The AUD/USD pair did very little during the session on Thursday, as we continue to grind sideways. Because of this, we feel that the market is essentially trying to build up enough momentum to break out, and...
By Elliott Wave International Editor’s Note: Below you will find a sneak peek from the just-published issue of Robert Prechter’s Theorist. It provides you an opportunity to see some of the research, analysis and forecasts that Elliott...
USDCAD’s downward movement from 1.0960 extended to as low as 1.0679. Resistance is now at 1.0735, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0600 area....
USDCHF is facing 0.8907 support, a breakdown below this level will confirm that the uptrend from 0.8703 (May 8 low) had completed at 0.9036 already, then next target would be at 0.8800 area. Near tern resistance is...
USDJPY broke below 101.60 support and continued its downward movement from 102.79, and the fall extended to as low as 101.31. Further decline is still possible, and next target would be at 100.00 area. Resistance is now...
AUDUSD is facing 0.9444 resistance, a break above this level will signal resumption of the uptrend from 0.9208, then next target would be at 0.9500 area. Key support is at 0.9321, only break below this level will...
GBPUSD is facing 1.7062 resistance, a break above this level will signal resumption of the uptrend from 1.6692, then next target would be at 1.7200 area. Key support is at 1.6921, only break below this level will...
EURUSD remains in short term uptrend from 1.3512, as long as 1.3564 support holds, the uptrend could be expected to continue, and another rise to test 1.3676 resistance is still possible. Only break below 1.3564 support will...
USD/JPY has been consolidating inside a symmetrical triangle for almost an entire month, as traders are torn in picking a clear direction for this pair. However, the bleak US GDP release has resulted in a sharp downside...
The USD/JPY pair fell during the bulk of the session on Wednesday, showing the 101.50 level to be supportive. That being the case, it feels as if the market is trying to get some type of traction...
