The Japanese Yen plunged to new multi-year lows especially against the US Dollar as the USDJPY broke out above the 107.000 level only to be stopped by a very big resistance level which is located around 107.250....
The USD/CAD pair rose during the course of the day on Thursday, breaking the top of two shooting stars in a row. With that being the case, the market has now broken out to the upside, and...
EUR/USD pair went back and forth during the course of the day on Thursday, remaining within the consolidation area we have been in for some time. The 1.30 level above is should continue to offer significant resistance,...
The AUD/USD pair broke higher during the course of the day on Thursday, but found the 0.92 level to be far too resistive in order to go higher. That being the case, we ended up turning back...
CADJPY is on a short-term uptrend, as a rising trend line can be drawn to connect price lows since August on its 1-hour forex chart. Price is currently testing this ascending support zone and may be due...
Elliott Wave International’s Chief Market Analyst Steve Hochberg recently traveled to the San Francisco Money Show to present his outlook on the major U.S. markets to a packed workshop of subscribers and other Elliott-minded investors. “Extreme opinions,...
USDCAD’s upward movement from 1.0810 extended to as high as 1.1058. Further rise is still possible, and next target would be at 1.1200 area. Support is located at the lower line of the price channel on 4-hour...
USDCHF remains in uptrend from 0.8997, the fall from 0.9395 is likely consolidation of the uptrend. Near term support is at 0.9314, as long as this level holds, the uptrend could be expected to resume, and another...
USDJPY’s upward movement from 101.50 extended to as high as 107.29. Further rise could be expected, and next target would be at 108.00 area. Near term support is at 106.60, and the key support is located at...
AUDUSD’s downward movement from 0.9401 extended to as low as 0.9059. Further decline could be expected after a minor consolidation, and next target would be at 0.8900 area. Resistance is at 0.9155, as long as this level...
