EURUSD continued its downward movement from 1.3411 and the fall extended to as low as 1.27734. Further decline could be expected and next target would be at 1.2600 area. Near term resistance is at the downward trend...
The USD/JPY pair initially fell during the course of the day on Tuesday, but found enough support below the 109 level to turn things back around and form a hammer. Every time this market drops, people step...
The USD/CAD pair initially fell during the course of the day on Tuesday, but found the 1.10 reason to be supportive again. With that, it appears that the market turned back around and form a hammer suggests...
The GBP/USD pair initially fell during the course of the day on Tuesday, but found enough support at the 1.63 handle to turn things back around and form a hammer. This is an excellent place to see...
The EUR/USD pair broke higher during the course of the day on Tuesday, but found enough resistance near the 1.29 level to turn things back around and form a shooting star. The shooting star of course is...
The AUD/USD pair initially tried to rally during the course of the day on Tuesday, but found the markets disagreeable. With that, we have broken down below the bottom of the hammer from the Monday session, and...
NZDUSD might be due for a strong bounce, as the pair is testing the bottom of the ascending trend channel on its daily time frame. Trade balance from New Zealand came in better than expected as it...
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 is facing 1.1098 resistance, a break of this level will signal resumption of the uptrend from 1.0810, then next target would be at 1.1200 area. Support is at 1.0985, only break below this level could trigger...
USDCHF stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.8997, the fall from 0.9432 is likely consolidation of the uptrend. Near term support is located at the trend line and the...
