EURAUD looks ready for a downtrend as the pair formed a head and shoulders pattern on its 1-hour time frame. Price has yet to break below the neckline at the 1.3900 area to confirm the potential selloff....
AUDUSD ended the correction in Intermediate wave (X) after reaching 0.7486 and then started rallying from there. With today’s new high the pair is showing 5 waves impulsive move from 03/09/2017 low and has already reached the minimum target area...
USDJPY sold off after the FOMC decision as traders booked profits off the event. As a result, resistance at the 115.25 area held and price made its way back to the range support at 112.35. If this...
USD/JPY daily chart, March 20, 2017 The USD/JPY pair fell slightly during the day on Friday, as we continue to drift a bit lower. I believe that there is massive support near the 112 handle though, so...
USD/CAD daily chart, March 20, 2017 The US dollar initially rallied against the Canadian dollar during the session on Friday, but found enough resistance at the 1.3350 level to turn things around and form a shooting star....
GBP/USD daily chart, March 20, 2017 The British pound rose during the Friday session but found the 1.24 level to resistive to continue. By forming a shooting star, this suggests that we are going to pull back...
EUR/USD daily chart, March 20, 2017 The EUR/USD pair had a slightly negative session on Friday, as the 1.08 level looms just above. I think we may need to back up just a little bit in order...
AUD/USD daily chart, March 20, 2017 The Austrian dollar rose on Friday, testing the 0.77 level. It looks as if we are going to try to break out to the upside given enough time, so I am...
Short term Elliott Wave view in EURJPY suggests that the decline to 118.18 on 2/24 ended Primary wave ((4)). Primary wave ((5)) is currently in progress higher and the rally from Primary wave ((4)) low at 118.18 is unfolding...
EURAUD recently broke below its ascending channel on the 1-hour time frame and might be due for a pullback before heading further south. Applying the Fib tool on the latest swing high and low shows that the...
