AUDUSD extended its downside movement from 0.8124 to as low as 0.7732, facing a resistance-turned-support trend line on the weekly chart now at around 0.7700. A breakthrough this trend would indicate that the whole upside movement from...
GBPUSD’s pullback from 1.3657 extended to as low as 1.3027, facing the bullish trend line from 1.2109 to 1.2774 now at around 1.2950. As long as the price is above the trend line, the fall could be...
EURUSD is facing an important support level at 1.1662. A breakthrough below this level would indicate that the upside movement from 1.0340 had completed at 1.2092 already, then next target would be at the resistance-turned-support trend line...
The US dollar exploded to the upside during the trading session on Friday after the jobs number came out a bit mixed. Ultimately, most traders will ignore the jobs number anyway, mainly because of the effect of...
The US dollar shot higher against the Canadian dollar initially during the trading session on Friday, but rolled over to reach towards the 1.2550 level as the jobs number is favored Canada. However, American job numbers were...
The British pound fell on Friday, as the overall bearish pressure on Sterling continues. Ultimately, this is more or less a build of confidence, as the Teresa May government continues to struggle. These are very important times...
The EUR/USD pair showed extreme amounts of volatility early in the session on Thursday, but after the jobs number came out of America, we shot higher, reaching towards the 1.1750 level. At this point, I think that...
The Australian dollar initially tried to rally during the session on Friday, but found the 0.7750 level to be resistive after we broke down below it. This is a very negative sign for the Australian dollar, as...
EURUSD Intra-Day Elliott Wave view suggests the decline from 9/8 peak remains in progress as an expanded Flat Elliott Wave structure. Down from 9/8 high (1.2094), pair ended Intermediate wave (A) at 1.837. Bounce to 1.2034 ended Intermediate wave...
After breaking below a bullish trend line on the daily chart, AUDUSD continued to break below an important support level at 0.7807 and extended its downside movement to as low as 0.7743, confirming that the bullish movement...
