The US dollar went back and forth during the trading session on Tuesday, as we have seen the market use the 1.24 level as support. If we can break above the 1.2460 level, then I think the...
The British pound drifted a bit lower at the open on Tuesday, reaching down towards the 1.3750 level, an area that was resistance in the past. Because of this, I anticipate that the market will probably find...
The EUR/USD pair has drifted a bit lower during the trading session on Tuesday, reaching down towards the 1.22 handle. Ultimately, I think that the market should continue to go higher based upon the 1.21 level breaking,...
The Australian dollar drifted a little bit lower during the trading session on Tuesday as the Americans came back to work from the holiday. Ultimately, the market looks as if it is bullish though, but I also...
NZDUSD is trending higher on an ascending channel visible on its 1-hour and 4-hour chart. Price is currently testing support and might be due for a move back to the resistance soon. The 100 SMA is above...
USDJPY recently fell through support at the 112.00 major psychological level and looks ready for a pullback to this area of interest. Applying the Fib tool on the latest swing high and low shows that the 61.8%...
USDCAD recently broke through the floor around the 1.2650 minor psychological mark then fell to a low of 1.2362. Price is showing signs of a pullback from its drop and sellers may be waiting at the nearby...
DAX Short Term Elliott Wave view suggests that Intermediate wave (X) ended at 12731.46. Rally from there is unfolding as a 5 waves impulsive Elliott Wave structure where Minutte wave (i) ended at 12943, Minutte wave (ii) ended at 12881.5,...
Hello fellow traders, in this blog post, we will discuss oil in a more bigger picture. In the chart below, you can see crude oil futures on the weekly chart. From the 02/08/2016 low, we can clearly see...
EURAUD has been trading in a descending channel pattern on its 4-hour time frame and has recently bounced off the resistance. Price is also breaching the middle of the channel to show enough downside momentum to reach...
