GBPUSD stays in a trading range between 1.5874 and 1.6226. As long as 1.6226 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.6524 (Sept 19 high), another fall...
EURUSD remains in downtrend from 1.2867, the rise from 1.2441 is likely consolidation of the downtrend. Resistance is located at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds,...
The USD/JPY pair broke higher during the course of the day on Monday, testing the 140 level. With that being the case, the market looks like every time it pulls back, there could be a buying opportunity....
The USD/CAD pair broke higher during the course of the session on Monday, as we continue to test the 1.14 level. With that being the case, the market appears as if it’s ready to continue going higher,...
The GBP/USD pair tried to break higher during the course of the day on Monday, but as you can see the 1.60 level has offered enough resistance to turn the market back around and form a shooting...
The EUR/USD pair did very little during the session on Monday, as we continue to hang about the 1.25 level. That being the case, the market looks as if it is trying to decide whether or not...
The AUD/USD pair continues to show significant weakness as we gapped lower at the open. With that being the case, the session on Monday certainly looks like a continuation of the downtrend in this marketplace. We believe...
NZDUSD Area of Interest at .7800 (Nov 4, 2014) NZDUSD could be in for a correction after breaking below the support zone at the .7800 major psychological level. The pair has dipped to the .7700 area and...
By Elliott Wave International In this brand-new video interview, EWI Senior Currency Strategist Jim Martens shows you his approach to the forex markets — and how the “simplicity” of Elliott wave analysis has guided him through 23...
USDCAD is facing 1.1385 resistance, a break of this level will indicate that the uptrend from 1.0810 (Aug 29 low) has resumed, then next target would be at 1.1500 area. Support is at 1.1260, only break below...
