The British pound fell significantly during the trading session on Tuesday, reaching down towards the 1.39 level. The 1.39 level has been supportive in the past, so a bounce from here would be expected. I also believe...
The EUR/USD pair has fallen during the trading session on Tuesday, reaching down towards the 1.2250 level underneath, which has offered support a couple of times already, so it makes sense that we will continue to see...
The Australian dollar has drifted a little bit lower during the trading session on Tuesday, reaching down towards the 0.7825 handle. I think that bouncing from that level shows that there are plenty of buyers underneath, especially...
GBPUSD has formed lower highs and higher lows, creating a symmetrical triangle pattern on its 1-hour time frame. Price is currently testing support and might be due for a bounce soon. Stochastic is on the move up...
Short Term Elliott Wave view in Gold suggests the decline to $1306.8 ended Intermediate wave (X). However, the yellow metal needs to break above Intermediate wave (W) at $1366.06 to rule out the possibility of a double correction...
AUDUSD broke above 0.7880 resistance, indicating that the downside movement from 0.7988 had completed at 0.7790 already. Further rally would likely be seen and next target would be at 0.7950 area. Support is at 0.7790, only a...
The US dollar has gapped higher initially during Monday trading, but then turned around to break down significantly. By breaking down below the bottom of the gap, it forms a very negative outlook for the pair. We...
The US dollar pulled back slightly during the trading session on Monday but found enough support near the 1.26 level to turn around and rally. Remember, the Canadian dollar is highly sensitive to the oil markets, so...
The British pound has rallied significantly at the beginning of the Monday session, but ran into a significant trouble at the 1.4075 level. We pulled back from there, and it now looks as if the 1.40 level...
The EUR/USD pair has initially tried to rally during the day on Monday but rolled over at the 1.2350 region to reach towards the 1.23 handle. I think that the market is trying to build up enough...
