The Australian dollar went back and forth during the day as the 0.75 level continues to attract traders. However, gold markets are broken out so a break above the top of the candle for the session could...
USDCAD remains in downtrend from 1.3455. Further decline is possible in a couple of days, and next target would be at 1.3200 area. Resistance is at 1.3380, as long as this level holds, the downtrend will continue.
USDJPY broke below 110.11 support and continued its downward movement from 115.50. Further decline could be expected in a couple of days, and next target would be at 108.00 area. Key resistance is now at 111.57, only...
AUDUSD’s downward movement from 0.7679 extended to as low as 0.7473. Further decline could be expected after a minor consolidation and next target would be at 0.7400 area. Near term resistance is at the top of the...
GBPUSD is now in downtrend from 1.2615, the price action from 1.2376 could be treated as consolidation of the downtrend. Another fall could be expected after the consolidation and next target would be at 1.2200 area. Resistance...
EURUSD remains in downtrend from 1.0905, the bounce from 1.0569 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart. As long as the pair is in...
Short term Elliott Wave view in Crude Oil (CL_F) suggests that cycle from 3/22 low (47.01) is unfolding as a double three Elliott wave structure where Minute wave ((w)) ended at 50.85 and Minute wave ((x)) ended at 49.88. Minute...
The USD/JPY pair tried to rally on Monday but gave back quite a bit of the gains. I think this market continues to consolidate between the 110 level on the bottom and the 112 level on the...
The US dollar went back and forth on Monday, as we continue to chop around the consolidation area that the market has been trading in for several weeks. I still believe that the US dollar has plenty...
The GBP/USD pair bounced during the session on Monday as the 1.2350 level held supportive. However, I think we are basically just bouncing around and overall consolidation, but the impulsive negative candle on Friday leads me to...
