Short Term Elliott Wave view in SPX suggests the rally from 3/27 low (2322.2) is unfolding as a leading diagonal Elliott Wave structure where Minute wave ((i)) ended at 2378.36, Minute wave ((ii)) ended at 2328.95, Minute wave ((iii)) ended at 2398.16, and Minute wave...
The USD/JPY pair had a volatile session on Monday, as we initially gapped higher, and then turned around to fall rather significantly. However, about halfway through the session we formed a nice-looking hammer on the hour chart,...
The USD/CAD pair rallied significantly during the day on Monday, as oil markets fell apart. In fact, we tested the 1.37 level, but found resistance in that area. I believe that we could get a bit of...
The British pound had a volatile session on Monday, as we chopped around above the 1.2950 level initially, and then broke lower. Because of this, I believe that the market is probably going to pull back towards...
The EUR/USD pair fell on Monday, as results of the French election came in. Initially, we gapped above the 1.10 level, but it became a “buy the rumor, sell the fact” type of trade. The market even...
The Australian dollar fell a bit during the session on Monday, as we initially gapped down, and then started falling. However, we bounced to test the area we gap down from, and then rolled over again. As...
NZDUSD could be in for a reversal from its selloff as the pair formed a double bottom pattern on its 1-hour chart. Price still has to test and breakout from the neckline at the .6960 level before...
USDCAD is now in downtrend from 1.3793. Further decline could be expected and next target would be at 1.3550 area. Resistance levels are at 1.3740 and 1.3793, only break above these levels could trigger another rise towards...
USDJPY failed to break below the support of the price channel on 4-hour chart and continued its upward movement from 108.13. As long as the pair remains in the channel, the upward movement could be expected to...
After consolidation, AUDUSD continues its downward movement from 0.7555 and the fall extended to as low as 0.7354. Near term resistance is now at 0.7426, as long as this level holds, the downward movement could be expected...
