GBPUSD stays in the triangle pattern on 4-hour chart. As long as 1.2418 key support holds, the price action in the triangle pattern could be treated as consolidation of the uptrend from 1.2109, and further rise to...
EURUSD’s bearish movement from 1.0905 extended to as low as 1.0629. Key resistance is now at 1.0689, as long as the pair is below this level, the downtrend could be expected to continue and next target would...
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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....
The USD/JPY pair rallied on Wednesday, but continues to find downward pressure above. Ultimately, I believe that the market continues to reach towards the 112 level, but it may be choppy between here and there. Because of...
The USD/CAD pair initially fell during the Wednesday trading session, but turned around to form a bullish candle as the oil inventory number out of the United States was worse than expected. Ultimately, it looks as if...
The British pound rallied during the session on Wednesday, as the 1.24 level continues to offer support. Because of this, it looks as if this is a “buy on the dips” type of market, but I...
The EUR/USD pair went back and forth during the trading session on Wednesday, as we continue to stagnate near the 1.0650 handle. I think that this market is simply consolidating in a very tight range and...
The Australian dollar tried to rally on Wednesday, but struggled a bit as we ended up forming a less than impressive candle. Because of this, I believe that the market is going to be very choppy going...
GBPAUD formed lower highs and higher lows, creating a symmetrical triangle formation on the 4-hour time frame. Price is starting to break past the triangle resistance, signaling that pound bulls are taking control of price action and...
