After touching 1.3409 resistance, USDCAD pulled back to 1.3330, indicating that lengthier sideways movement is underway. The 1.3264 support would be tested, and a breakdown below this level will signal resumption of the downtrend from 1.3535, then...
USDJPY is facing 111.57 resistance. As long as the pair is below this level, the rise from 110.11 could be treated as consolidation of the downtrend from 115.50 and further decline to 109.00 area is still possible...
AUDUSD is now in uptrend from 0.7587. Further rise could be expected in a couple of days and next target would be at 0.7800 area. Support is at 0.7625, as long as this level holds, the uptrend...
GBPUSD is now in downtrend from 1.2615, the rise from 1.2376 is likely consolidation of the downtrend. Further decline could be expected in a couple of days, and next target would be at 1.2200 area. Resistance is...
EURUSD broke below 1.0760 support, indicating that the uptrend from 1.0494 had completed at 1.0905 already. The pair is now in downtrend, further decline could be expected in a couple of days, and next target would be...
Short term Elliott Wave view in USDJPY suggests that cycle from 3/10 peak (115.53) has ended with Minor wave A at 110.07. Decline from 115.53 is unfolding as a 5 waves impulse Elliott wave structure with an...
Although the Fed is in the rate hike cycle, USD rally started to lose momentum early this year when market started to realize that monetary policy divergence started to narrow. ECB has started to talk about rate hikes,...
USD/JPY daily chart, March 29, 2017 The USD/JPY pair initially fell during the session on Tuesday but found enough support below to turn things around again. It appears that the 50% Fibonacci retracement level is going to...
USD/CAD daily chart, March 29, 2017 The USD/CAD pair initially tried to rally during the session on Tuesday but found enough resistance at the 1.34 handle above to turn around. Oil rallied, so that helps the Canadian...
GBP/USD daily chart, March 29, 2017 The GBP/USD pair initially tried to rally during the day on Tuesday, but turned around to form a very bearish candle. It looks as if were going to test the 1.25...
