GBPUSD just bounced off resistance at the rising channel on its 1-hour forex chart and is currently testing the bottom of the range. At the same time, a bullish divergence is playing out, after stochastic made lower...
By Elliott Wave International If there’s one thing the Federal Reserve Board of the United States is not known for, it’s assertive language. After all the obfuscation and verbal sidestepping, Fed speak is usually as easy to...
USDCAD failed to break below 1.2352 support, indicating that the pair remains in uptrend from 1.1191 (Nov 21, 2014 low), and the price action from 1.2797 could be treated as consolidation of the uptrend. Sideways movement in...
No changed in our view, USDJPY is in downtrend from 120.47, the bounce from 118.23 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and the target would be at 116.50 area. Support...
AUDUSD is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line support will signal resumption of the downtrend from 0.8294 (Jan 15 high), then the following downward movement...
GBPUSD is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line support will indicate that the uptrend from 1.4950 had completed at 1.5551 already, then deeper decline to...
EURUSD broke below 1.1261 support, further decline to test 1.1097 support could be seen, a breakdown below this level will confirm that the downtrend from 1.2569 (Dec 16, 2014 high) has resumed, then the following downward movement...
The USD/JPY pair tried to break out to the upside during the session on Wednesday, but fell far enough to form a little bit of a shooting star. Ultimately though, the market looks like it’s ready to...
The USD/CAD pair initially fell during the course of the session on Wednesday, but found enough support at the 1.24 level to bounce and form a hammer. With that, the market looks like it’s ready to continue...
The GBP/USD pair broke out during the session on Wednesday, breaking above the 1.55 level. That being the case, the market looks like it’s ready to go higher and head to the 1.58 level. However, there is...
