CAC40 Draws Closer to Triangle Resistance
The CAC40 (FR40) continues to advance inside of an ascending triangle. As price nears resistance, point and figure charts can be used to help determine the markets direction.
EUR/USD Breaks Lower Under Support
The EUR/USD has already declined 61 pips in early morning trading. Learn today’s trading values with the Chart of the Day!
USDollar Attempts a Fresh Bearish Breakout
The USDollar is attempting to breakout lower for the first time in 8 trading sessions. Learn today’s trading values with the Chart of the Day!
CAC40 Continues to Consolidate
The CAC40 is nearing support of a 128 point range. Learn more about the Index with the Chart of the Day!
3 Different EUR/USD Elliott Wave Counts Point to 150 Pip Bounce
EUR/USD sold off on the heels of the FOMC monetary statement. Forex technical analysis using Elliott Wave Theory suggests a higher likelihood of a 150 pips increase.
EUR/USD Finds Resistance Ahead of FOMC
The EUR/USD has stalled at resistance ahead of today’s FOMC event. Traders will continue to watch the news, to determine the pairs direction.
GBP/JPY Highest Volume Day in 5 Years Kicks Off Elliott Wave 3
Using Elliott Wave Theory we can assess the location of the current trend. It appears the GBPJPY may have carved a medium term top.
CAC40 Prepares for an Inside Bar Breakout
After breaking out to a new monthly high, the CAC40 is consolidating today with an inside bar. Learn to trade this pattern with the Chart of the Day!
EUR/USD Post-ECB Support
The EURUSD is consolidating this morning after yesterday’s 252 pip decline. Learn today’s trading values with the Chart of the Day!
Price & Time: EUR/USD The Real Deal?
Timing coming up for EUR/USD. The pair is facing now the 38% retracement level of Fibonacci from the March to August Movement.