EURUSD has been forming lower highs and higher lows, creating a triangle pattern on its 1-hour forex time frame. At the moment, price is testing the top of the consolidation pattern and may be due for a...
By Elliott Wave International Editor’s note: This article was adapted, with permission, from the February issue of The Elliott Wave Financial Forecast, a publication of Elliott Wave International. All data is as of Jan. 30, 2015. Click...
USDCAD is facing 1.2352 support, a breakdown below this level will indicate that the downtrend from 1.2797 has resumed, then deeper decline to 1.2200 area could be seen. On the other side, as long as 1.2352 support...
USDJPY remains in downtrend from 120.47, the rise from 118.23 is likely consolidation of the downtrend. Further decline would likely be seen after consolidation, and the target would be at 116.50 area. Key resistance is at 120.47,...
AUDUSD is facing 0.7875 resistance, a break of this level will indicate that lengthier consolidation of the downtrend from 0.8294 (Jan 15 high) is underway, then further rise to 0.8000 area could be seen. However, as long...
GBPUSD remains in uptrend from 1.4950, the fall from 1.5439 is likely consolidation of the uptrend. Support is at the bottom of the price channel on 4-hour chart, as long as the channel support holds, the uptrend...
EURUSD stayed in a narrow range between 1.1261 and 1.1534. Support is at 1.1261, a breakdown below this level will signal resumption of the downtrend from 1.2569 (Dec 16, 2014 high), then the following downward movement could...
The USD/JPY pair went back and forth during the course of the session on Monday, as the market finds support near the 118 handle. With that, the market should continue to go higher given enough time, but...
The USD/CAD pair broke higher during the course of the session on Monday, testing the 1.25 handle. If we can break above that level, the market should continue to go higher, as the bullish trend should continue...
The GBP/USD pair fell during the course of the session on Monday, testing the 1.5350 region. This is an area where the buyers should start to step back in, and therefore we like buying supportive candles on...
