The GBP/USD pair initially tried to rally during the session on Monday but pulled back as we continue to consolidate just above the 1.2750 level. Because of this, I think that a bounce will happen, but you...
The EUR/USD pair gapped at the open on Monday, as the French elections gave traders confidence in the EUR again. This being the case, we reached all the way to the 1.09 level and then fell. We...
The Australian dollar went back and forth on Monday as we continue to bounce around in consolidation. I believe there’s plenty of resistance at the 0.76 level. And exhaustive candle in that area would be and I...
USDCAD moved above 1.3535 resistance and reached as high as 1.3560. Further rise is still possible and next target would be at 1.3600 area. Near term support is at the ascending trend line on 4-hour chart, as...
USDJPY stays in a ascending price channel on 4-hour chart and remains in short term uptrend from 108.13. As long as the pair is in the channel, the upward movement could be expected to continue, and next...
AUDUSD stays above the ascending trend line on 4-hour chart, and remains in uptrend from 0.7491. Further rise could be expected after a minor consolidation and next target would be at 0.7650 area. Support is located at...
No changed in our view, GBPUSD remains in uptrend, the pullback from 1.2904 could be treated as consolidation of the uptrend. Support is at 1.2700, as long as this level holds, the uptrend could be expected to...
EURUSD remains in uptrend from 1.0569, the fall from 1.0918 is likely consolidation of the uptrend. Another rise could be expected after the consolidation and next target would be at 1.1000 area. Support is at 1.0775, as...
Short term Elliott wave view in USDCAD suggest that the cycle from 4/13 low (1.3218) is unfolding as an impulsive Elliott wave structure . This 5 wave move could be wave ((a )) of an Elliott wave zigzag structure structure or...
GBPUSD had previously been trading inside a range with support at 1.2100 and resistance at 1.2700. Just recently, price made an upside breakout, signaling that further gains are likely. The rectangle is 600 pips tall so the...
