AUDUSD is now in uptrend from 0.7473. Further rise could be expected after a minor consolidation and next target would be at 0.7700 area. Support is at 0.7500, only break below this level could bring price back...
After touching 1.2557 resistance, GBPUSD pulled back to 1.2495, indicating that the pair remains in downtrend from 1.2615, and the price action from 1.2376 could be treated as consolidation of the downtrend. Deeper decline to test 1.2365...
Under pressure by 1.0689 resistance, EURUSD pulled back to 1.0610. Deeper decline to test 1.0569 support is possible. A breakdown below this level will indicate that the downtrend from 1.0905 has resumed, then next target would be...
Gold ( GC_F ) has been rallying since forming a low on 3/10 (1196). Rally from there is still incomplete and needs some more upside, so we were keep looking for buying any intraday dip in the...
Short term Elliott Wave view in Gold (XAUUSD) suggests that cycle from 4/10 low (1246.92) is unfolding as an impulse Elliott wave structure where Minutte wave ((i)) ended at 1257.2, Minutte wave (ii) ended at 1250.8, Minute wave (iii) ended at...
The USD/JPY pair did almost nothing during the day on Wednesday, as traders took a breather after the massive bearish candle that had formed on Tuesday. Because of this, it’s likely that the market will need to...
The USD/CAD pair fell during the session on Wednesday, crashing into the 1.3250 level. The market has been consolidating for some time, and the market looks as if it is trying to test that support area. If...
The GBP/USD pair initially rally during the day on Wednesday, but ran into a little bit of trouble at the psychologically important 1.25 handle. That’s not a huge surprise, it is an area where you would expect...
The EUR/USD pair had a slightly positive session on what would have been a basically quiet session during the Wednesday trading session. I believe that the market still has a lot of negative pressure on it though,...
The Australian dollar fell during the day on Wednesday, as the 0.75 level continues to offer resistance. It now looks as if we are going to try to reach towards the 50% Fibonacci retracement level below, at...
