The British pound has rallied significantly during the trading session on Monday, breaking above the 1.43 level. That level has been significant resistance in the past, so the fact that we have broken above there suggests that...
The EUR/USD pair has rallied significantly during the trading session on Monday, reaching towards the 1.24 level, an area that will more than likely cause a bit of resistance as it is a large, round, psychologically significant...
The Australian dollar has been very choppy during trading on Monday initially, but it does look like we are going to continue to try to go higher. The 0.78 level above will be the initial target, but...
EURAUD recently broke below its head and shoulders neckline to confirm that a downtrend is underway. Price is pulling up to this broken resistance for a retest, and holding as resistance could send the pair down to...
Rising Geopolitical Tension between U.S. and Russia The geopolitical tension between the United States and Russia escalated rapidly in the past two weeks. Two weeks ago, the U.S. Treasury Department announced fresh sanctions against Russian oligarchs and...
EURUSD has formed lower highs and higher lows to create a symmetrical triangle on its 4-hour time frame. Price is approaching the peak of the formation so a breakout could be due soon. Note that the chart...
AUDUSD is trending lower on its 4-hour time frame and is currently on its way to the resistance. Applying the Fib retracement tool on the swing high and low shows that this lines up with the 50%...
USDCAD Short Term Elliott Wave view suggests that the decline from 3/19 high (1.313) is unfolding as a 5 waves impulse Elliott Wave structure. Down from 1.313, Minor wave 1 ended at 1.2819, Minor wave 2 ended at...
Hello Fellow Traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURNZD published in members area of the website. We’re going to explain the forecast and Elliott Wave...
New U.S. Sanctions Hurt Russia’s Ruble and Benchmark Index Last Friday, as part of the U.S. effort to punish Moscow for “malign activity around the globe”, the U.S Treasury Department targeted numerous Russian oligarchs, officials, and companies...
