The AUD/USD pair fell hard during the session on Thursday, and at one point in time actually broke below the 0.88 level. However, towards the end of the day we saw enough support in this market to...
By Elliott Wave International On December 23, the U.S. Federal Reserve celebrated its 100th birthday. When legislation creating its existence was signed on December 23, 1913 (in a sneaky move during a holiday week), Congress granted the...
USDCAD stays within a upward price channel on 4-hour chart, and remains in uptrend from 1.0588, the fall from 1.0991 could be treated as consolidation of the uptrend. As long as the channel support holds, the uptrend...
USDCHF stayed in a trading range between 0.8986 and 0.9126 for several days. The price action in the range is likely correction of the uptrend from 0.8799. Another fall to 0.8900 area to complete the correction is...
USDJPY remains in uptrend from 96.57 (Oct 8, 2013 low), the price action from 105.44 could be treated as consolidation of the uptrend. Resistance is at 105.44, a break above this level will signal resumption of the...
AUDUSD remains in downtrend from 0.9085, the rise from 0.8776 could be treated as consolidation of the downtrend. Resistance is at 0.8850, followed by 0.8915, only break above these levels could signal completion of the downtrend.
GBPUSD’s fall from 1.6593 extended to as low as 1.6314. Deeper decline is still possible and next target would be at 1.6270 area. Key support is located at 1.6219, as long as this level holds, the fall...
EURUSD stayed in a trading range between 1.3548 and 1.3699 for several days. The price action in the range is likely correction of the downtrend from 1.3892. One more rise to 1.3800 area to complete to correction...
Thanks to Australia’s weaker than expected jobs data, AUD/JPY finally broke below that short-term consolidation on the top of the falling channel on its 4-hour time frame. At the same time, the yen could continue to gain...
USDCAD remains in uptrend from 1.0588, the fall from 1.0991 could be treated as consolidation of the uptrend. Support is now located at the bottom of the price channel on 4-hour chart. As long as the channel...
