The US dollar rallied significantly against the Japanese yen during the day on Tuesday, as we reached towards the 114 handle. I think there is a lot of noise between here and the 115 handle, so it’s...
The US dollar initially dipped lower against the Canadian dollar on Tuesday, but found enough support near the 1.2625 level to turn around and rally again. We have seen a significant move to the upside over the...
The British pound initially tried to rally during the day on Tuesday, but found the 1.3225 region to be too resistive again, as we have seen the market pull back from that level a couple of times...
The EUR/USD pair rallied a bit during the day on Tuesday, reaching towards the 1.1775 level. The market pulled back a little bit from there, but as the Americans came on board, we continue to see bullish...
The Australian dollar initially rallied on Tuesday, using the 0.78 level as support. The 0.7850 level above was resistance during the previous session, but we could even make it to that level. It look very bullish initially,...
By Elliott Wave International If there’s ever been a time to resist the impulse to follow the investing crowd, now is that time. Large speculators are making a bet that’s four times larger than what they made...
GBPJPY has been trending higher on its short-term time frames, moving inside an ascending channel on its 1-hour chart. Price just bounced off resistance and could be due to test support at the 149.00 major psychological level....
USDCAD continued its bullish movement from 1.2061 and the rise extended to as high as 1.2692. Near term support is at 1.2530, followed by 1.2433, as long as these levels hold, further rise could be expected and...
USDJPY remains in the uptrend from 111.65, the fall from 114.09 is likely consolidation of the uptrend. Near term support is at 113.24, followed by the bullish trend line on the 4-hour chart. As long as the...
AUDUSD broke below 0.7732 support, indicating that the downtrend from 0.8124 has resumed. Further decline could be expected in the coming days and next target would be at the resistance-turned-support trend line on the weekly chart now...
