GBPAUD is moving inside an ascending channel connecting its highs and lows since mid-April. Price just bounced off the resistance and could be due for a test of support at the 1.7400 major psychological level. Using the...
The USD/JPY pair had a negative session on Thursday, but found enough support at the 113.50 level to turn things around and form a perfect hammer on the hourly chart. It now looks as if the market...
The USD/CAD pair had a very rough session on Thursday, initially surging much higher, then pulling back drastically, only to bounce again to the highs, and then pulling back to show weakness yet again. This very violent...
The British pound fell significantly during the day on Thursday, as the 1.2950 level offered a bit too much in the way of resistance. Also, the Bank of England wasn’t as hawkish as people had hoped, and...
The EUR/USD pair initially tried to rally on Thursday, but as you can see made a lower higher than the previous session. This is a sign of a market that is trying to build up bearish pressure,...
The Australian dollar had an interesting session, initially falling, perhaps in sympathy to the moves in the New Zealand dollar. However, we rallied a bit but now are starting to see resistance again near the 0.7380 handle....
Short Term Elliott Wave view in SPX suggests the rally from 3/27 low (2322.2) is unfolding as a leading diagonal Elliott Wave structure where Minute wave ((i)) ended at 2378.36, Minute wave ((ii)) ended at 2328.95, Minute wave ((iii)) ended at 2398.16, and Minute wave...
USDCNH is in long term uptrend from 6.0152 (Jan 14, 2014 low). The highest record of this bullish movement is 6.9867 (Jan 3 high). After a sharp drop to 6.7817, the pair formed an ascending triangle pattern...
NZDUSD has been trading inside what appears to be a falling wedge pattern on its daily chart. Price is currently testing support and seems to be pushing for a break lower, indicating that a steeper selloff is...
The USD/JPY pair had a volatile session on Wednesday, as we bounced off the 113.50 level, and then finally managed to build up enough momentum to break above the 114 handle. It looks as if we are...
