AUDUSD continued its downward movement from 0.9401, and the fall extended to as low as 0.8665. Further decline could be expected, and next target would be at 0.8600 area. Resistance is located at the downward trend line...
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.6524. Further decline could be expected, and next target would be at 1.6100 area. Near term resistance is at the trend line,...
EURUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 1.2994, the rise from 1.2570 is likely consolidation of the downtrend. Resistance is located at the upper line of trend line, as...
The USD/JPY pair went and forth during the session on Monday, as we continue to hang out just below the 110 level. That area is significant resistance, so we believe that it’s going to take a significant...
The USD/CAD pair fell during the course of the day on Monday, but found enough support near the 1.1150 region to bounce from there to form a hammer. The hammer of course suggests that the market could...
The GBP/USD pair rose during the course of the day on Monday, but as you can see ran into a bit of trouble at the 1.63 handle. With that, it appears that the market is ready to...
The EUR/USD pair tried to rally during the course of the day on Monday, but as you can see failed near the 1.27 level. This area ended up pushing market back down and forming a shooting star,...
The AUD/USD pair rose during the course of the day on Monday, as we bounced a bit off of the 0.87 handle. However, the 0.88 level above should be resistive, so we look at this is a...
USDJPY seems to be having trouble sustaining its gains past the 109.50 minor psychological level, opening the case up for a quick retracement. Price appears to have pulled back to the 38.2% Fibonacci retracement level on the...
By Elliott Wave International Editor’s note: The following article was republished here with permission from the co-editors of the September issue of The Elliott Wave Financial Forecast, a publication of Robert Prechter’s Elliott Wave International, the world’s...
