The EUR/USD pair fell hard during the session on Thursday as the European Central Bank surprised that the markets with a slight rate cut. With that, the market looks as if it is going to continue selling,...
The AUD/USD pair tried to rally significantly during the session on Thursday but failed. The pullback ended up forming a shooting star, and as a result it looks like the market wants to stay within the consolidation...
By Robert Prechter (excerpted from the monthly Elliott Wave Theorist; published since 1979) Over the past 30 years, hundreds of articles — you can find them on the web — have featured comments from economists about the...
No changed in our view, USDCAD remains in uptrend from 1.0810, the fall from 1.0942 would possibly be correction of the uptrend. Key support is at 1.0810, as long as this level holds, the uptrend could be...
USDCHF’s upward movement from 0.8997 extended to as high as 0.9335. Further rise could be expected after a minor consolidation, and next target would be at 0.9500 area. Support is at 0.9260, as long as this level...
USDJPY’s upward movement from 101.50 extended to as high as 105.70. Further rise is still possible and next target would be at 107.00 area. Support is located at the upward trend line on 4-hour chart, only a...
AUDUSD broke above 0.9373 resistance, indicating that the uptrend from 0.9237 has resumed. Further rise could be expected, and next target would be at 0.9450 area. Support is at 0.9315, only break below this level could trigger...
GBPUSD continued its downward movement from 1.6643, and the fall extended to as low as 1.6286. Further decline could be expected after a minor consolidation, and next target would be at 1.6000 area. Resistance is at 1.6380,...
EURUSD’s downward movement from 1.3411 extended to as low as 1.2920. Further decline could be expected after a minor consolidation, and next target would be at 1.2800 area. Resistance is at 1.3050, as long as this level...
AUD/CAD has been trading inside a range on its 1-hour time frame, finding support at the 1.0115 area and resistance at the 1.0215 level. Price has recently come off a test of the range support and appears...
