EUR/USD daily chart, March 14, 2017 The EUR/USD pair initially tried to rally on Monday, but found enough resistance of the 100-day exponential moving average to turn things around and form a shooting star. The shooting star...
AUD/USD daily chart, March 14, 2017 The Australian dollar rallied during the day on Monday, as we continue to see a bit of a rebirth in the uptrend. The 0.75 level has offered a significant support level,...
EURAUD is starting to trend higher these days, moving inside a rising channel connecting the latest highs and lows of price action. Price is moving closer to support and a bounce could take it back up to...
Under pressure by the resistance of 1.3598 (Dec 28, 2016 high), USDCAD pulled back from 1.3535. However, as long as the pair stays in the upward price channel on 4-hours chart, the fall from 1.3535 could be...
USDJPY remains in uptrend from 111.68, the fall from 115.50 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hours chart. As long as the price channel support...
AUDUSD stays in the descending price channel on 4-hour chart, and remains in downtrend from 0.7740. As long as the pair is in the channel, the downtrend could be expected to continue and further decline to 0.7400...
GBPUSD broke above the channel resistance, indicating that the downward movement from 1.2569 had completed at 1.2134 already. The pair is now in uptrend, further rise could be expected over the next several days, and next target...
EURUSD remains in uptrend from 1.0494, the fall from 1.0714 is likely consolidation of the uptrend. Support level is at 1.0600, as long as the pair is above this level, the upward movement could be expected to...
Last week , GBP USD ended the cycle from 02/02/2017 peak which unfolded as a double three Elliott wave structure with a FLAT in the Y leg. Pair slightly exceeded 123.6 Fibonacci extension (1.2145) of the first 3...
AUDUSD has been trending lower on its 1-hour time frame, moving below a descending trend line connecting the latest highs of price action. Price is currently pulling back to this trend line, which lines up with the...
