AUDUSD remains in uptrend from 0.7371, the pullback from 0.7635 is likely consolidation of the uptrend. Key support is at 0.7519, as long as the pair is above this level, the uptrend could be expected to continue,...
GBPUSD remains in the downtrend from 1.3047, the bounce from 1.2634 could be treated as consolidation of the downtrend. Range trading between 1.2634 and 1.2850 would likely be seen in a couple of days. As long as...
EURUSD is forming sideways movement in a trading range between 1.1109 and 1.1295. As long as 1.1109 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), and another...
Short term GBPJPY Elliott Wave view suggests the decline from 5/10 high shows a 5 swing sequence, thus favoring more downside. Decline from 5/10 high is unfolding as a double three Elliott Wave structure. Down from 5/10 peak (148.11), Minor wave...
USDJPY stays below the bearish trend line from 111.71 to 110.81 with resistance at around 110.20 on its 4-hour chart, suggesting that the pair remains in bearish movement from the May 11 high of 114.36. As long...
The US dollar fell precipitously during the session on Wednesday, as we guide very poor numbers coming out the United States. However, there is an interest rate decision coming out later in the day, and the wording...
The US dollar fell against the Canadian dollar again during the session on Wednesday, breaking below the 1.32 level. However, there are a lot of concerns when it comes to betting against the US dollar when it...
The British pound was volatile during the day on Wednesday as we continue to slice around the 1.2750 region. We broke above the 1.28 level, which is a bullish sign but I think a lot of what...
The EUR/USD pair shot like a rocket into the stratosphere after less than impressive US numbers came out during the early New York trading. However, the 1.13 level is offering a bit of resistance as I record...
The Australian dollar exploded to the upside during the day on Wednesday, in anticipation of the Federal Reserve meeting announcement. While an interest rate hike is expected out the United States, the market is starting to bet...
