USDJPY failed to break below the rising trend line on the 4-hour chart, indicating that the pair remains in the uptrend from 111.65. As long as the trend line support holds, the uptrend could be expected to...
AUDUSD extended its downside movement from 0.7897 to as low as 0.7635, breaking below the resistance-turned-support trend line on the weekly chart. Near term resistance is at the bearish trend line on the 4-hour chart. As long...
GBPUSD moved sideways in a trading range between 1.3087 and 1.3337. The pair is now facing 1.3087 support, a breakdown below this level could trigger another fall to the major support trend line on the daily chart....
EURUSD broke below 1.1662 support, indicating that the whole uptrend from 1.0340 (Jan 3 low) had completed at 1.2092 already. Further decline could be expected after a minor consolidation and next target would be at the resistance-turned-support...
Elliott wave: The 5 waves advance The Elliott wave Theory is a famous trading tool and is based in the idea that the Market advances in 5 waves and corrects in 3 waves. The Theory has some...
US President, Donald Trump, threatened to “Totally Destroy” North Korea during his speech in United Nations assembly on 19th September 2017 and further added that “Rocket Man” is on a suicide mission for himself and for his regime....
The US dollar initially tried to go higher against the Japanese yen during the session on Wednesday, reaching towards the 114.25 handle. There is a significant amount of resistance just above, and extending to the 115 handle....
The US dollar went sideways initially against the Canadian dollar, but then exploded to the upside as the crude oil markets continue to build inventory. This currency of course is a proxy for the petroleum markets, and...
The GBP/USD pair shot straight up during the day on Wednesday, slamming into the 1.3250 level. This is a market that continues to have a lot of interest in it, mainly due to better than anticipated CPI...
The EUR/USD pair initially went sideways on Wednesday, but then reached above the 1.18 level. That’s a very bullish sign, and I think we are going to continue to go much higher, perhaps reaching towards the 1.1850...
