The British pound fell apart during the session on Friday as we got word of the British parliamentary election results. The conservative party losing a few seats certainly did nothing to instill confidence in the British economy...
The EUR/USD pair fell initially during the day on Friday, but then bounced above the 1.12 level only to find a significant amount of selling pressure. That being the case, we dropped again and made a fresh...
The Australian dollar gapped lower at the open on Friday, and continued to grind sideways after that. We have filled the gap since then, so I think we can continue to go higher if given the opportunity....
USDCAD is testing the support of the bullish price channel on its daily chart. A clear break out of the channel support will indicate that the uptrend from 1.2968 had completed at 1.3793 already, then deeper decline...
USDJPY’s fall from 114.36 extended to as low as 109.11. Near term resistance is at the top trend line of the price channel on its daily chart. As long as the channel resistance holds, the fall could...
AUDUSD’s bounce from 0.7328 extended to as high as 0.7566. Further rise could be expected in a couple of weeks and next target would be at around 0.7700. Support is at 0.7450, only a breakdown below this...
GBPUSD broke below 1.2756 key support, indicating that the upside movement from 1.2109 had completed at 1.3047 already. Further decline could be expected and next target would be at 1.2300 area. Resistance levels are at 1.2870 and...
EURUSD’s bullish movement from 1.0569 extended to as high as 1.1285. Near term support is at the ascending trend line on its daily chart. As long as the pair is above the trend line, the bullish move...
NZDJPY could be in for a long-term climb as it broke past the neckline of its double bottom pattern on the daily time frame. Price was unable to break below the 75.00-75.50 area in its last two...
Revised short term AUDUSD Elliott Wave view suggests the rally from 5/9 low is unfolding as a leading diagonal Elliott Wave structure. Up from 5/9 (0.7325) low, Minute wave ((i)) ended at 0.7517, Minute wave ((ii)) ended at 0.7368, and Minute...
