The GBP/USD pair went back and forth during the course of the session on Thursday as we continue to meander in this consolidation area. We believe that it’s only a matter of time before the market breaks...
The EUR/USD pair tried to rally during most of the day on Thursday, but as you can see struggled as we get close to the 1.25 handle. Because of this, we did of giving up about half...
The AUD/USD pair went back and forth during the course of the day on Thursday, as we continue to bounce along just below the 0.84 handle. We believe that this market will eventually go lower, probably heading...
USDJPY is encountering strong resistance at the 120.00 major psychological mark and may be due for a pullback soon. Price could test the rising trend line on its 1-hour chart, as this has been holding as support...
By Elliott Wave International When Shinzo Abe became the Prime Minister of Japan in December 2012, he was regarded with the kind of reverence that politicians dream about. He was featured in a hit pop song (“Abeno...
USDCAD stays in a trading range between 1.1313 and 1.1458. As long as 1.1313 support holds, another rise to test 1.1466 resistance could be expected, a break of this level will signal resumption of the uptrend from...
USDCHF remains in uptrend from 0.9370 (Oct 15 low), the fall from 0.9794 is likely consolidation of the uptrend. As long as 0.9531 key support holds, the uptrend could be expected to resume, and next target would...
USDJPY continued its upward movement from 105.32 (Oct 15 low), and the rise extended to as high as 120.24. Near term support is at the bottom of the price channel on 4-hour chart. As long as the...
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8355. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.8200 area. On the upside,...
GBPUSD stays in a trading range between 1.5585 and 1.5825. The price action in the range is likely consolidation of the downtrend from 1.6182, another fall towards 1.5000 could be expected after consolidation. Support is at 1.5585,...
