EURJPY had been trading inside an ascending channel pattern and price has broken below support. This signals that a reversal from the uptrend is underway, although additional confirmation could still be needed from technical indicators. The 100...
GBPJPY recently bounced off the top of its ascending channel and is now making its way to support. Applying the Fib tool on the latest swing low and high shows that this lines up with the 61.8%...
USDJPY Short-term Elliott Wave view suggests that the rally to 110.48 high ended Intermediate wave (4) bounce on February 02.2018 peak. Below from there, the decline is unfolding as an Ending Diagonal Structure within Intermediate wave (5) lower. Where Minor wave 1 ended...
The 107.50 level underneath is the bottom of a larger consolidation area that the pair has been in for some time, and the fact that we slammed into it during trading on Tuesday suggests that we are...
The US dollar has gone sideways against the Canadian dollar during Tuesday trading, dancing around the 1.26 level. Obviously, oil markets will have their influence on the Canadian dollar, so you should pay attention to what’s going...
The British pound has rallied initially during the trading session on Tuesday, but then found resistance above. As I record this, it appears that the 50 EMA on the hourly chart is trying to offer support, so...
The EUR/USD pair broke higher during trading on Tuesday, breaking above the 1.23 handle. There’s a lot of noise in this area, but I think that the 1.23 level should offer support as it was resistance previously....
The Australian dollar has gone sideways initially during the trading session on Tuesday, but as you can see we started to sell off as the Americans came on board. However, there is a small uptrend line that...
EURAUD has been trading sideways recently, finding support at the 1.5650 minor psychological level and resistance near 1.5800. Price just bounced off the top of the range and might be due for a test of support again...
Bitcoin ticker symbol: ( BTCUSD ) Short Term Elliott Wave view suggests that the decline from December 17.2017 peak to February 05.2018 low (5920.72) ended the Super Cycle wave “(b)” lower. Above from there, the rally is unfolding as a leading diagonal Elliott Wave structure. Where...
