GBPUSD’s bounce from 1.6051 extended to as high as 1.6276, 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 continued its sideways movement in a range between 1.2859 and 1.2987. As long as 1.2987 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.3411, another fall towards 1.2500 could be...
The USD/JPY pair rose again during the session on Wednesday, breaking the top of the shooting star from the Tuesday session. Because of this, we feel that this market certainly has plenty of bullish pressure underneath it...
The USD/CAD pair tried to break above the 1.10 level during the day on Wednesday, but turned back around and fell hard. Because of this, we feel that the market is probably heading back to the 1.0850...
The GBP/USD pair as you can see initially fell during the course of the day on Wednesday, but bounced enough to head back towards the 1.62 level. We are just below a gap from the beginning of...
The EUR/USD pair had a fairly calm session as we continue to bounce around in the general vicinity. We seem to be attracted to the 1.29 level, we think ultimately this market will break out to the...
The AUD/USD pair fell during most of the session on Wednesday, but bounce significantly off of the 0.91 handle, as we formed a massive hammer. That being the case, if we break the top of the hammer,...
NZDJPY has been moving in a steady uptrend inside a tight ascending channel on its 4-hour chart. Price is currently testing the channel support near the 87.50 minor psychological level while stochastic is almost in the oversold...
By Elliott Wave International You may remember that during the 2008-2009 financial crisis, many called into question traditional economic models. Why did the traditional financial models fail? And more importantly, will they warn us of a new...
USDCAD remains in uptrend from 1.0810, the fall from 1.1031 is likely consolidation of the uptrend. Support is located at the lower line of the price channel on 4-hour chart, as long as the trend line support...
