EURUSD’s bounce from 1.1574 extended to as high as 1.1687. Further rally is still possible and next target would be at the support-turned-resistance level of 1.1725. Breakthrough this level could trigger further upside movement towards the falling...
Is Stock Market Valuation in Bubble Territory? Many analysts and forecasters argue that stock market is in bubble territory and about to do significant correction or even a crash. There’s a lot of reasons given, both from...
The rally in DAX from 8/29 low is unfolding as a double three Elliott Wave structure where Intermediate wave (W) ended at 13089 and pullback to 12903 ended Intermediate wave (X). Up from there, the rally from 12903 low looks to...
The NZDUSD pair failed in its attempt to break below 0.6817 support and bounced off to 0.6940 area, suggesting that consolidation for the downtrend from 0.7557 is needed. Further rally would likely be seen in the coming...
The USD/JPY pair broke higher during the day on Tuesday, but then pulled back to test the 24-hour moving average again. This is one of my favorite indicators, and it is reasonably reliable in this range bound...
The US dollar went sideways against the Canadian dollar during the trading session on Wednesday, as we are just below the 1.29 level. That’s an area that looks to be somewhat resistive, but I think given enough...
The GBP/USD pair dipped a little bit at the open on Wednesday, but then bounced enough to reach towards the 1.33 handle. We then pull back from there to reach the 1.3250 level underneath, which has been...
The EUR/USD pair fell slightly during the session on Wednesday, as we look likely to roll over due to the recent selloff that we have seen due to a more dovish Mario Draghi than previously expected. Because...
The Australian dollar rallied a bit during the day on Wednesday, breaking above the 24-hour exponential moving average. The 0.77 level above is offering resistance, and I think currently we are doing nothing more than consolidating. The...
USDCAD failed to breakout of 1.2916 resistance and pulled back to break below a bullish trend line on the 4-hour chart, suggesting that lengthier consolidation for the uptrend from 1.2433 is underway. Range trading between 1.2780 and...
