The British pound rallied during the day after initially falling on Friday, as we had first tested the 1.31 handle for support, founded, and then rallied towards the 1.32 handle above. I believe that the 1.3250 level...
The EUR/USD pair broke down significantly during the day on Friday, driving down towards the 1.1775 handle. The US looks likely to have a reasonably hawkish Federal Reserve Chairman going into the future, and it makes sense...
The Australian dollar got hammered during the Friday trading session, dropping almost immediately, rallying a bit, and then breaking down again as the Americans came on board. Most of this would’ve been due to the finalists in...
GBPAUD recently dropped below the descending triangle support at 1.6800, signaling that further losses are in the cards. Price bounced off the 1.6700 area and might be due for a correction to the broken support. Applying the...
USDCAD is facing the key support at 1.2433. A breakdown below this level will indicate that the upside movement from 1.2061 had completed at 1.2598 already, then the following downside movement could bring price back to next...
USDJPY failed in its attempt to breakout of 113.43 resistance and stays in a trading range between 111.47 and 113.43. Lengthier sideways movement would likely be seen in the coming days. As long as 111.47 key support...
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.7732. As long as the price is above the trend line, the upside movement could be expected to continue and...
GBPUSD failed to breakout of the support-turned-resistance trend line on the 4-hour chart and extended its downside movement from 1.3337 to as low as 1.3131. Further decline could be expected after a minor consolidation and a breakdown...
EURUSD is facing 1.1879 resistance, above this level could signal resumption of the uptrend from 1.1669, then further upside movement towards 1.2029 could be seen. Support levels are at 1.1800 and 1.1669, only break below these levels...
By Elliott Wave International Many investors see almost no risk in the stock market. Indeed, they are betting to a record degree that the stock market will continue to rise. In EWI’s view, here’s what this extreme...
