AUDUSD’s downward movement from 0.7749 extended to as low as 0.7439. Further decline could be expected in a couple of days and next target would be at 0.7400 area. Resistance is at 0.7540, only break above this...
GBPUSD broke above 1.2904 resistance, indicating that the uptrend from 1.2365 has resumed. Further rise could be expected in a couple of days, and next target would be at 1.3000 area. Key support is located at the...
EURUSD moved sideways in a trading range between 1.0820 and 1.0950. As long as 1.0820 support holds, the sideways move could be treated as consolidation of the uptrend from 1.0569, and another rise to 1.1000 area could...
Short term Elliott Wave view in USDCAD suggest the decline to 1.322 ended Intermediate wave (X). The rally from there is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ended at 1.3525 and Minute wave ((x)) ended at...
The USD/JPY pair broke higher during the day on Wednesday as we continue to see quite a bit of buying pressure. This was in reaction to stock markets going higher and we now are finding the market...
The USD/CAD pair initially tried to rally during the session but continues to find the 1.36 level to be far too resistive. Because of this, looks like we are to pull back a little bit as oil...
The British pound continues to grind sideways just above the 200-day exponential moving average and the previous resistance at the 1.2750 level. However, this candle looks a little bit more bullish than the others, and therefore...
The EUR/USD pair initially tried to rally during the day on Wednesday but fell below the 1.09 level again. There is a gap below that should offer support, but quite often these markets tried to fill these...
The Australian dollar fell significantly during the session on Wednesday, breaking down to the 50% Fibonacci retracement level. It is in this area that one would expect some type of support to appear, but as I record...
USDCAD has formed higher lows on its 4-hour time frame, moving above a new ascending trend line connecting the lows since mid-February. Price found resistance at the 1.3650 minor psychological level and seems to be in the...
