USDJPY’s rise from 108.81 extended to as high as 111.78. Further rise is still possible after a minor consolidation and next target would be at 113.00 area. Key support is at 110.64, only a breakdown below this...
AUDUSD remains in the uptrend from 0.7371, the pullback from 0.7635 is likely consolidation of the uptrend. Key support is at 0.7519, as long as this level holds, the uptrend could be expected to resume and further...
GBPUSD broke below 1.2634 support, indicating that the downtrend from 1.3047 has resumed. Further decline could be expected over the next several days and next target would be at 1.2500 area. Near term resistance is at the...
EURUSD is facing 1.1109 support once again, a breakdown below this level could take price to the key support level at 1.1070. Below this level will confirm that that the uptrend from 1.0569 (Apr 10 low) had...
Gold-to-Silver Ratio Daily Chart Gold-to-Silver ratio is correcting cycle from 2/29/2016 peak (83.68) in 7 swing. While the bounces fail below 83.68 high, the ratio should resume lower or at least pullback in 3 waves. Down from...
Short term DAX Elliott Wave view suggests the decline to 12491.5 on 5/18 ended Intermediate wave (2). Up from there, the rally is unfolding as a double three Elliott Wave structure. Minute wave ((w)) ended at 12879.5 and Minute wave...
Under pressure by the resistance of the November 2016 high of 1.1299, the EURUSD pair pulled back from 1.1295 and broke below the major bullish support trend line at 1.1160 on its daily chart, indicating that a...
AUDNZD has been trending higher, moving inside an ascending channel visible on its 1-hour time frame. The pair has just bounced off support and could be due for a test of resistance soon. The 100 SMA is...
The USD/JPY pair went sideways initially during the day on Monday but then shot towards the 111.50 handle. By testing that area, we are trying to break through a significant resistance barrier. Once we break above their,...
The USD/CAD pair initially tried to rally on Monday, but found enough resistance near the 1.3250 level to turn around and form a move lower. However, we are starting to see the 1.32 level offer a bit...
