The GBP/USD pair has been one that we been paying attention to for several sessions now. We formed a three hammers in a row at the 1.63 level, and have now broken to the upside. We suggested...
The EUR/USD pair initially fell during the session on Friday, but as you can see bounced high enough to form a relatively strong looking hammer. Granted, it’s not a perfect hammer, but it is enough to make...
The AUD/USD pair try to rally during the session on Friday, but as you can see the 0.90 level offered far too much in the way of resistance. Although we did form a relatively weak looking candle,...
USD/JPY might be in for a bit of consolidation in the trading hours leading up to the US non-farm payrolls release. Another weak figure is expected, as cold weather conditions could weigh on the employment change figure...
By Elliott Wave International The DJIA, S&P and NASDAQ are struggling to bounce. Yet the bullish convictions remain high. Says a February 5 Investor’s Business Daily headline: “Why Mutual Fund Investors Need Not Panic After January Sell-Off”...
USDCAD moved sideways above 1.1031 support. A breakdown below this support level will indicate that the uptrend from 1.0588 had completed, then deeper decline to 1.0800 area could be seen. However, as long as 1.1031 support holds,...
USDCHF broke below 0.9003 support, suggesting that the uptrend from 0.8903 had completed at 0.9081 already. The pair is now in downtrend, further decline could be expected, and next target would be at 0.8900 area. Resistance levels...
USDJPY is facing the resistance of the upper line of the price channel on 4-hour chart. A clear break above the channel resistance will indicate that consolidation of the downtrend from 105.44 is underway, then the pair...
AUDUSD remains in uptrend from 0.8660. Further rise could be expected after a minor consolidation, and next target would be at 0.9040 area. Key resistance is at 0.9085, as long as this level holds, the price action...
GBPUSD remains in downtrend from 1.6668, the rise from 1.6252 is likely consolidation of the downtrend. Resistance is at 1.6400, as long as this level holds, the downtrend could be expected to resume, and another fall to...
