Short term Elliott Wave view in Gold (XAUUSD) suggests that cycle from 4/10 low (1246.92) is unfolded as an impulse Elliott wave structure where Minutte wave ((i)) ended at 1257.2, Minutte wave (ii) ended at 1250.8, Minutte wave (iii) ended at...
The USD/JPY pair initially rallied on Tuesday, but found enough resistance above to turn around and form a negative candle. It looks as if we are going to test the bottom of the hammer from the previous...
The USD/CAD pair broke out to the upside during the day on Tuesday, breaking the top of the hammer from Monday. We look as if we are ready to continue the consolidation, and that means that the...
The GBP/USD pair rallied during the day on Tuesday, breaking above the 1.2750 level. The Prime Minister of England suggested that a snap election is going to be held, and that could speed along the process of...
The EUR/USD pair rally during the day on Tuesday, reaching towards the 1.07 level. It now looks as if we can break above the top of the daily range, the market should then reach towards the 1.0750...
The AUD/USD pair fell during the trading session on Tuesday, touching the 200-day exponential moving average. I still think there’s a significant amount of support below at the 0.75 level, so a supportive candle could be a...
USDCAD’s upward movement from 1.3223 extended to as high as 1.3400. Further rise is still possible and next target would be at 1.3500 area. Support is at 1.3330, as long as this level holds, the uptrend will...
USDJPY remains in downtrend from 112.19, the price action from 108.13 is likely consolidation of the downtrend. Resistance is at the top of the price channel on 4-hour chart. As long as the pair is in the...
AUDUSD broke below 0.7535 support, indicating that the upward movement from 0.7473 had completed at 0.7610 already. Deeper decline to test 0.7473 support could be expected, a breakdown below this level will confirm that the downtrend from...
GBPUSD continued its upward movement from 1.2365 and the rise extended to as high as 1.2904. Further rise could be expected after consolidation and next target would be at 1.3000 area. Support levels are at 1.2755 and...
