The USD/JPY pair reacted positively at first during the session on Friday, as the nonfarm payroll numbers came out much better than anticipated originally. However, the 103 level has offered quite a bit of resistance, and as...
The USD/CAD pair went back and forth during the session on Friday, as the nonfarm payroll numbers cannot a little bit stronger than anticipated. Ultimately, the 1.10 level did offer enough resistance to push the market back...
The GBP/USD pair fell during the bulk of the session on Friday, but found enough support down at the 1.68 level to bring in buyers and push the market much higher. In the end forming a hammer...
The EUR/USD pair initially fell during the session on Friday as the nonfarm payroll came out much higher than anticipated. However, we get a significant bounce of the 1.38 handle, and formed a massive hammer. We believe...
The AUD/USD pair initially broke down below the 0.9250 level during the session on Friday, but from enough support to push things back around and form a massive hammer. This hammer of course suggests that there are...
Today’s NFP report is much awaited by the trading community across all trading classes. The US Federal Reserve decided to further taper its economic stimulus program known under the synonym of QE3 by $10 billion down to...
EUR/USD is trading inside a symmetrical triangle on its 4-hour time frame as traders can’t quite establish a clear direction on the pair. Price is testing the top of the triangle around the 1.3875 levels but stochastic...
By Elliott Wave International Elliott Wave International’s technical analysis expert, Jeffrey Kennedy, shows you the first step in identifying a high-confidence trade setup in this 4-minute video clip. It’s taken from a live lesson he taught on...
USDCAD remains in downtrend from 1.1053, the rise from 1.0942 is likely consolidation of the downtrend. Resistance is at 1.1000, as long as this level holds, the downtrend could be expected to resume, and next target would...
USDCHF is forming a sideways consolidation in a range between 0.8743 and 0.8861. The sideways movement could be expected to continue over the next several days. Key support is at 0.8743, a breakdown below this level will...
