Being contained by 1.0462 (Mar 13, 2015 low) support, EURUSD rebounded from 1.0518. However, the rise is likely consolidation of the downtrend from 1.1299, further decline to test 1.0462 support is still possible. Resistance levels are at...
By Elliott Wave International Moving averages are a popular tool for technical traders because they can “smooth” price fluctuations in any chart. Senior Analyst Jeffrey Kennedy gives a clear definition: “A moving average is simply the average...
The USD/CAD pair broke down during the day on Thursday as oil markets rallied yet again. Breaking the bottom of the hammer from the previous session of course is a very negative sign but I think there...
The GBP/USD pair rallied at the beginning of the session on Thursday, but turned around to form a shooting star. If we break down below here, I think that the market will simply continue the overall consolidation...
The USD/JPY pair fell slightly during the Thursday session, but turned around to form a bit of a hammer. The hammer of course is a bullish sign, and because of this we could continue to go higher...
AUD/USD went back and forth during the Thursday session, so having said that it’s likely that the market will continue to be volatile in general. Ultimately, this is a market that tends to be greatly influenced by...
GBPJPY has been on a steady uptrend, moving above an ascending trend line connecting the latest lows of price action on its 1-hour chart. Price has surged past the 145.00 mark before showing signs of a pullback...
USDJPY continues to trend higher, moving above a rising trend line on its 1-hour time frame. Price recently broke past the resistance around the 113.50 minor psychological level and zoomed up to the 114.50 area before pulling...
USDCAD’s downward movement from 1.3588 extended to as low as 1.3356. Further decline is still possible, and next target would be at 1.3250 area. Resistance is at 1.3540, only break above this level could trigger another another...
USDJPY broke above 113.89 resistance, indicating that the uptrend from 101.18 has resumed. Further rise could be expected, and next target would be at 118.00 area. Near term support is at 112.15, as long as this level...
