EURUSD has been consolidating tightly, as the pair made lower highs and higher lows, forming a symmetrical triangle pattern on its 1-hour time frame. Price is currently testing the bottom of the formation while stochastic is moving...
The USD/JPY pair initially rallied during the session, but pulled back in order to form a shooting star. The shooting star of course suggests that the market is ready to continue to drop from here, and perhaps...
The USD/CAD pair initially fell during the course of the day on Thursday, but found enough support at the 1.09 level to turn things back around and form a hammer. This hammer of course suggests that the...
The GBP/USD pair fell during the session on Thursday, but found enough support at the 1.6650 level to bounce and form a hammer. This hammer should signal a bounce to the 1.68 level. The area will feature...
The EUR/USD pair went back and forth during the day on Thursday, but formed a shooting star yet again. Every time this market rallies, the sellers step been to push it back down. With that, if we...
AUD/USD initially fell during the course of the day on Thursday, but found enough support just below the 0.93 level to turn things back around and form a bit of a hammer. If we can break the...
By Elliott Wave International The following article was written by Elliott Wave International’s Senior Instructor Jeffrey Kennedy to show what you can expect from a market at the completion of various Elliott wave patterns. Jeffrey, a Chartered...
USDCAD is facing 1.0875 support, a breakdown below this level will indicate that the uptrend from 1.0619 had completed at 1.0985 already, then deeper decline to 1.0700 area could be seen. On the upside, as long as...
USDCHF continued its sideways movement in a range between 0.9032 and 0.9114. As long as 0.9032 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.8855, another rise towards 0.9200 is still...
USDJPY’s upward movement from 101.50 extended to as high as 102.65. Further rise is still possible, and next target would be at 102.90 area. Support is at 102.20, only break below this level could trigger another fall...
