GBPJPY Short Term Elliott Wave suggests that the decline to 8/23 low at 139.27 ended Minor wave W. Minor wave X bounce is currently unfolding as a double three Elliott Wave Structure. Minute wave ((w)) of X ended at...
The US dollar exploded to the upside on Tuesday against the Japanese yen, and then continued that bullish pressure on Wednesday. We are now clear the 110 handle, and it looks a very likely to continue to...
The USD/CAD pair initially fell during the session on Wednesday, but found the 1.25 level to be supportive enough to turn the market around. Because of this, I think that the explosive moved to the upside signals...
The British pound has gone sideways overall during the session on Wednesday, in a consolidated and messy manner. I believe that ultimately the British pound will continue to fall, and that the recent rally has been more...
The EUR/USD pair fell on Wednesday, as we are reaching towards the 1.19 level. That’s an area that should be supportive, but if we break down below there I think there’s even more support near the 1.18...
The Australian dollar has been sold off rather aggressively during the session on Wednesday, as the sellers stepped in just below the 0.80 level. Now that we are approaching the 0.79 handle, it is likely that we...
USDCAD seems to be done with its selloff as price is forming a double bottom pattern on its 4-hour time frame. This classic reversal signal could be confirmed once price breaks past the neckline resistance at the...
USDCAD failed to break below 1.2413 support and rebounded strongly to 1.2650. Further rise to test 1.2778 resistance is possible in the coming days. Support is at 1.2545, only break below this level could trigger another fall...
USDJPY failed to break below 108.13 (Apr 17 low) support and rebounded strongly from 108.26. The pair is now facing 110.94 key resistance. A breakout of this level will indicate that the downside movement from 114.49 had...
AUDUSD is facing 0.7866 support, a breakdown below this level could indicate that the uptrend from 0.7807 had completed at 0.7995 already, then the following downside movement could bring price to 0.7700 area. On the upside, as...
