Short term Elliott Wave view in EURJPY suggests that cycle from 3/12 peak (122.89) is unfolding as a double three Elliott wave structure where Minor wave W ended at 119.28 and Minor wave X ended at 120.45. Minor wave...
The USD/JPY pair initially fell during the trading session on Thursday but found enough support to turn around and form a hammer. It looks as if the 110 level is going to continue to offer support, while...
The US dollar initially tried to rally against the Canadian dollar on Thursday but with the oil markets rallying, that gave a bit of a boost to the Canadian dollar and we turned right back around and...
The British pound continues to find buyers every time we dip, and that’s exactly what happened on Thursday. We initially fell, and then turned around to reach towards the 1.25 handle again. This is a market that...
The EUR/USD pair continues to find support at the 1.0650 level, as we bounced enough to form a supportive candle yet again. Because of this, I believe that the currency pair is waiting for jobs number out...
The Australian dollar bounced during the day after initially falling on Thursday. This was due mainly to the 200-exponential moving average coming into play, which allow long-term traders pay attention to. Because of this, I think that...
GBPUSD has formed lower highs and higher lows on its 1-hour time frame, creating a symmetrical triangle pattern that could be due for a breakout soon. Price is currently testing the triangle support at 1.2460, still trying...
USDCAD moved sideways in a trading range between 1.3378 and 1.3455. Key support is at 1.3378, as long as this level holds, the uptrend from 1.3277 could be expected to continue, and further rise to 1.3500 area...
USDJPY moved sideways in a trading range between 110.11 and 112.19. The sideways movement is likely consolidation of the downtrend from 115.50, further decline could be expected after the consolidation and next target would be at 108.00...
AUDUSD stays below the descending trend line on 4-hour chart and remains in downtrend from 0.7679. As long as the pair is below the trend line, the downtrend could be expected to continue, and next target would...
