Short term Elliott Wave view in EURJPY suggests that cycle from 3/12 peak (122.89) is unfolding as a double three Elliott wave structure where Minor wave W ended at 119.28 and Minor wave X ended at 120.45. Minor wave...
USDCAD recently broke out of its range and reached the 1.3450 minor psychological resistance before pulling back down to the broken resistance. Applying the Fib tool on the latest swing low and high shows that the 38.2%...
USDCAD’s bounce from 1.3264 extended to as high as 1.3455. The subsequent fall from 1.3455 is likely resumption of the downtrend from 1.3535. Deeper decline to test 1.3264 support is possible in a couple of days. Resistance...
USDJPY is facing 110.11 support, a breakdown below this level will indicate that the downtrend from 115.50 has resumed, then next target would be at 108.00 area. On the other side, as long as 110.11 support holds,...
AUDUSD broke below 0.7587 support, indicating that the downtrend from 0.7749 has resumed. Further decline would be expected and next target would be at 0.7500 area. Near term resistance is located at the descending trend line on...
GBPUSD broke below the support of the ascending trend line on 4-hours chart, indicating that the downtrend from 1.2615 has resumed. Further decline could be expected in a couple of days, and next target would be at...
EURUSD remains in downtrend from 1.0905, the rise from 1.0635 is likely consolidation of the downtrend. Resistance is at 1.0705, as long as this level holds, the downtrend could be expected to continue, and further decline to...
Crude Oil (CL_F) started rallying from 03/22 low in a bullish structure which still needs another leg higher to become 5 impulsive waves. The instrument ended the minute wave (( iv )) at the 23.6% Fibonacci retracement area 49.96 from...
Short term Elliott Wave view in EURJPY suggests that cycle from 3/12 peak (122.89) is unfolding as a double three Elliott wave structure where Minor wave W ended at 119.28 and Minor wave X ended at 120.45. Minor wave...
USD/JPY daily chart, April 04, 2017 The USD/JPY pair continues to be volatile, as we have tested the 200-day moving average yet again on Monday. This is a market that looks as if it wants to go...
