The EUR/USD pair did very little during the day on Monday, as we continue to grind just below the 1.12 level, an area that of course has a certain amount of psychological importance, but currently seems to...
The Australian dollar had a choppy back and forth type of situation form on Monday, as we gapped lower, then bounced to find resistance at the 0.7450 level. After that, we fell down to the 0.7425 level,...
EURGBP has been trending lower on the daily time frame and is currently testing the resistance of its descending channel. If this keeps gains in check, price could head back down to support at the .8300 major...
USDCAD broke out of the resistance trend line of the price channel on 4-hour chart. Further rally to test 1.3540 resistance is possible. As long as the price is below this level, the rise from 1.3387 could...
USDJPY moved sideways in a narrow range between 110.86 and 112.13. Initial support is at 110.86, as long as this level holds, the fall from 112.13 could be treated as correction of the uptrend from 110.23, and...
AUDUSD remains in downtrend from 0.7517. Further decline could be expected after a minor consolidation and next target would be at 0.7350 area. Resistance is at 0.7465, as long as this level holds, the downtrend will continue.
GBPUSD is now in the downtrend from 1.3047, the bounce from 1.2775 is likely consolidation of the downtrend. Resistance is located at the bottom support trend line of the price channel on 4-hour chart which turns to...
EURUSD broke below 1.1161 key support, indicating that the short term bullish movement from 1.0839 had completed at 1.1267 already. Further decline could be expected and next target would be at around 1.1050. However, as long as...
In this technical blog we’re going to take a look at the past Elliott Wave charts of $ES_F (S&P 500) and explain Elliott Wave Flat structure. As our members know, we were pointing out that $ES_F (S&P 500) is...
Short Term Elliott Wave view in $ES_F E-Mini S&P suggests that the rally from 5.18.2017 (2344.5) low is unfolding as a 5 waves Elliott Wave impulse structure where Minutte wave (i) ended at 2375, Minutte wave (ii)...
