USDJPY broke above 109.90 resistance, suggesting that the short term downtrend from 111.71 had completed at 109.11 already. Further rally would likely be seen in a couple of days and next target would be at 111.00, a...
AUDUSD’s bullish movement from 0.7371 extended to as high as 0.7566. Further rise is still possible after consolidation and next target would be at 0.7650 area. Near term support is at 0.7500, as long as this level...
GBPUSD broke above the resistance of the rising trend line on its 4-hour chart, suggesting that the pair is in short term uptrend from 1.2769. Further rise towards 1.3047 previous high would likely be seen in a...
EURUSD remains in short term uptrend from 1.1109, as long as 1.1200 support holds, the pullback from 1.1285 could be treated as correction of the uptrend. Further rise could be expected after the correction pullback and a...
Short Term Elliott Wave view in AUDUSD suggests the rally from 5/9 low is unfolding as a double three Elliott Wave structure. Up from 5/9 (0.7325) low, Minute wave ((w)) ended at 0.7517 and Minute wave ((x)) ended at 0.7368. Pair has...
After touching the ascending trend line from the January 27 low of 1180.51 to the March 10 low of 1194.94 on its daily chart, XAUUSD rebounded strongly from 1214.17 and the pair is now facing 1295.44 resistance....
The US dollar fell significantly against the Japanese yen on Tuesday, slicing through the 110 level, and now looks very vulnerable to further downward pressure. The 110 level should now offer resistance, and I believe that the...
The USD/CAD pair initially dropped on Tuesday, but found enough support at the 1.3450 level to bounce. We found resistance at the 1.3490 level after that, and have simply gone back and forth cents. This is not...
The GBP/USD pair initially tried to rally on Tuesday, but turned around at the 1.2950 level to fall back below the 1.29 handle. However, when I look at the market over the last several sessions, it appears...
The EUR/USD pair initially tried to rally during the session on Tuesday, but found enough resistance near the 1.1280 level to turn things back around. We then bounced off the 1.1240 level. The market continues to look...
