EURUSD’s bullish movement from 1.1118 extended to as high as 1.1445, facing the important resistance level of 1.1450. If the price breaks and settles above this level, it would trigger a long term bullish movement towards 1.2700....
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 where Minute wave ((i)) ended at 124.46...
Being supported by the 20-weekly moving average on its weekly chart, the GBPUSD pair rebounded from 1.2589, suggesting that lengthier consolidation for the long term downtrend from the July 2014 high of 1.7190 is needed. Let’s look...
The US dollar was very volatile against the Japanese yen. The 112 level looks very likely to offer support, so as long as we can stay above there, the market should then go to the 112.50 level....
The US dollar collapsed against the Canadian dollar during the day on Wednesday, as oil markets rallied. Having said that, it was a bit of a mixed signal when it comes to oil and I think part...
The British pound went sideways during the session on Wednesday, but then exploded to the upside as Mark Carney suggested that the Bank of England would have to raise rates if the global economy starts to heat...
The EUR/USD pair initially tried to rally during the session on Wednesday, but then fell significantly towards the 1.13 level below. We bounced significantly from there, as this volatility was caused by a random tweet coming across...
The AUD/USD pair initially tried to rally on Wednesday, but found enough resistance near the 0.7625 handle to turn around and drop towards the 0.7580 level. We bounce from there again though, and then reached towards the...
EURGBP continues to trend higher after breaking past a major range resistance visible on its longer-term charts. On the 1-hour time frame, it can be seen that the pair is moving inside an ascending channel formation and...
USDCAD’s bearish movement from 1.3347 extended to as low as 1.3012. Near term resistance is at 1.3080, as long as the pair is below this level, the bearish movement could be expected to continue and further decline...
