USDCAD broke above 1.3144 resistance, suggesting that the downtrend from 1.3432 had completed at 1.3015 already. Further rally could be expected in the coming days and next target would be at 1.3200 area. Near term support is...
USDJPY broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 108.99 had completed at 107.20 already. Further rally could be expected in the coming days and next target would be...
AUDUSD’s downside movement from 0.7081 extended to as low as 0.6985. Further decline could be expected after a minor consolidation and next target would be at 0.6950 area. Resistance is at 0.7020, only break above this level...
GBPUSD continued its sideways movement in a trading range between 1.2381 and 1.2578. Another fall to test 1.2380 support could be expected, a breakdown below this level could take the price to 1.2300 zone. Near term resistance...
EURUSD broke below 1.1193 support, suggesting that the downside movement from 1.1412 has resumed. Further decline could be expected after a minor consolidation and next target would be at 1.1100 area. Near term resistance is at 1.1170,...
Importance of an Elliott Wave ZigZag Fibonacci Extension Firstly the point of measuring a Fibonacci extension is to get the area pinpointed that an Elliott Wave correction will move against the trend so an entry position into...
Since Prime Minister Theresa May announced she stepped down from leadership position, the market has started to adjust the expectation for a hard Brexit scenario. Selling pressure on Poundsterling has intensified as the new prime minister hopefuls...
eBay (NASDAQ: EBAY) is the world’s largest online marketplace that facilitates consumer-to-consumer and business-to-consumer. The company was founded in 1995 and currently operating in about 30 countries. The stock is up nearly 40% so far this year and the move...
USDCAD is facing 1.3144 resistance, a break of this level would indicate that the downside movement from 1.3432 had completed at 1.3015 already, then further rally to 1.3200 area could be seen. However, as long as 1.3144...
USDJPY is facing the resistance of the price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 107.20 could be treated as consolidation for the downtrend from 108.99, another fall towards...
