AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9756 (Oct 23 high). Further decline could be expected after a minor consolidation, and next target would be at 0.8750 area. Initial...
After touching 1.6465 resistance, GBPUSD pulled back from 1.6481, suggesting that lengthier sideways consolidation of the uptrend from 1.5854 is underway. Key support is at 1.6219, as long as this level holds, the uptrend could be expected...
EURUSD broke below the lower line of the price channel on 4-hour chart, suggesting that the uptrend from 1.3296 (Nov 7 low) had completed at 1.3810 already. Deeper decline would likely be seen over the next several...
AUD/CAD seems prime for a large correction on its 1-hour time frame, as the pair has found support around its recent lows around .9450. The pair could pull up to any of the Fib levels marked, particularly...
The USD/JPY pair broke out to the outside during the session on Wednesday, after the FMOC announced that it was in fact going to go ahead and start tapering off of the bond buyback purchase program that...
The USD/CAD pair broke higher during the session on Wednesday at the FMOC went ahead and announced a slight taper from the bond buyback program. Because of this, it appears that this pair is ready to go...
The GBP/USD pair shot much higher during the session on Wednesday, breaking above the recent highs, but then pullback as the FMOC announced that they were in fact going to go ahead and start tapering the bond...
The EUR/USD pair initially try to rally during the session on Wednesday, but the 1.38 level offered far too much resistance again. The market really started the selloff though as the Federal Reserve announced that it was...
The AUD/USD pair fell during the session on Wednesday due to the FMOC announcing its bond buyback purchase program being shrank slightly. The Australian dollar continues to show weakness overall, and the fact that we broke down...
By Elliott Wave International Have you ever seen price charts that tell a story clearly? Here is a perfect example from Robert Prechter’s most recent monthly publication, The Elliott Wave Theorist. By combining headlines from newspapers with...
