EURJPY is still trending higher and has recently broken past the resistance at the 124.50 minor psychological level. Price zoomed up close to the 126.00 resistance from there but could be due for a pullback before posting...
In this technical blog we’re going to take a quick look at the past Elliott Wave charts of NZD JPY . We’re going to take a look at the structures, count the swings and explain the trading setup....
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...
USDJPY moved above the top trend line of the descending price channel on daily chart, suggesting that the bearish movement from 118.66 had completed at 108.13 already. Further rise to test 115.50 resistance is still possible in...
The US dollar has been very choppy during the Monday session, as we continue to consolidate around the 113.50 region. This is an area that has attracted a lot of attention as of late, and I think...
The US dollar fell significantly at the open on Monday, as the Russian and Saudi officials suggested that an extension of the OPEC production cuts was needed. That of course is a very bullish sign for the...
The British pound rose initially during the day on Monday, but found the area near 1.2940 to be a bit too resistive, and then fell back to the 1.29 handle. As I write this, we are currently...
The EUR/USD pair had an explosive moved at the open on Monday, reaching towards the 1.0990 level. However, the 1.10 level above continues to offer significant resistance, and the fact that we a forming a shooting star...
The Australian dollar has rallied during the session on Monday, breaking above the 0.74 level. We found a bit of resistance at the 0.7450 level, and then dropped. However, I think that the 0.7425 level offering resistance...
NZDUSD has been gaining ground recently but could be due to resume its drop as it approaches the channel resistance. Price has been trading inside a shallow descending channel with the top around the .6930 level. If...
