The AUD/USD pair broke out during the session on Tuesday, clearing the 0.75 level. Now that we have done that, the market has turned around to test that area and show signs of support, and because of...
EURNZD seems to be ready to head further south as it formed a head and shoulders pattern on its 1-hour chart. Price has yet to break below the neckline at 1.5650 before confirming that further losses are...
USDCAD moved sideways in a trading range between 1.3387 and 1.3540. As long as 1.3540 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3793, and further decline towards...
USDJPY broke below 110.23 support and continued its downward movement from 114.36. Further decline to test 108.13 (Apr 17 low) support is possible after a minor consolidation. Near term resistance is at 109.90, only a break of...
AUDUSD broke above 0.7517 resistance. Further rise is still possible in a couple of days and next target would be at around 0.7550. Near term support is at 0.7457, only a breakdown below this level could signal...
GBPUSD’s bounce from 1.2769 extended to as high as 1.2949. However, the bounce would possibly be correction of the downtrend from 1.3047. As long as the pair is below the ascending trend line on its 4-hour chart,...
EURUSD remains in uptrend from 1.1109. Further rise could be expected after a minor consolidation and next target would be at 1.1450 area. Near term support is at 1.1200, only a breakdown below this level could take...
HG#F (Copper) is showing 5 swings incomplete sequence from 2/13/2017 high, preferred Elliott wave view suggests rally to 2.619 completed 6th swing as a FLAT in wave (B) and metal has now resumed the decline in 7th...
Short term Elliott wave view in NZDUSD suggest that the cycle from 5/11 low (0.6816) is unfolding as an impulsive Elliott wave structure . This 5 wave move could be a wave C of a FLAT correction or wave A of an Elliott wave zigzag structure structure. In either...
After touching the bottom support trend line of the price channel on the weekly chart, USDCNH rebounded strongly from 6.7210 to 6.7918, indicating that a short term bottom had been formed. Will the downtrend continue? There is...
