GBPUSD failed in its attempt to break below the bullish trend line on the daily chart once again and rebounded from 1.3301. Further rise to test 1.3657 resistance would likely be seen next week. A breakout of...
EURUSD broke above 1.1961 resistance. Further rise to test 1.2092 resistance could be seen next week. A breakout of this level will confirm that the uptrend from 1.0340 (Jan 3 low) has resumed, then the following upside...
We now live in an interesting time. Every day we wake up with the news about either World Indices make all-time records or bad news about terrorist attack and nuclear test. Historically, humans have gone through these stages...
Nasdaq Short Term Elliott Wave view suggests that the Index remains bullish as far as pullbacks stay above Intermediate wave (4) at 6232.3. Rally from Intermediate wave (4) low unfolded as a double three Elliott Wave structure where Minor wave W ended at...
AUDNZD has been trending lower, moving inside a descending channel on its 4-hour time frame. Price is currently testing the resistance and could be due for a drop to support. The 100 SMA is below the longer-term...
USDCAD broke below 1.2623 support and extended its downside movement from 1.2920 to as low as 1.2556. Further decline is still possible and next target would be at 1.2433. Near term resistance is at the falling trend...
USDJPY’s fall from 113.63 extended to as low as 112.66. Further decline would likely be seen and next target would be at 112.03. Below this level could take price to next support level at 110.84. Near term...
AUDUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 0.7501. As long as the trend line support holds, the upside movement could be expected to continue and next target...
GBPUSD is now facing 1.3466 resistance. A breakout of this level could take price towards 1.3549. Above here would aim 1.3657 (Sep 20 high). Near term support is at 1.3385, a breakdown below this level could bring...
EURUSD extended its upside movement to as high as 1.1959, facing the resistance at 1.1961. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to...
