The AUD/USD pair rallied during the session on Friday, but found enough resistance of the 0.90 level in order to pull back and form a shooting star. This only reinforces the bearishness of this pair, and therefore...
The USD/JPY pair fell hard during the session on Thursday, slicing through the 105 level. However, market conditions are very illiquid so we don’t read too much into this. We expect this pair to continue to meander...
The USD/CAD pair fell during the bulk of the session on Thursday, but found the 1.06 handle supportive yet again. We believe this continues the consolidation pattern of 1.06 be in the bottom, while 1.07 or so...
The GBP/USD pair fell hard during the session on Thursday, but found support at the 1.64 level. However, the biggest thing that we would take out of the session is simply that the conditions were very illiquid,...
The EUR/USD pair fell during the session on Thursday, slamming into the 1.3650 handle. At that area, we have seen support recently, as well as resistance back in November. Because of this, it’s not a huge surprised...
The AUD/USD pair went back and forth during the very illiquid session on Thursday, essentially selling around the 0.89 handle. This ultimately confirmed in the consolidation area that we have been trading and, and has relegated this...
By Elliott Wave International How do you know when the market is getting ready for a change? This quote from Bob Prechter’s best-selling book, Conquer the Crash, looks at investor psychology at extremes in the markets: The engine...
USDCAD moved sideways in a range between 1.0561 and 1.0737. As long as 1.0561 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.0182 (Sept 19 low), and another...
USDCHF broke above the upper line of the price channel on 4-hour chart, suggesting that the downtrend from 0.9249 (Nov 7 high) had completed at 0.8799 already. Further rally could be expected, and the target would be...
USDJPY remains in uptrend from 96.94 (Oct 25 low), the fall from 105.44 could be treated as consolidation of the uptrend. Support is now located at the lower line of the price channel on 4-hour chart. As...
