The British pound found some pressure to the downside during the session on Friday, but quite frankly this has been in an explosive moved over the last couple of sessions, so a pullback is healthy. If we...
The EUR/USD pair pulled back slightly during the day on Friday, as one would expect as we had gotten overextended. A pull back the show signs of support should be a buying opportunity though, and that’s exactly...
The Australian dollar rallied initially during the day, testing the 0.77 level above. We pulled back though, and now looks like the 24-hour exponential moving average is trying to offer dynamic support that should push the market...
Short term EURJPY Elliott Wave view suggests the decline to 122.35 on 6/15 low ended Intermediate wave (X). Rally from there is unfolding as an impulse Elliott Wave structure with extension. This 5 wave move could be a wave A of...
Short term Elliott wave view in USDX suggest that the cycle from 6/20 peak (97.88) is unfolding as an impulsive Elliott wave structure . This 5 wave move could be a wave A of an Elliott wave zigzag structure structure or a wave C...
The ascending channel on Cable’s daily time frame is still intact and price is heading towards the resistance around 1.3400. A countertrend opportunity could arise if reversal candlesticks form around this area. In that case, a move...
USDCAD continued its downward movement from 1.3347 and the fall extended to as low as 1.2971, facing the important support level of 1.2968 (Jan 31 low). Near term resistance is at 1.3045, as long as this level...
USDJPY stays in an ascending price channel on its 4-hour chart, and remains in uptrend from 108.81. As long as the price is in the channel, the fall from 112.92 could be treated as consolidation of the...
AUDUSD continued its bullish movement from 0.7535 and the rise extended to as high as 0.7712. Near term support is now at 0.7645, as long as this level holds, the uptrend could be expected to continue and...
GBPUSD’s upward movement extended to as high as 1.3029 and is now facing 1.3047 resistance. Further rise could be expected after a minor consolidation and next target would be at 1.3200 area. Near term support is at...
