After consolidation, USDCAD continued its downside movement from 1.2920, and the fall extended to as low as 1.2282. The key resistance is at 1.2590. As long as this level holds, further downside movement could be seen and...
USDJPY’s downside movement from 113.75 extended to as low as 108.28. Deeper decline to test 107.31 support could be expected next week. A breakdown below this level could trigger further downside movement to 105.00 area. Resistance is...
AUDUSD extended its upside movement from 0.7501 to as high as 0.8135, breaking above 0.8124 resistance. Further rise is still possible after a minor consolidation and next target would be at 0.8250 area. The key support is...
GBPUSD extended its upside movement from 1.3027 to as high as 1.4345. Further rise is still possible after a minor consolidation and next target would be at 1.4500 area. Near term support is at 1.4000, only a...
EURUSD’s upside movement from 1.1554 extended to as high as 1.2537. Further rise is still possible and next target would be at 1.2700 area. Near term support is now at 1.2350. Only a breakdown below this level...
GBPUSD Short Term Elliott Wave view suggests that pair ended Intermediate wave (2) at 1.33 on 16 December 2017. Up from there, Intermediate wave (3) rally is unfolding as 5 waves impulse Elliott Wave structure where Minor wave 1 ended at...
USDCAD recently broke to the downside of its symmetrical triangle formation and fell to a low of 1.2240. Price has bounced since then and appears to be making a correction to the broken support around 1.2420. Applying...
The US dollar has broken down significantly over the last couple of sessions, and Thursday so more selling pressure. The market looks likely to continue to go towards the 100% Fibonacci retracement level, which is closer to...
The US dollar fell again during the trading session on Thursday, breaking down below the 1.23 handle. However, we have bounced from there, and it looks likely that we are going to try to get a bit...
The British pound rallied a bit during the trading session on Thursday, but slow down as far as the rate of climb is concerned. The market should continue to find buyers underneath, and I think that while...
