The GBP/USD pair broke higher during the session on Thursday, clearing the 1.70 handle again. That area is a major support and resistance level, so it’s interesting that we managed to climb back above again. We are...
The EUR/USD pair fell during the session on Thursday, but you can see found enough support to bounce and form a hammer. This hammer suggests that we are experiencing quite a bit of buying pressure, and it...
The AUD/USD pair did very little during the session on Thursday, as we continue to grind sideways. Because of this, we feel that the market is essentially trying to build up enough momentum to break out, and...
By Elliott Wave International Editor’s Note: Below you will find a sneak peek from the just-published issue of Robert Prechter’s Theorist. It provides you an opportunity to see some of the research, analysis and forecasts that Elliott...
USDCAD’s downward movement from 1.0960 extended to as low as 1.0679. Resistance is now at 1.0735, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0600 area....
USDCHF is facing 0.8907 support, a breakdown below this level will confirm that the uptrend from 0.8703 (May 8 low) had completed at 0.9036 already, then next target would be at 0.8800 area. Near tern resistance is...
USDJPY broke below 101.60 support and continued its downward movement from 102.79, and the fall extended to as low as 101.31. Further decline is still possible, and next target would be at 100.00 area. Resistance is now...
AUDUSD is facing 0.9444 resistance, a break above this level will signal resumption of the uptrend from 0.9208, then next target would be at 0.9500 area. Key support is at 0.9321, only break below this level will...
GBPUSD is facing 1.7062 resistance, a break above this level will signal resumption of the uptrend from 1.6692, then next target would be at 1.7200 area. Key support is at 1.6921, only break below this level will...
EURUSD remains in short term uptrend from 1.3512, as long as 1.3564 support holds, the uptrend could be expected to continue, and another rise to test 1.3676 resistance is still possible. Only break below 1.3564 support will...
