The USD/CAD pair fell significantly during the session on Wednesday at the open, but the 1.27 level has been offering a bit of support. At this point, I would anticipate that the buyers may return to the...
The British pound went sideways during most of the session on Wednesday, hugging the 1.2850 level. The market is waiting to see with the Federal Reserve is thinking, and the Meeting Minutes could have a lot to...
The EUR/USD pair fell during the trading session on Wednesday, testing the 1.17 level underneath. This is an area that should continue to offer a bit of interest, but with the FOMC Meeting Minutes coming out, it’s...
The Australian dollar rallied significantly during the day on Wednesday, but found the 0.79 level above to be a bit resistant. Quite frankly, I think this will be and I selling opportunity unless we break above the...
USDCAD broke below 1.2650 support, indicating that the short term uptrend from 1.2413 had completed at 1.2778 already. Further decline to test 1.2413 previous low support is possible in the coming days. Resistance levels are at 1.2690...
USDJPY is in uptrend from 108.73, the fall from 110.94 could be treated as correction of the uptrend. Near term support is at 109.50, as long as this level holds, the uptrend could be expected to resume,...
AUDUSD broke above the top trend line of the price channel on its 4-hour chart, indicating that the downside movement from 0.8065 had completed at 0.7807 already. Further rally could be expected after a correction pullback and...
GBPUSD stays below a falling trend line on the 4-hour chart. As long as the price is below the trend line, the downtrend from 1.3267 could be expected to continue and next target would be at 1.2750...
EURUSD rebounded strongly to 1.1790 area after touching the key support at 1.1689. However, another fall to test this support level is still possible, a breakdown below this level will trigger another fall towards the bottom support...
Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave chart of SPX published in members area. In further text we’re going to explain the Elliott Wave count...
