EURJPY recently made a strong break below support around the 121.50 minor psychological level then dipped close to 119.00. Price seems to be making a pullback from here, offering an opportunity to for sellers to catch the drop...
NZDUSD has been trading inside a long-term rising channel visible on its daily chart. Price is currently testing the resistance and might be due for a selloff towards support. Stochastic is indicating overbought conditions so buyers might...
By Elliott Wave International A head-and-shoulders pattern is one of the most well-known classic chart patterns. In this 4-minute video from Jeffrey Kennedy’s Trader’s Classroom, you’ll see an example of a bearish head-and-shoulders formation and a bullish,...
USDCAD remains in uptrend from 1.2460, the fall from 1.3188 is likely correction of the uptrend. Another rise could be expected after correction, and next target would be at 1.3600 area. Support is at 1.2460, only break...
USDJPY stayed in the trading range between 105.54 and 111.88. As long as 111.88 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 123.75, and further decline to 100.00...
No changed in our view, AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 could be treated as correction of the downtrend. Resistance is at 0.7550, as long as this level holds, the downtrend could be...
GBPUSD broke below 1.4332 support, indicating that the upward movement from 1.3835 had completed at 1.4769 already. Further decline to test 1.3835 support could be expected over the next several weeks. Resistance levels are at 1.4500 and...
EURUSD stays in the upward price channel on daily chart, and remains in uptrend from 1.0517. Key support is now at 1.1097, as long as this level holds, the uptrend could be expected to continue and next...
The USD/JPY pair initially fell during the day on Friday but turned right back around to form a hammer. The hammer of course is a bullish sign, which of course was preceded by a hammer on Thursday...
The USD/CAD pair initially fell during the course of the session on Friday, but turn right back around to form a hammer. The hammer of course is a bullish sign so we could get a bit of...
