AUD/USD daily chart, March 21, 2017 The Australian dollar rose during the day on Monday, testing the 0.7750 level. If we can break above here, I think that the market will continue to go much higher, perhaps...
Short term Elliott Wave view in USDJPY suggests that rally to 115.48 on 3/10 ended Intermediate wave (X). Decline from there is unfolding as a zigzag Elliott wave structure in which the first leg wave A is subdivided in...
EURAUD looks ready for a downtrend as the pair formed a head and shoulders pattern on its 1-hour time frame. Price has yet to break below the neckline at the 1.3900 area to confirm the potential selloff....
USDCAD stays in the descending price channel on 4-hours chart and remains in downtrend from 1.3535. As long as the channel resistance holds, the rise from 1.3276 could be treated as consolidation of the downtrend, and further...
USDJPY continued its downward movement from 115.50 and the fall extended to as low as 112.26. Resistance is located at the top of the price channel on 4-hours chart. As long as the channel resistance holds, the...
AUDUSD broke above 0.7740 resistance. Further rise is still possible in a couple of days and next target would be at 0.7800 area. Key support is at 0.7663, only break below this level will indicate that the...
GBPUSD’s upward movement from 1.2109 extended to as high as 1.2435. Further rise is still possibly after a minor consolidation and next target would be at 1.2500 area. Support is now at 1.2324, only break below this...
EURUSD stays in the rising price channel on 4-hours chart and remains in uptrend from 1.0494. As long as the pair stays in the channel, the uptrend could be expected to continue, and next target would be...
AUDUSD ended the correction in Intermediate wave (X) after reaching 0.7486 and then started rallying from there. With today’s new high the pair is showing 5 waves impulsive move from 03/09/2017 low and has already reached the minimum target area...
USDJPY sold off after the FOMC decision as traders booked profits off the event. As a result, resistance at the 115.25 area held and price made its way back to the range support at 112.35. If this...
