Forex brokers in the European Union are having a terrible time right now. The looming Brexit conditions, the overwhelming pressure from ESMA and the general state of affairs have really tanked their performances. However, out of all...
USDCAD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.3112 could be treated as consolidation for the downtrend from 1.3339, another...
After touching 111.12 resistance, USDJPY pulled back into the trading range between 110.25 and 111.12, suggesting that lengthier consolidation for the uptrend from 108.49 is needed. However, as long as 110.25 support holds, one more rise towards...
No changed in our view, AUDUSD remains in the downtrend from 0.7206, the bounce from 0.7069 is likely correction for the downtrend. Another fall is possible after the correction and next target would be at 0.7000 area....
GBPUSD broke above 1.3108 resistance, suggesting that the upside movement from 1.2772 has resumed. Further rise could be expected and next target would be at 1.3250 area. Support is located at the bullish trend line on the...
EURUSD is facing 1.1371 resistance, a break of this level could trigger further upside movement towards 1.1450 area. Support is at 1.1316, only a breakdown below this level could bring the price back to 1.1250 area.
British Pound Sterling is the best performing major currency last week. The Pound Sterling shows strength as the market senses progress towards a Brexit deal. This follows news pointing to progress in Brexit negotiations. Last week UK...
In this technical blog, we are going to take a look at the past performance of AUDCAD Elliott Wave 1-Hour Charts that we presented to our members. In which, the bounce to 1/31/2019 peak (0.9581) ended wave...
USDCAD extended its downside movement from 1.3339 to as low as 1.3124. As long as the price is below the falling trend line on the 4-hour chart, further decline is still possible and next target would be...
USDJPY continued its sideways movement in the trading range between 110.25 and 111.12. As long as 110.25 support holds, the price action in the range could be treated as consolidation for the uptrend from 108.49, a breakout...
