The British pound initially tried to rally during the trading session on Tuesday, but found the area above the 1.3333 level to be a bit too expensive. Because of this, I think that the pullback to the...
The EUR/USD pair spent most of the day going sideways on Tuesday, but then pulled back to reach towards the 1.2860 level underneath. It is the 38.2% Fibonacci retracement level from the move higher, and we are...
The Australian dollar went back and forth during the course of the trading session on Tuesday, bouncing around the 0.76 handle. That being the case, I think that the market should be very volatile in this general...
EURAUD previously broke past the resistance at 1.5600 then zoomed up to a high of 1.5696 before retreating. This could be a correction from the uptrend if the pair finds support at the Fib levels. The 50%...
USDCAD is facing 1.2836 resistance. A breakout of this level could trigger further upside movement towards 1.2916 previous high. Near term support is at 1.2750, a breakdown below this level could bring price back to test 1.2666...
USDJPY broke above the falling trend line on the 4-hour chart and is now facing 111.69 resistance. As long as this level holds, the sideways movement in a trading range between 110.84 and 111.69 could be treated...
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7897. Near term support is at 0.7580, a breakdown below this level could take price to next support level at...
GBPUSD extended its upside movement from 1.3039 to as high as 1.3387. As long as the price is in the rising price channel on the 4-hour chart, the uptrend could be expected to continue and next target...
EURUSD’s fall from 1.1961 extended to as low as 1.1827. However, as long as the price is above the bullish trend line on the 4-hour chart, the fall could be treated as consolidation of the uptrend from...
YM_F Dow Short term Elliott Wave view suggests that Intermediate wave (4) ended at 23204. Rally from there is unfolding as a leading diagonal Elliott wave structure. Minute wave ((i)) ended at 23464, Minute wave ((ii)) ended at 23241, Minute wave ((iii)) ended at 23599,...
