GBPUSD is facing 1.6841 resistance, a break above this level will signal resumption of the uptrend from 1.6465, then the following upward movement could bring price to 1.7000 area. Near term support is now at 1.6770, only...
EURUSD remains in downtrend from 1.3905. Deeper decline is still possible and the target would be at 1.3750 area. Resistance levels are at 1.3835 and 1.3905, only break above these levels could trigger another rise towards 1.4000.
The USD/JPY pair fell initially during the session on Tuesday, as traders came back from the Easter holiday. Nonetheless, there was plenty of buying pressure underneath, and as a result the market bounced enough to form a...
The USD/CAD pair did very little during the session on Tuesday, but did prove the 1.10 level to be supportive again. Because of that, we feel that this market should continue to grind higher but we recognize...
The GBP/USD pair rose during the session on Tuesday, but could not breakout to fresh new highs. However, the 1.6850 level looks like its being challenged rather significantly, so we feel it’s only a matter of time....
The EUR/USD pair tried to rally during the session on Tuesday, but fell from the 1.3835 level to form a shooting star. This suggests that the market is going to continue falling from here, and that a...
The AUD/USD pair rose during the session on Tuesday, breaking the top of the hammer that had formed on Monday. That signifies that we are going higher in our opinion, and as a result we started buying...
By Elliott Wave International The financial forecasts around the end of 2013 brimmed with optimism. Here are just a few examples: Many scoff at notion stock bubble exists — Associated Press, Nov. 19, 2013 Economy Entering New...
USD/JPY is moving inside an ascending trend channel on its 4-hour time frame, indicating that further gains could be in the cards for the pair. Take note though that stochastic already reached the overbought zone and may...
The USD/JPY pair went back and forth during the session on Monday, as traders came back from the holiday weekend. However, much of Europe was still away from its desk, and as a result the liquidity would...
