The AUD/USD pair fell during the day on Monday, as we continue to show signs of weakness in the Australian dollar. This is mainly because the Australian dollar is a bit of a proxy for Chinese markets...
AUDUSD suffered yet another sharp selloff towards the end of last week, breaking below a key support area around .6950-.7000. Price dipped to the .6800 levels before showing signs of a potential pullback to the broken support...
As I’m writing this email, over 3 trillion dollars have been wiped off the value of global stocks since the start of 2016. With that in mind, I urge you to read Robert Prechter’s free report, How...
USDCAD continued its upward movement from 1.2831, and the rise extended to as high as 1.4553. Further rise could be expected after a minor consolidation, and next target would be at 1.5000 area. Support is located at...
USDJPY is testing 116.13 support, as long as this level holds, the price action from 125.85 (Jun 5, 2015 high) could be treated as consolidation of the long term uptrend from 75.57 (Oct 31, 2011 low), and...
AUDUSD broke below 0.6907 support, indicating that the long term downtrend from 0.9504 (Jul 1, 2014 high) has resumed. Further decline could be expected, and next target would be at 0.6500 area. Near term resistance is at...
GBPUSD’s downward movement from 1.5929 extended to as low as 1.4251. Near term resistance is at 1.4550, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.3700...
EURUSD is in uptrend from 1.0517, the fall from 1.1059 is likely correction of the uptrend. Further rise could be expected after correction, and next target would be at 1.2000 area. Support level are at 1.0700 and...
The USD/JPY pair fell during the course of the session on Friday, testing the 170 level. By doing so, it looks as if we are ready to start falling again, and if we break below the bottom...
The USD/CAD pair broke higher during the course of the day on Friday, finally clearing the 1.45 handle. This was a target for some time, and as a result we are now above that and it should...
