The AUD/USD pair had a very negative session on Thursday, as we sliced through the 0.74 level, but then bounced enough to go towards the 0.7420 level. At that area, the market then fell significantly and broke...
GBPJPY has been trending lower on its 1-hour chart, moving inside a descending channel formation. Price is currently testing the resistance and could be due for a move back to support around 140.50. The 100 SMA is...
Short Term EURJPY Elliott Wave view suggests the rally from 4/16 low is unfolding as a double three Elliott Wave structure. Up from 4/16 (114.8) low, Intermediate wave (W) ended at 125.81 and Intermediate wave (X) ended at 122.53. A...
The USD/JPY pair had a volatile session on Wednesday, as we initially tried to break towards the 111.25 level above. However, we found too much resistance there and rolled right over to break down and go towards...
The USD/CAD pair initially fell slightly during the day on Wednesday, but then broke above the 1.35 handle. The market looks as if it is trying to break out again though, so if we can make a...
The GBP/USD pair initially fell during the Wednesday session, but turned around to form a massive bullish move. The fact that we did that and broke above the 1.29 level is a very bullish sign. We have...
The EUR/USD pair exploded to the upside during the session on Wednesday, breaking above the 1.12 level finally. Now that we are clear this area, it looks as if the pullbacks could offer value going forward. The...
The Australian dollar initially tried to gain during the session on Wednesday, but found enough resistance at the 0.7475 level to turn things around and rollover towards the 0.7425 handle. That’s an area that has offered a...
NZDJPY has been moving sideways, bouncing off support around the 78.00 major psychological level and resistance at 78.85. Price just got rejected on its test of the resistance and could be setting its sights back on support....
OPEC ended its highly anticipated meeting on Vienna last Thursday to discuss about extending the production cut in Crude Oil. They have decided to extend the current agreement to cut production output by 1.8 million barrels per day by...
