AUDUSD continued its bullish movement from 0.7328 and the rise extended to as high as 0.7834. Further rise is still possible after a minor consolidation and next target would be at 0.8000 area. Support is now located...
GBPUSD broke above 1.3047 resistance, indicating that the uptrend from 1.1987 has resumed. Further rise could be expected in a couple of weeks and next target would be at 1.3500 area. Support is at 1.2811, only a...
EURUSD is testing the key resistance at 1.1450. A clear break above this level will confirm the double bottom pattern on the weekly chart, then the following long term bullish movement could bring price into 1.2700 zone....
The US dollar fell significantly against the Japanese yen during the session on Friday as less than stellar economic announcements came out of the United States. By slicing through the 113 level, now looks as if we’re...
The US dollar went sideways initially during the session on Friday, but then collapsed after fairly weak inflationary numbers came out of the United States. This only exacerbates the differential between bonds in the US and Canada,...
The British pound went sideways initially during the day on Friday, but then sliced through the 1.30 level, and then eventually the 1.3050 level, an area that I have been calling major resistance recently. I believe that...
The EUR/USD pair ground a little bit higher during the session on Friday, but then eventually broke out with more momentum, slicing through the 1.1450 level. The market now looks as if it’s turning this attention to...
The Australian dollar went higher in slow-motion during the day initially, but then exploded to the upside as the inflationary numbers of the United States were weaker than anticipated. Because of this, the Australian dollar broke above...
Short term NIFTY Elliott Wave view suggests the rally to 9709.3 ended Intermediate wave (1), and the pullback to 9449.06 low ended Intermediate wave (2). Rally from there could be unfolding as an Elliott wave Zigzag structure where Minor wave A...
EURUSD recently broke to the upside of a symmetrical triangle pattern then zoomed up close to the 1.1500 handle before pulling back. Price is retesting the broken triangle resistance which might now hold as support. Applying the...
