USDCAD extended its downside movement from 1.2920 to as low as 1.2355, breaking below 1.2433 support. Further decline would likely be seen in a couple of weeks and next target would be at 1.2061 support. Near term...
USDJPY stayed in a trading range between 110.84 and 114.73 for several weeks. The price action in the range is likely consolidation of the uptrend from 107.31. As long as 110.84 support holds, the upside movement could...
AUDUSD continued its upside movement from 0.7501 to as high as 0.7874, facing 0.7897 resistance. A break above this level could trigger further upside movement towards 0.8124 previous high. Near term support is at 0.7800, only break...
GBPUSD stays above a bullish trend line on its daily chart and remains in the uptrend from 1.1946 (Oct 7, 2016 low). The pair is now facing 1.3657 resistance. A breakout of this level will suggest that...
EURUSD is now facing 1.2092 resistance. A breakout of this level will indicate that the uptrend from 1.0340 (Jan 3 low) has resumed, then next target would be at 1.2500 area. On the downside, a clear break...
Gold closed above $1,300 per ounce for the first time in 5 years as the U.S. dollar saw it’s worst decline over the past 14 years. Despite a strong start in 2017, XAUUSD spent most of the year in a sideways...
Hello fellow traders, in this blog post, we will discuss the most hyped cryptocurrency Bitcoin in a technical as well as psychological perspective. From the zero line, we are calling bitcoin completed in the super cycle blue wave (a)...
Short Term Nasdaq Elliott Wave view suggests that the rally from 12/5 low unfolded as a double three Elliott Wave structure where Minor wave W ended at 6545.75 and Minor wave X ended at 6383.25. This week, the Index made a new high above...
EURGBP is trending lower in a shallow descending channel visible on its 4-hour chart. Price is approaching the channel resistance at the .8950 minor psychological level and might be due for a bounce. The 100 SMA is...
GBPUSD is trending higher on its 4-hour chart and looks prime for a pullback to the ascending trend line. Applying the Fib tool on the latest swing low and high shows that this lines up with the...
