USDCAD broke below 1.3421 key support and is now in downtrend from 1.3535. Near term resistance is at 1.3380, as long as this level holds, the downtrend could be expected to continue, and next target would be...
USDJPY broke below the upward price channel on 4-hours chart, indicating that the uptrend from 111.68 had completed at 115.50 already. The pair is now in downtrend, further decline could be expected in a couple of days,...
AUDUSD broke above 0.7632 resistance and is now in uptrend from 0.7490. Further rise could be expected after a minor consolidation and next target would be at 0.7800 area. Support is at 0.7640, as long as this...
GBPUSD broke above 1.2251 resistance, indicating that the downtrend from 1.2569 had completed at 1.2109 already. Further rise could be expected after a minor consolidation, and next target would be at 1.2400 area.
EURUSD failed to break below the the bottom of the rising price channel on 4-hours chart and rebounded strongly from 1.0600, indicating that the pair remains in uptrend from 1.0494. As long as the pair stays in...
Short term Elliott Wave view in EURJPY suggests that the pair has ended the cycle from 2/24 low (118.18) and the instrument is pulling back to correct that cycle before turning higher again. Primary wave ((5)) is currently in...
EURJPY recently broke out of its descending channel pattern, signaling a reversal from the selloff. Price reached a high of 122.83 before showing signs of a pullback, and applying the Fib tool on the latest swing high...
USD/JPY daily chart, March 15, 2017 The USD/JPY pair initially tried to rally during the session on Tuesday, but found the 115 level far too resistive yet again. If we can break down below the bottom of...
USD/CAD daily chart, March 15, 2017 The USD/CAD pair broke higher during the session on Tuesday, testing the 1.35 handle. That’s an area that should continue to see resistance, but with the oil market is looking so...
GBP/USD daily chart, March 15, 2017 The British pound fell significantly during the day on Tuesday, as we wiped out all the gains from Monday. It looks as if we are going to continue to try to...
