The EUR/USD pair slowly drifted a bit lower during the day on Tuesday, but we are above the uptrend line on the hourly chart that has been supportive for several sessions. The 1.18 level underneath should be...
The Australian dollar initially shot much higher during the day on Tuesday, but turned around at the 0.8050 region to fall below the 0.80 level again. This is an area that is important on charts going back...
USDCAD failed in its last two attempts to break below the 1.2400 area, creating a double bottom formation on its 1-hour time frame. Price has yet to break past the neckline at 1.2575 before confirming the potential...
USDCAD broke above the bearish trend line on its 4-hour chart and is now facing 1.2575 resistance. As long as this level holds, the price action in the trading range between 1.2413 and 1.2575 could be treated...
USDJPY remains in downtrend from 112.19, the rise from 109.91 could be treated as consolidation of the downtrend. As long as 110.90 resistance holds, the downtrend could be expected to continue and next target would be at...
AUDUSD moved sideways in a trading range between 0.7875 and 0.8065. As long as 0.7875 key support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7571, and further rise towards 0.8150 is...
GBPUSD remains in the uptrend from 1.2932. Further rise is still possible and next target would be at 1.3300 area. Support is at the rising trend line on the 4-hour chart, as long as the trend line...
EURUSD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 1.1312. As long as the price is in the channel, the uptrend could be expected to continue and next target...
Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave chart of OIL ( CL_F ) published in members area. In further text we’re going to explain the...
SPX500 move up from 3/27 (2322) low is proposed to be unfolding as a double three Elliott wave structure when rally to 6/19 (2453) completed wave W and dip to 6/29 (2405.74) completed wave X. Up from there, Index rallied...
