By Elliott Wave International The best thing about Elliott wave patterns? Easy: They repeat. They repeat on all timeframes, across dozens of markets, all over the world. Once you know what to look for, you see the...
While many traders may be a little disconnected from reality and push equity markets higher while selected currency pairs remain stuck in their overextended trends which is a very unhealthy combination and equity traders as well as...
The USD/JPY pair rose during the session on Tuesday, breaking above the highs from the Monday session as well. This wiped out quite a bit of losses, as the market approach the 104 level. That being the...
The USD/CAD pair rose during the session on Tuesday, breaking above the 1.09 handle yet again. This area has broken the top of the hammer from the Monday session as well, and as a result it looks...
The GBP/USD pair when higher during the session on Tuesday, bouncing off of the 1.64 handle. This market looks like it’s ready to continue going sideways, but we do recognize the fact that the 1.65 level will...
The EUR/USD pair did very little during the session on Tuesday, essentially banging around back and forth to end up where we started. The market appears to be somewhat supported in this area though, and the action...
The AUD/USD pair fell hard during the session on Tuesday, breaking back below the 0.90 handle. We had suggested that the breakout above that level might have been a bit of a “false breakout”, so this move...
After consolidation, USDCAD continues its upward movement from 1.0588, and the rise extends to as high as 1.0977. Further rise could be expected in a couple of days, and next target would be at 1.1100 area. Support...
USDCHF remains in downtrend from 0.9126, the rise from 0.8986 could be treated as consolidation of the downtrend. As long as 0.9126 key resistance holds, the downtrend could be expected to resume, and next target would be...
USDJPY bounced strongly from 102.85, indicating that the pair remains in uptrend from 96.57 (Oct 8, 2013 low), and the price action from 105.44 would possibly be consolidation of the uptrend. Further rise to test 105.44 resistance...
