GBP/USD daily chart, March 24, 2017 The GBP/USD pair fell initially during the day on Thursday, but found enough support below the 100-exponential moving average to turn things around and break above the 1.25 handle. If we...
EUR/USD daily chart, March 24, 2017 The EUR/USD pair initially fell during the day on Thursday but found the 1.0750 level to be supportive enough to push the sellers away. If we can break above the 1.0840...
AUD/USD daily chart, March 24, 2017 The Australian dollar fell during the day, and found the buyers closer to the 0.7650 level. I think that the market is still in a very strong uptrend, and we 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....
AUDUSD is showing 5 swings sequence from 12/23/2017 low after it managed to break above 02/23 peak so the sequence is bullish against Intermediate wave (X) low (0.7487). The pair did 5 waves impulsive move from 03/09 low in Minute wave ((a)) which...
EURUSD is starting to trend higher on its 1-hour time frame, moving inside an ascending channel and just coming off a bounce from resistance. A pullback to the channel support at the 1.0750 minor psychological level could...
USDCAD is now in uptrend from 1.3264, the fall from 1.3409 is likely correction of the uptrend. Further rise is possible in a couple of days and next target would be at 1.3500 area. Support is at...
USDJPY’s downward movement from 115.50 extended to as low as 110.62. Further decline is still possible after a minor consolidation and next target would be at 110.00 area. Near term resistance is at the top of the...
AUDUSD is now in downtrend from 0.7749. Further decline could be expected in a couple of days and next target would be at 0.7550 area. Resistance is at 0.7685, only break above this level could trigger another...
GBPUSD’s upward movement from 1.2109 extended to as high as 1.2531. Further rise is still possible after a minor consolidation and next target would be at 1.2600 area. Near term support is at the rising trend line...
