EUR/USD daily chart, March 29, 2017 The EUR/USD pair continues to look very volatile, and I believe longer-term it will show bullish pressure. However, it looks as if we may drop slightly during the session on Wednesday,...
AUD/USD daily chart, March 29, 2017 The AUD/USD pair initially fell during the day on Tuesday but found enough support at the 61.8% Fibonacci retracement level to turn around and form a very bullish candle. Because of...
NZDUSD seems to be tired from its climb as a short-term reversal pattern formed on its 1-hour chart. Price failed in its last two attempts to break past the .7050 minor psychological resistance and is testing the...
USDCAD broke above 1.3409 resistance, indicating that the downtrend from 1.3535 had completed at 1.3264 already. Further rise could be expected in a couple of days and next target would be at 1.3500 area.
USDJPY broke above the channel resistance and is now facing 111.57 key resistance. A break of this level will indicate that the downtrend from 115.50 had completed at 110.11 already, then the following upward movement could bring...
AUDUSD broke above 0.7648 resistance, indicating that the downward movement from 0.7749 had completed at 0.7587 already. Further rise could be expected in a couple of days and next target would be at 0.7700 area. Support level...
GBPUSD moved below 1.2469 support, indicating that the uptrend from 1.2109 had completed at 1.2615 already. The pair is now in downtrend. Further decline could be expected after correction and next target would be at 1.2200 area.
EURUSD stays in the ascending price channel on 4-hours chart and remains in uptrend from 1.0494. As long as the pair is in the channel, the fall from 1.0905 could be treated as consolidation of the uptrend...
USDCHF decline from 3/7 (1.0170) high to 3/22 (0.9879) low could be viewed as a 5 swing move that we have labelled as Elliott wave ((a)). Bounce to 0.9960 was a three move and completed Elliott wave ((b))....
USD/JPY daily chart, March 28, 2017 The USD/JPY pair fell during the day on Monday, reaching towards the 110 level below. That’s an area that will attract a lot of attention, not only because of the large,...
