The EUR/USD pair went back and forth during the session on Wednesday, showing the 1.35 level as being supportive. We still have the 200 EMA just below, which of course offers dynamic support as well. However, we...
The AUD/USD pair went back and forth during the session on Wednesday, printing a neutral candle just above the 0.89 handle. That being the case, it appears the market is going to try and go higher, simply...
By Elliott Wave International When the financial media mentions the late 1920s, they usually mean the 1929 stock market top. But today’s investors can also learn from what happened in 1928. That was the year that the...
USDCAD is facing 1.1031 support, a breakdown below this level will signal completion of the uptrend from 1.0588, then deeper decline to 1.0800 area could be seen. However, as long as 1.1031 support holds, the fall from...
USDCHF moved sideways in a narrow range between 0.9003 and 0.9081. As long as 0.9003 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.8903, one more rise to...
USDJPY remains in downtrend from 104.92, the rise from 100.75 is likely consolidation of the downtrend. Resistance is located at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds...
AUDUSD’s upward movement from 0.8660 extended to as high as 0.8979. Further rise to test 0.9085 resistance could be expected, a break above this level will signal completion of the longer term downtrend from 0.9756 (Oct 23,...
GBPUSD is in consolidation of the downtrend from 1.6668. Range trading between 1.6252 and 1.6400 would likely be seen in a couple of days. Resistance is at 1.6400, as long as this level holds, the downtrend could...
EURUSD’s rise from 1.3477 extended to as high as 1.3555. However, the rise is likely consolidation of the downtrend from 1.3739, another fall could be expected after consolidation, and next target would be at 1.3400 area. Resistance...
Europe started today’s sour economic news releases as the Service Sector PMI came in much weaker across the continent. The Eurozone Service PMI came in at 51.6 which missed estimates which called for an increase to 51.9....
