The AUD/USD pair fell during the course of the day on Thursday, breaking below the 0.88 support level. With that, it appears of the market is ready to go much lower, probably heading to the 0.85 level...
EURUSD has been trending lower and has recently made another strong break below support at the 1.2800 major psychological level. Price dipped to the 1.2700 mark before making a quick bounce and starting a potential retracement. Using...
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...
USDCAD remains in uptrend from 1.0886, and the rise extended to as high as 1.1126. Further rise could be expected after a minor consolidation, and next target would be at 1.1200 area. Support is at 1.1050, only...
USDCHF’s upward movement from 0.8997 extended to as high as 0.9514. Further rise could be expected after a minor consolidation, and next target would be at 0.9600 area. Support is located at the upward trend line on...
USDJPY continued its sideways movement in a range between 108.24 and 109.45. Support is at 108.24, as long as this level holds, the sideways movement could be treated as consolidation of the uptrend from 101.50, another rise...
AUDUSD remains in downtrend from 0.9401, and the fall extended to as low as 0.8772. Resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could...
GBPUSD is now in downtrend from 1.6524, and the fall extended to as low as 1.6276. Further decline could be expected, and the target would be at 1.6100 area. Resistance is at 1.6420, only break above this...
EURUSD’s downward movement from 1.3411 extended to as low as 1.2696. Resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to continue,...
The USD/JPY pair rose during the course of the day on Wednesday, showing strength yet again. The hammer that informed on Tuesday hinted that we could see a little bit of buying pressure, and that’s exactly what...
