USDJPY’s downward movement from 102.36 extended to as low as 101.10. Further decline would likely be seen over the next several days, and next target would be at 100.00 area. Resistance is at 101.65, only break above...
AUDUSD broke below 0.9318 support, indicating that the uptrend from 0.9202 had completed at 0.9408 already. Deeper decline could be expected and next target would be at 0.9250 area. Resistance levels are at 0.9375 and 0.9408, only...
The USD/JPY pair broke down below the 11.25 level, an area that has offered a significant amount of support during the session on Monday. However, we bounced high enough to form a hammer, his hammer of course...
The USD/CAD pair initially fell during the session on Monday, but found enough support near the 1.0850 level in order to turn things back around and form a hammer. We believe that this is the significant support...
GBPUSD is now in uptrend from 1.6731. Further rise would likely be seen over the next several days, and the target would be at 1.6900 – 1.6950 area. Support is at 1.6731, only break below this level...
GBP/USD initially tried to rally during the session on Monday, but turned back around and form a shooting star. Because of this, we feel that the market could have a short-term pullback, but at the end of...
The EUR/USD pair tried to rally during the session on Monday, as the 1.37 level of course offered significant support yet again. However, you can see that a lot of selling pressure did in fact enter the...
EURUSD is in consolidation of the downtrend from 1.3993, further rise to 1.3820 area to complete the consolidation would likely be seen over the next several days. Support is at 1.3648, only break below this level could...
The AUD/USD pair fell hard during the session on Monday, but let’s keep in mind that we’re still well within the consolidation range. So while we fell hard in relation to the overall range of trading in...
By Elliott Wave International My dad will turn 84 this year. When he was born, you could walk into a Federal Reserve Bank or the Treasury and redeem your paper money for gold. It actually said you...
