USDCAD is gearing up to test the bottom of its descending triangle pattern once more, after finding resistance around the 1.2500 levels. Price is nearing the support at the 1.2400 major psychological mark and may be due...
By Elliott Wave International Editor’s note: You’ll find a text version of this story below the video. Learn how you can get our FREE, 53-page State of the Global Markets report now >> On Friday (Feb. 27),...
USDCAD continued its sideways movement in a range between 1.2352 and 1.2797. Another fall to test 1.2352 support would likely be seen, a breakdown below this level will target 1.2200 area. Key resistance is now at 1.2663,...
USDJPY moved sideways in a trading range between 118.23 and 120.47. Support is at 118.23, a breakdown below this level will target 116.50 area. Resistance is at 120.47, above this level will indicate that the uptrend from...
AUDUSD remains in downtrend from 0.7912, the rise from 0.7750 is likely correction of the downtrend. Further decline could be expected, and next target would be at 0.7650 area. Resistance is at 0.7912, only break above this...
GBPUSD remains in downtrend from 1.5551, and the fall extended to as low as 1.5251. Further decline could be expected after a minor consolidation, and next target would be at 1.5100 area. Resistance is located at the...
EURUSD broke below 1.1097 support, indicating that the downtrend from 1.2569 (Dec 16, 2014 high) has resumed. Further decline could be expected, and next target would be at 1.0800 area. Resistance is at 1.1250, only break above...
The USD/JPY pair went back and forth during the session on Tuesday, as we continue to meander below the 120 level. However, we think that short-term pullbacks will continue to be buying opportunities. This is a market...
The USD/CAD pair initially fell during the session on Tuesday, dipping well below the 1.25 handle. However, we found enough support below to turn things back around and form a nice-looking hammer. The hammer of course is...
The GBP/USD pair went back and forth on Tuesday, essentially settling on a slightly negative candle. At the end of the day however, we feel that this market has plenty of support in the neighborhood of the...
