The US dollar fell slightly during the day, but just slightly, as the GBP/USD market has continued to struggle overall. The 1.25 level underneath is a large, round, psychologically significant number, and that of course is an...
The British pound continues to be very volatile, but obviously buyers have come back significantly. I think that the market should go looking towards the 1.3650 level above, which is a major area to pay attention to...
The EUR/USD pair initially tried to rally during the trading session on Tuesday, but we did pull back a little bit. Ultimately, I believe that the buyers will continue to go higher, with the 1.20 level offering...
The Australian dollar has fallen a bit during the trading session on Tuesday, as traders came back from the holiday season. Gold markets course have a massive influence on the Australian dollar, so pay attention to them...
EURAUD has been trending lower on its 4-hour time frame since breaking below the neckline of a head and shoulders pattern. Price has bounced off support and is now nearing a test of the resistance around the...
We now live in an interesting time. Every day we wake up with the news about either World Indices make all-time records or bad news about terrorist attack and nuclear test. Historically, humans have gone through these stages...
Nasdaq Short Term Elliott Wave view suggests that the Index remains bullish as far as pullbacks stay above Intermediate wave (4) at 6232.3. Rally from Intermediate wave (4) low unfolded as a double three Elliott Wave structure where Minor wave W ended at...
AUDNZD has been trending lower, moving inside a descending channel on its 4-hour time frame. Price is currently testing the resistance and could be due for a drop to support. The 100 SMA is below the longer-term...
USDCAD was previously trading inside a rectangle pattern, which turned out to be a triple top reversal formation when price broke to the downside. The chart pattern is approximately 250 pips tall, so the resulting selloff could...
GBPUSD has formed lower highs and higher lows recently, creating a symmetrical triangle pattern on its 1-hour time frame. Price is approaching the peak of the formation so a breakout could take place soon. The chart pattern...
