EURUSD moved sideways in a narrow range between 1.1574 and 1.1661 after breaking below the key support level at 1.1662 (Aug 17 low). The range trading is likely consolidation of the downtrend from 1.1879. As long as...
USDCNH recently broke below the bullish price channel on the 4-hour chart, suggesting that the short term uptrend from 6.5555 had completed at 6.6635 already. Further decline would likely be seen over the next several days. The...
The US dollar rallied against the Japanese yen during the trading session on Tuesday, but found the 113.50 level to be too resistive to continue going higher. It looks as if we are going to roll over...
The US dollar went sideways during the session on Tuesday, before shooting towards the 1.29 level. The market is in an uptrend, so I like buying dips as they appear. If we can break above the 1.29...
The British pound went sideways initially during the day on Tuesday, but then shot much higher, reaching towards the 1.3250 level. If we can make a fresh, new high, there’s no reason to think that we won’t...
The EUR/USD pair has chop around during the session on Tuesday as we continue to hover just above the 1.16 level. The market has recently broken through the neckline of the head and shoulders on the daily...
The Australian dollar fell rather hard during the Tuesday session, but continues to find buyers near the 0.7650 region. Because of this, I think we are going to see a lot of noise in the market, especially...
By Elliott Wave International In this new interview with Jeffrey Kennedy, the editor of our Commodity Junctures & Trader’s Classroom services, he offers a few trading tips for those who are newer to the Wave Principle and...
USDCAD failed in its attempt to break below the bullish trend line on the 4-hour chart and is now facing 1.2916 resistance. A breakout of this level could signal resumption of the uptrend from 1.2450, then next...
USDJPY’s fall from 114.45 had completed at 112.95 already. The subsequent bounce would possibly be resumption of the uptrend from 111.65. Further rise to test 114.45 resistance could be expected, a breakout of this level could trigger...
