AUDUSD broke below 0.7587 support, indicating that the downtrend from 0.7749 has resumed. Further decline would be expected and next target would be at 0.7500 area. Near term resistance is located at the descending trend line on...
GBPUSD broke below the support of the ascending trend line on 4-hours chart, indicating that the downtrend from 1.2615 has resumed. Further decline could be expected in a couple of days, and next target would be at...
EURUSD remains in downtrend from 1.0905, the rise from 1.0635 is likely consolidation of the downtrend. Resistance is at 1.0705, as long as this level holds, the downtrend could be expected to continue, and further decline to...
Crude Oil (CL_F) started rallying from 03/22 low in a bullish structure which still needs another leg higher to become 5 impulsive waves. The instrument ended the minute wave (( iv )) at the 23.6% Fibonacci retracement area 49.96 from...
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...
USD/JPY daily chart, April 04, 2017 The USD/JPY pair continues to be volatile, as we have tested the 200-day moving average yet again on Monday. This is a market that looks as if it wants to go...
USD/CAD daily chart, April 04, 2017 The USD/CAD pair shot higher during the day as oil got pummeled. Because of this, I think if we can break above the 1.34 handle, we should then go to the...
GBP/USD daily chart, April 04, 2017 The GBP/USD pair fell during the day on Monday as we continue to chop back and forth with no direction in mind. Longer-term, it looks as if we may try to...
EUR/USD daily chart, April 04, 2017 The EUR/USD pair had a very flat day, forming a very neutral candle. Because of this, looks as if the market isn’t quite ready to do anything but if we can...
AUD/USD daily chart, April 04, 2017 The AUD/USD pair initially tried to rally during the day on Monday but found sellers as markets in general sold risk related assets. Ultimately, this is a market that I think...
