USD/CAD daily chart, March 28, 2017 The USD/CAD pair initially fell during the day on Monday, but found enough support near the 1.33 level to turn things around and form a positive candle. A break above the...
GBP/USD daily chart, March 28, 2017 The GBP/USD pair broke down to the upside during the day on Monday, reaching towards the 1.26 handle. Ultimately, a pullback from here will more than likely find support at the...
EUR/USD daily chart, March 28, 2017 The EUR/USD pair gapped to the upside on Monday, reaching towards the 1.09 level during the day. Pullbacks should continue to offer buying opportunities, as the market looks so well supported....
AUD/USD daily chart, March 28, 2017 The AUD/USD pair initially tried to rally during the day on Monday, but turned around to form a negative candle. It looks as if the 50-day exponential moving average underneath will...
We are taking the more aggressive view in USDJPY and calling the rally to 115.48 on 3/10 as Intermediate wave (B). Decline from there is unfolding as a 5 waves impulse Elliott wave structure with an extension in wave 3....
EURAUD has formed higher lows and higher highs, moving inside an ascending channel pattern visible on its 4-hour chart. Applying the Fib tool on the latest swing high and low shows that the 61.8% retracement level lines...
USDCAD is facing 1.3409 resistance, a break of this level will confirm that the downtrend from 1.3535 had completed at 1.3264 already, then the following upward movement could bring price to 1.3600 area. On the other side,...
USDJPY’s downward movement from 115.50 extended to as low as 110.11. Deeper decline it still possible and next target would be at 109.00 area. Near term resistance is at the top of the price channel on 4-hours...
AUDUSD stays in the descending price channel on 4-hours chart and remains in downtrend from 0.7749. Further decline is still possible after a minor consolidation, and next target would be at 0.7550 area. Resistance is at 0.7648,...
GBPUSD continued its upward movement from 1.2109 and the rise extended to as high as 1.2615. Near term support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds,...
