The EUR/USD pair fell initially during the day on Thursday, as we reached down to the 1.11 level underneath. That is an area that has previously been resistive, and now it should be supportive. We also have...
The Australian dollar had a very volatile session on Thursday, as we initially shot higher, right along with gold. However, we sold off after that as the market then looked for support at the 0.74 handle again....
GBPUSD enjoyed additional volatility recently but is still trading safely inside its ascending channel on the 1-hour time frame. Price just bounce off support and could be due for another test of resistance. The 100 SMA is...
Under pressure by the resistance of the Mar 10 high of 115.50, USDJPY pulled back from 114.36 and the fall extended sharply to as low as 110.23. The pair will find support at around 109.60, which is...
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Short Term Elliott Wave view in FTSE 100 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)) is...
EURUSD broke above the upper line of the price channel on the daily chart, which provided resistance around 1.1060, indicating that a new bullish movement had started. Further rises could be expected over the next several days...
The USD/JPY pair broke down significantly during the Wednesday session, slicing below the 112 level, an area that I thought would be very supportive. The fact that we broke down below this is a bit disconcerting for...
The USD/CAD pair chopped around quite significantly during the day on Wednesday, as the oil inventory numbers in the United States were bullish as we continue to see demand. However, we also have a bit of a...
The GBP/USD pair rallied during the day after initially grinding sideways on Wednesday. The 1.30 level above continues to offer a significant amount of resistance, and certainly a psychological barrier for markets to deal with. If we...
