The EUR/USD pair broke down during the session on Wednesday, testing the 1.05 level, which we see as massively supportive. In the meantime, we think that this market simply grinds sideways, as it seems to be a...
The AUD/USD pair tried to break out during the session on Wednesday, but found the area above the 0.76 level to be far too resistive. Because of this, the market ended up forming a shooting star looks...
EURCHF could be in for a break below its descending triangle pattern, as the ongoing quantitative easing program of the European Central Bank has been weighing on the shared currency. At the moment, the pair is still...
By Elliott Wave International I can’t help it. Whenever I read the mainstream financial news, I feel like I’m eavesdropping on a job interview at Microsoft. In case you don’t remember — Microsoft was made famous, in...
USDCAD’s upward movement from 1.2406 extended to as high as 1.2797. Further rise could be expected after a minor consolidation, and next target would be at 1.3000 area. Support is at 1.2640, as long as this level...
USDJPY remains in uptrend from 118.23, the fall from 122.02 is likely consolidation of the uptrend. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend...
AUDUSD’s downward movement from 0.7912 extended to as low as 0.7560. Further decline could be expected, and next target would be at 0.7400 area. Resistance is at 0.7700, only break above this level could signal completion of...
GBPUSD remains in downtrend from 1.5551, and the downward movement extended to as low as 1.4893. Further decline could be expected after a minor consolidation, and next target would be at 1.4500 area. Resistance is at 1.5050,...
EURUSD continued its downward movement from 1.1450, and the fall extended to as low as 1.0503. Further decline could be expected after a minor consolidation, and next target would be at 1.0200 area. Resistance is at 1.0700,...
The USD/JPY pair broke down during the session on Tuesday, we trace in all of the gains for Monday. Ultimately though, this market has broken out to the upside in as well above the 120 level. Because...
