AUDUSD broke above 0.9496 previous high and pulled back from 0.9541. Further fall to test 0.8953 previous low support is still possible, and a break of 0.9205 level will confirm such case. Key resistance is at 0.9541,...
GBPUSD traded in a range between 1.9599 and 2.0193 for several weeks and is in consolidation to the down trend. As long as 2.0193 resistance holds, we’d expect down trend to resume and deeper decline to test...
EURUSD formed a cycle top at 1.6019 and dropped sharply to as low as 1.5554. Deeper decline is possible to retest 1.5342 long term key support after consolidation, a break of this level will signal the reversal...
Yesterday, the Greenback spent most of the trading day with bullish momentum against the majority of its currency pairs and crosses. The USD gained almost 0.9% and closed trading around 1.5850 vs. the EUR after it previously...
In the 1930s, Ralph Nelson Elliott, a corporate accountant by profession, studied price movements in the financial markets and observed that certain patterns repeat themselves. He offered proof of his discovery by making astonishingly accurate stock...
The U.S. economy is facing fresh difficulties that will probably further dampen the national currency. Yesterday, the greenback tumbled to fresh lows trading as low as 1.6022 vs. the EUR after the European Central Bank policy makers...
USDCAD is in down trend. Further fall to test 0.9709 previous low support is still in favor and a break of 0.9987 level will confirm such case. Key resistance is at 1.0378, only break of this level...
USDCHF is forming a sideways consolidation. Deeper decline to test the price channel support could be seen. As long as 0.9870 support holds, we’d expect up trend to resume and further rise towards 1.0500 area to reach...
USDJPY might be forming a cycle top at 104.64 on daily chart. Initial support is at the rising price channel and key support is at 100.02, a break of this level will confirm the cycle top and...
AUDUSD breaks above 0.9496 previous high. Further rise to 0.9600 area to reach the next cycle top on daily chart is still possible in the next several days. Near term support is at the up trend line...
