The Australian dollar had an interesting session on Tuesday, as we broke above the psychologically significant 0.75 level, but turned around to form a less than stellar move. If we can break down below the 0.7450 level,...
NZDJPY recently broke below a short-term rising trend line support and dipped close to the 76.00 mark. Price pulled up from there and looks ready to retest the broken support. Applying the Fib tool on the latest...
Short Term Elliott Wave view in FTSE suggests the rally from 4/20 low (7096.6) is unfolding as a zigzag Elliott Wave structure where Minute wave ((a)) ended at 7302.57 and Minute wave ((b)) ended at 7197.28. Subdivision of Minute wave ((a)) unfolded as...
The USD/JPY pair initially gapped lower at the open on Monday, but then shot higher towards the 111.65 level. This has been the top of recent consolidation, and the fact that we reach that area and pulled...
The USD/CAD pair had a volatile session on Monday as we initially tried to rally but then turned around to fall significantly below the 1.35 level. This pair of course is highly influenced by of the crude...
The GBP/USD pair had a very volatile session on Monday, as we continue to see the market undulate back and forth with all the massive headlines to keep crossing the wires. As the negotiations about the United...
The EUR/USD pair initially fell on Monday, but found the 24-hour exponential moving average to be supportive enough to turn the market around, and send it back above the 1.12 level. The market then rose to the...
The Australian dollar had an explosive session on Monday, initially gapping lower, filling the gap, and then continue the down move. However, we turned around at the 0.7425 level to rocket to the upside. As we approached...
GBPAUD has formed lower highs and found support at the 1.7375 area, creating a descending triangle formation on its 1-hour time frame. This chart pattern is around 250 pips tall so a breakout in either direction could...
EURJPY recently broke below its short-term ascending trend line to indicate that a reversal from the uptrend is in order. Price dipped to the 122.50 minor psychological support then pulled back up to the broken support, which...
