The AUD/USD pair initially tried to rally during the day on Wednesday, but found far too much in the way of resistance near the 0.7750 level, turning things back around to form a bit of a shooting...
EURAUD formed a double top pattern on its 4-hour chart recently, signaling that price is exhausted from its climb. The pair just broke below the neckline of the chart formation, confirming that a reversal is bound to...
The USD/JPY pair broke higher during the course of the session on Monday, clearing the 123 handle. With that being the case, we feel that the market will probably try to work its way back towards the...
The USD/CAD pair initially fell during the day on Monday, but found enough support near the 1.22 level to turn things back around and form a positive candle. The positive candle suggests that we are going to...
The GBP/USD pair broke out a few sessions ago as we cleared the 1.58 handle. On Monday, we pulled back to find support at that previous resistance barrier, something that you would expect if you use technical...
The EUR/USD pair fell during the day on Monday, but continues to find plenty of support. We believe that ultimately that this market breaks out to the upside but it has to clear the 1.15 level to...
The AUD/USD pair fell during the course of the session on Monday, testing the 0.77 level. This is an area that has been supportive in the past, so it’s not a big surprise if we were to...
EURUSD has been consolidating inside a rising wedge pattern for the past few weeks and is recently showing signs of a breakdown. Price is trading below the 1.1300 handle and may be in for around 200 pips...
EURCHF is trending higher on its 4-hour time frame, with price testing support at the bottom of the rising channel around the 1.0400 major psychological level. Stochastic is indicating oversold conditions and is starting to move higher,...
By Elliott Wave International Fibonacci is the mathematical basis of the Wave Principle. You will often find that Elliott waves correct in terms of Fibonacci ratios. The following article explains what you can expect when a market...
