OPEC ended its highly anticipated meeting on Vienna last Thursday to discuss about extending the production cut in Crude Oil. They have decided to extend the current agreement to cut production output by 1.8 million barrels per day by...
AUDNZD since March 13/2017 has been moving lower. There are possible bullish patterns that can push the pair higher but traders need to see AUDNZD price action slow down and show possible signs that it wants to...
Since the correction between the year 2000 and 2009, many traders around the world have developed an idea of bearish World Indexes with more downside to come. With Fed driving Market, everyone is under the idea that Global Indexes...
Short Term GBPJPY Elliott Wave view suggests the decline from 5/10 peak is unfolding as a double three Elliott Wave structure where Minor wave W ended at 143.33 and Minor wave X ended at 145.45. The subdivision...
After breaking below the triangle pattern on its daily chart, USDCNH dropped sharply to as low as 6.8010. Now the pair stays in a descending price channel on its 4-hour chart, indicating that the pair remains in...
The USD/JPY pair fell significantly during the day on Tuesday, as we tested the 110.80 level below for support. We rolled over again though, and it looks as if we may try to continue to go little...
The USD/CAD pair rose during the day after initially drifting a little bit lower on Tuesday but found the 1.35 level to be resistive. By running into that resistance, it sets up a very interesting potential trade...
The British pound broke out to the upside during the day on Tuesday after initially dipping lower. Now that we have broken above to make a “higher high”, it looks as if the market is going to...
The EUR/USD pair initially fell during the day on Monday, dropping all the way down to the 1.11 level early, but then bounced significantly and reached towards the 1.12 level above. That area offered a bit of...
The Australian dollar fell a bit during the day on Tuesday, but found enough support near the 0.74 level to turn things around and shoot much higher. Breaking above the 0.7450 level is very significant, and if...
