EURUSD’s upward movement from 1.0569 extended to as high as 1.0777. Near term support is at 1.0699, as long as this level holds, the fall from 1.0777 could be treated as consolidation of the uptrend and further...
Short term Elliott Wave view in INDU ( Dow) suggest that instrument is showing 5 swings sequence from 3/03 peak (21018) favoring more downside. From 3/03 peak INDU is following a Double three Elliott wave Structure , where Minor wave W...
The USD/JPY pair rallied during the day on Wednesday, as we continue to try to build support below. Ultimately, I think if we can break above the highs from the session on Wednesday, the market should then...
The USD/CAD pair broke higher during the day after oil markets tumbled. The 1.35 level should be resistance, but I think we will break above it given enough time. If we can break above there, we will...
The British pound fell slightly during the day on Wednesday after exploding to the upside on Tuesday. The 1.2750 level was a massive resistance barrier, and now that it’s broken, I’m looking for some type of supportive...
The EUR/USD pair pulled back just a bit during the trading session on Wednesday, but still looks bullish and overall the market has been grinding higher sense late December. Nonetheless, I think that it will be volatile...
The AUD/USD pair fell significantly during the day, testing the 0.75 level. There is a significant amount of support just below though, so if we do breakdown it’s going to be a difficult market to sell....
USDCAD moved above 1.3455 resistance and reached as high as 1.3490. Further rise could be expected after consolidation and next target would be at 1.3550 area. Support levels are at 1.3420 and 1.3380, as long as these...
USDJPY stays in the descending price channel on 4-hour chart and remains in downtrend from 112.19, the price action from 108.13 could be treated as consolidation of the downtrend. As long as the pair is in the...
AUDUSD is facing 0.7473 support, a breakdown below this level will confirm that the downtrend from 0.7749 has resumed, then the following downward movement could bring price to 0.7300 area. Near term resistance is at 0.7535, only...
