The AUD/USD pair initially fell during the course of the day on Tuesday, but found the 0.90 level to be supportive enough to bounce significantly. With that, we crashed into the 0.91 handle for resistance, and look...
GBPUSD is taking a break from its recent selloff as the pair found support at a long-term area of interest. The daily chart shows price stalling at the 38.2% Fibonacci retracement level, which lines up with a...
USDCAD remains in uptrend from 1.0810, the fall from 1.1098 is likely consolidation of the uptrend. Key support is at 1.0933, as long as this level holds, the uptrend could be expected to resume, and another rise...
USDCHF stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.8997, the fall from 0.9395 is likely consolidation of the uptrend. Support is located at the trend line, as long as the...
USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 101.50, the fall from 107.39 is likely consolidation of the uptrend. Near term support is at 106.50, as long as this level...
AUDUSD broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 0.9401 had completed at 0.8983 already. Range trading between 0.8983 and 0.9150 would likely be seen in a couple...
GBPUSD’s bounce from 1.6051 extended to as high as 1.6309, however, the bounce is likely consolidation of the downtrend from 1.7190 (Jul 15 high), as long as the trend line resistance holds, the downtrend could be expected...
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3411. As long as the trend line resistance holds, the rise from 1.2859 could be treated as consolidation of the downtrend, and...
By Elliott Wave International Elliott Wave International’s Senior Analyst Jeffrey Kennedy is the editor of our Elliott Wave Trader’s Classroom and one of our most popular instructors. Jeffrey’s primary analytical method is the Elliott Wave Principle, but...
AUDUSD has been on a strong downtrend since the start of the month but may be due for a quick correction after gapping down early this trading week. Price dipped below the .9000 major psychological level and...
