EURUSD broke above 1.0689 resistance, indicating that the downward movement from 1.0905 had completed at 1.0569 already. The pair is now in uptrend, further rise could be expected over the next several days, and next target would...
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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 fell during the day on Monday, as we continue to see bearish pressure. We did test the 61.8% Fibonacci retracement area though, and it would not surprise me to see a little bit of...
The USD/CAD pair fell during the day on Monday, as we go looking for the 1.3150 level underneath. That’s an area that has been supportive recently, so a break below the bottom of the Friday session would...
The British pound rallied during the day on Monday, breaking above the 1.25 handle, and testing the 1.26 handle. It looks as if the British pound is trying to break out to the upside, and because of...
The EUR/USD pair rally during the day on Monday and relatively thin conditions as Europeans would’ve been celebrating Easter Monday. Because of this, I think that we will have to pay attention to the possibility of resistance...
The AUD/USD pair rallied during the Monday session, testing the 0.76 level. If we can break above the top of the range for the day, the market will more than likely go looking for the 0.7750 level...
No changed in our view, USDCAD remains in uptrend from 1.3223, the fall from 1.3338 is likely correction of the uptrend. Further rise could be expected in a couple of days, and next target would be at...
USDJPY remains in downtrend from 111.57, the rise from 108.13 is likely consolidation of downtrend. Resistance is at 109.40, as long as this level holds, the downtrend could be expected to continue, and next target would be...
