GBPAUD has been on a strong climb recently and may have enough momentum to break past its symmetrical triangle resistance around 1.7200. The chart pattern spans 1.5900 to 1.7700 so the resulting uptrend could be of the...
FTSE Elliott Wave view suggests that Primary wave ((4)) ended with the decline to 7199.5. Up from there, rally is unfolding as an impulse Elliott Wave structure where Minor wave 1 ended at 7327.5 and Minor wave 2 ended...
The US dollar rallied significantly against the Japanese yen during the day on Tuesday, as we reached towards the 114 handle. I think there is a lot of noise between here and the 115 handle, so it’s...
The US dollar initially dipped lower against the Canadian dollar on Tuesday, but found enough support near the 1.2625 level to turn around and rally again. We have seen a significant move to the upside over the...
The British pound initially tried to rally during the day on Tuesday, but found the 1.3225 region to be too resistive again, as we have seen the market pull back from that level a couple of times...
The EUR/USD pair rallied a bit during the day on Tuesday, reaching towards the 1.1775 level. The market pulled back a little bit from there, but as the Americans came on board, we continue to see bullish...
The Australian dollar initially rallied on Tuesday, using the 0.78 level as support. The 0.7850 level above was resistance during the previous session, but we could even make it to that level. It look very bullish initially,...
GBPJPY has been trending higher on its short-term time frames, moving inside an ascending channel on its 1-hour chart. Price just bounced off resistance and could be due to test support at the 149.00 major psychological level....
The US dollar gapped higher against the Japanese yen at the open on Monday, as Abe won the elections easily in Japan, which of course is good for the Nikkei, and suggests that we are to continue...
The US dollar rallied against the Canadian dollar after initially dropping during the day on Monday. We have broken decidedly above the 1.26 level, and that being the case it’s likely that the market is ready to...
