The USD/JPY pair try to rally during the session on Tuesday, but failed at just below the 105 level again. This is an area that has been a bit difficult for the buyers to overcome recently, so...
The USD/CAD pair tried to break above the 1.10 level during the session on Tuesday, and had some luck. However, as you can see we ended up pulling back below that level in forming a nasty looking...
The GBP/USD pair initially fell during the session on Tuesday, but pushed higher towards the 1.65 level. That level has been resistive though, and as a result it doesn’t surprise us that the market could not get...
USDCAD stays within a upward price channel and remains in uptrend from 1.0588, and the rise extended to as high as 1.1018. As long as the channel support holds, the uptrend could be expected to continue, and...
USDCHF remains in uptrend from 0.8986, the fall from 0.9156 could be treated as consolidation of the uptrend. Support is located at the lower line of the price channel on 4-hour chart. As long as the channel...
USDJPY is forming a sideways consolidation in a range between 102.85 and 105.44. As long as 102.85 key support holds, the price action in the range could be treated as consolidation of the uptrend from 96.57 (Oct...
AUDUSD remains in downtrend from 0.9085, the rise from 0.8756 is likely consolidation of the downtrend. Resistance is at 0.8920, as long as this level holds, the downtrend could be expected to resume, and another fall towards...
GBPUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.6593 had completed at 1.6309 already. Further rise could be expected, and next target would be at 1.6570 area. Support is at...
EURUSD remains in downtrend from 1.3699, the rise from 1.3507 could be treated as consolidation of the downtrend. Resistance is at 1.3580, as long as this level holds, the downtrend could be expected to resume, and another...
By Elliott Wave International During QE3, the latest round of the Fed’s quantitative easing, the stock market rose. We all know that. But did you also know that commodities fell? That’s right: QE3 had zero effect on...
