EURUSD remains in uptrend from 1.0569, the fall from 1.0950 could be treated as consolidation of the uptrend. Support is at 1.0820, as long as this level holds, the uptrend could be expected to continue, and next...
Elliott Wave Theory: Is Elliott’s Theory a system in itself? As many traders know, The Elliott wave Theory is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying...
Short term Elliott Wave view in USDCAD suggest the decline to 1.322 ended Intermediate wave (X). Revised view suggests that the rally from there is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ended at 1.3525 and Minute...
The USD/JPY pair rallied during the day on Tuesday, breaking towards the 111 handle. I think that the market is going to try to reach the 112 level again but there is a lot of noise above....
The USD/CAD pair rally during the day on Tuesday, breaking above the 1.36 handle. This is a very bullish sign and now frees this market to reach much higher. If we can break above the top of...
The GBP/USD pair initially fell during the day on Tuesday, but found enough support at the 200-exponential moving average again to turn things around and form a positive candle. We continue to consolidate in general, with the...
The EUR/USD pair broke out during the day on Tuesday, as we continue to see bullish pressure. I believe the market is probably going to reach towards the 1.10 level above, which is a large, round, psychologically...
Commodity currencies got beat severely during the session on Tuesday and of course the Australian dollar was no different. However, we are still consolidating as far as I can see so therefore I don’t have any interest...
There are a lot of misconceptions around about forex trading. Most people hear mention of the word ‘trading, ’ and they assume that it must be very complex. In fact, you participate in the forex market every...
EURUSD is moving inside an ascending channel on its 4-hour chart and is currently approaching the resistance at 1.0950 to 1.1000. If this area keeps gains in check, the pair could head back to support at the...
