AUDUSD broke above 0.7640 resistance, indicating that the downward movement from 0.7712 had completed at 0.7571 already. Further rally to test 0.7712 resistance could be expected in a couple of days. Support is at 0.7571, only a...
GBPUSD’s fall from 1.3029 extended to as low as 1.2830. Resistance is located at the descending trend line on its 4-hour chart. As long as the pair is below the trend line, the downward movement could be...
After consolidation, EURUSD broke above 1.1450 key resistance and continued its bullish movement from 1.1118. Further rise could be expected over the next several days and next target would be at 1.1600 area. Near term support is...
Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave chart of Nikkei (NKD #F) . In further text we’re going to explain our view and the Elliott...
Short term USDJPY Elliott Wave view suggests the pullback to 111.7 low on 6/29 ended Minor wave X. Up from there, wave Y is unfolding as an Elliott wave zigzag structure where Minute wave ((a)) ended at 113.68 and Minute wave ((b)) ended...
After breaking below the major support trend line from the January 27 low of 1180.51 to the May 9 low of 1214.17 on its daily chart, XAUUSD continued to break below the key support at 1214.17, confirming...
The US dollar rose against the Japanese yen at the beginning of the Asian session on Monday, but once the Europeans and the Americans came on board, it became very quiet. A lot of this may be...
The US dollar initially rallied against the Canadian dollar, but found a bit of resistance near the 1.2930 level. We rolled over there, which is interesting because it was previously supportive. However, later in the day we...
The British pound initially tried to rally against the US dollar on Monday, but found enough resistance near the 1.29 level, and therefore fell a bit. We found support at the 1.2850 level, but it looks as...
The EUR/USD pair continues to dance around the 1.14 level during the day on Monday, and should continue to do so today. The market doesn’t look like it’s ready to make much in the way of movement,...
