Short term Elliott Wave view in Crude Oil (CL_F) suggests that cycle from 3/22 low (47.01) is unfolding as a double three Elliott wave structure where Minute wave ((w)) ended at 50.85 and Minute wave ((x)) ended at 49.88. Minute...
The USD/JPY pair tried to rally on Monday but gave back quite a bit of the gains. I think this market continues to consolidate between the 110 level on the bottom and the 112 level on the...
The US dollar went back and forth on Monday, as we continue to chop around the consolidation area that the market has been trading in for several weeks. I still believe that the US dollar has plenty...
The GBP/USD pair bounced during the session on Monday as the 1.2350 level held supportive. However, I think we are basically just bouncing around and overall consolidation, but the impulsive negative candle on Friday leads me to...
The EUR/USD pair fell initially during the day on Monday but turned around to form a supportive candle. The 1.06 level above continues to offer resistance though, so it’s likely that we will continue to see choppiness....
The AUD/USD pair had a choppy session on Monday as we bounced around below the 0.75 handle. This is an area that has a significant amount of support attached to it though, and therefore it’s not surprising...
USDCAD is now in downtrend from 1.3455. Further decline could be expected in a couple of days and next target would be at 1.3200 area. Resistance is at 1.3380, as long as this level holds, the downtrend...
USDJPY continued its sideways movement in a range between 110.11 and 112.19. Resistance is at 112.19, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 115.50 and further...
AUDUSD remains in downtrend from 0.7679. Further decline could be expected after a minor consolidation and next target would be at 0.7400 area. Near term resistance is at the descending trend line on 4-hour chart, as long...
GBPUSD broke out below the lower line of the triangle pattern on 4-hour chart, indicating that the upward movement from 1.2109 had completed at 1.2615 already. The pair is now in downtrend, further decline could be expected...
