USDJPY extended its upside movement from 105.05 to as high as 108.62. Further rise towards the bearish trend line on the 4-hour chart is possible in the coming days. As long as the trend line resistance holds,...
AUDUSD broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 0.7393 had completed at 0.6765. Further rally is still possible and next target would be at 0.7300 area. Support is...
GBPUSD remains in the uptrend from 1.2396, further rise would likely be seen in a couple of days and next target would be at 1.2814 resistance. Near term support is at 1.2660, only a breakdown below this...
EURUSD is now in the short term uptrend from 1.1303, further rise towards 1.1500 could be expected in the coming days. Support levels are at 1.1345 and 1.1303, below these levels could trigger further downside movement towards...
Elliott Wave view in EURAUD shows that the decline to 1.5337 low ended wave b. Rally from there unfolded as a 5 waves impulsive Elliott Wave structure. Up from 1.5337 low, Wave (1) ended at 1.5886, wave...
Hello fellow traders. Another instrument that we have been trading lately is EURUSD. In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURUSD, published in members area of the...
USDCAD is facing the support of the bullish trend line on the daily chart, a breakdown below the trend line support would indicate that the upside movement from 1.2782 had completed at 1.3664 already, then deeper decline...
USDJPY’s downside movement from 114.54 had completed at 105.05. Range treading between 106.00 and 110.50 would likely be seen in the coming days. As long as 110.50 resistance holds, the downtrend could be expected to resume, and...
AUDUSD’s downside movement from 0.7393 had completed at 0.6765 already. Further rally would likely be seen in the coming days and next target would be at 0.7300 area. Near term support is at 0.7000, below this level...
GBPUSD extended its downside movement from 1.3298 to as low as 1.2396. Further decline is still possible after consolidation and next target would be at 1.2200 area. Key resistance is at 1.2814, above this level would indicate...
