The GBP/USD pair fell significantly during the day on Thursday, as the Bank of England suggested that interest rates are going to behind anytime soon. Because of this, it looks as if the market is going to...
The EUR/USD pair rallied during the day on Thursday, as we continue to see strength in this market. However, we are getting a bit overextended and I think that the market may be susceptible the downward pressure....
The Australian dollar initially fell during the Thursday session but found a bit of support near the 0.79 level, a key support level on the longer-term charts. The market looks as if it is trying to build...
AUDJPY staged a strong rally recently but appears to be topping out at the 89.00 area. A correction could be due before this pair heads any further north, and applying the Fibonacci tool on the latest swing...
USDCAD’s bounce from 1.2413 extended to as high as 1.2618. Further rally could be expected in a couple of days and next target would be at 1.2690, followed by 1.2740. Support is at 1.2413, only a breakdown...
USDJPY’s bearish movement from 114.49 extended to as low as 110.98. Resistance is at 110.98, as long as this level holds, the downside movement could be expected to continue and next target would be at 109.00 area....
AUDUSD stays in a trading range between 0.7875 and 0.8065. As long as 0.7875 key support holds, the price action in the range could be treated as consolidation of the uptrend from 0.7571 and another rise towards...
GBPUSD broke below the ascending trend line on its 4-hour chart, indicating that the short term uptrend from 1.2932 had completed at 1.3267 already. Deeper decline could be expected and next target would be at 1.3000 area....
EURUSD remains in the uptrend from 1.1312, the pullback from 1.1908 could be treated as consolidation of the uptrend. Near term support is at the bottom trend line of the price channel on its 4-hour chart. As...
In this Technical blog we are going to take a quick look at the past 1 hour Elliott Wave performance of Dow E-Mini Future (YM_F ) cycle from June 19 peak, which we presented to our clients. We are going...
