The AUD/USD pair fell hard during the session on Tuesday, slamming into the 0.92 region. This is an area that has been massively supportive in the past, which is the bottom of a larger consolidation area. This...
By Elliott Wave International One of the best aspects of technical analysis is also its biggest drawback: Namely, there are far too many indicators to choose from. Candlesticks to channels, Relative Strength Index to Bollinger Bands, double...
USDCAD broke above 1.0997 resistance, indicating that the uptrend from 1.0619 (Jul 3 low) has resumed. Further rise could be expected and next target would be at 1.1200 area. Support is at 1.0940, only break below this...
USDCHF remains in uptrend from 0.8997, the fall 0.9379 is likely consolidation of the uptrend. Further rise could be expected after consolidation, and next target would be at 0.9500 area. Near term support is at 0.9280, and...
USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 101.50. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...
AUDUSD broke below 0.9237 support, indicating that the downtrend from 0.9470 (Jul 24 high) has resumed. Further decline could be expected after a minor consolidation, and next target would be at 0.9000 area. Resistance is at 0.9250,...
GBPUSD’s downward movement from 1.6643 extended to as low as 1.6059. Further decline could be expected after a minor consolidation, and next target would be at 1.5700 area. Resistance is at 1.6235, only break above this level...
EURUSD remains in downtrend from 1.3411, the rise from 1.2859 is likely consolidation of the downtrend. Near term resistance is at 1.2985, and the key resistance is located at the downward trend line on 4-hour chart. As...
Normal 0 false false false EN-US X-NONE X-NONE Penny stocks are becoming trendier these days, of course, due to their appealing cost. As the name suggests, penny stocks are very low in price per share, but they...
AUDUSD has been trading inside a rising channel on its 1-hour forex time frame for the past month, but it looks like a breakdown is happening. The pair is currently hovering around the channel bottom near the...
