Purchase interest in the European currency is accelerating, raising the EUR/USD to new highs of several weeks above 1.1930. The EUR/USD in levels seen in September The pair’s bullish momentum continues to be supported by rising sales...
AUDUSD is currently trending lower but looks prime for a correction to its descending channel visible on the 4-hour time frame. This is in line with the 200 SMA dynamic inflection point, but price is already testing...
USDCAD is now facing 1.2666 support. A breakdown below this level could signal resumption of the downtrend from 1.2916, then next target would be at 1.2600, followed by 1.2433. Near term resistance is at 1.2790, only break...
USDJPY stays below a falling trend line on the 4-hour chart and remains in downtrend from 114.73. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be...
AUDUSD’s upside movement from 0.7532 extended to as high as 0.7638. Further rise is still possible and next target would be at 0.7650. Above this level could take price to next resistance level at 0.7729. Near term...
GBPUSD is testing 1.3337 resistance, a breakout of this level could take price to 1.3470 area. Near term support is at the bottom support trend line on the price channel on the 4-hour chart. A clear break...
EURUSD is facing 1.1879 resistance. A breakout of this level could signal resumption of the uptrend from 1.1554, then next target would be at 1.2000, followed by 1.2092 (Sep 8 high). Near term support levels are at...
GBPUSD appears to have finally broke out of its consolidation pattern on the 4-hour chart. Price surged past the resistance of its descending triangle, indicating its intention to go for more gains. The chart pattern is approximately...
By Elliott Wave International ‘It’s the most wonderful time of the year,’ goes the famous holiday song. Except on Black Friday morning, that is, when a deadly stampede of shoppers at the big-name box store runs Granny...
USDCAD broke below the rising trend line on the 4-hour chart, indicating that the upside movement from 1.2666 had completed at 1.2836 already. Further decline to test 1.2666 support could be expected. A breakdown below this level...
