GBPNZD has just bounced off its descending channel resistance and is making its way towards support. If the bottom at the 1.7300 handle holds, price could make another test of resistance. Stochastic is already indicating oversold conditions,...
USDCAD is forming sideways movement in a trading range between 1.3164 and 1.3308. Near term resistance is at 1.3308, a break through this level could take price to test the key resistance level at 1.3350. As long...
USDJPY is now in uptrend from 108.81. the fall from 111.41 could be treated as consolidation of the uptrend. Support is at 109.70, as long as this level holds, the uptrend could be expected to continue and...
AUDUSD is facing 0.7635 resistance, a break of this level will signal resumption of the uptrend from 0.7371, then the following bullish movement could bring price into 0.7700 zone. Support levels are at 0.7565 and 0.7519, only...
GBPUSD moved sideways in a trading range between 1.2634 and 1.2817. The key resistance is at 1.2850, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 1.3047 and...
EURUSD failed to break below the 1.1109 key support and stays in the trading range between 1.1109 and 1.1295, indicating that the pair remains in the uptrend from 1.0569 (Apr 10 low), and the sideways movement in...
Back in February, our friends at Elliott Wave International shared a lesson with subscribers that included a “very bullish chart pattern” in Starbucks (SBUX) — ahead of the 3-month 10% rally. Now, they’ve just posted a new...
USDCAD broke below the bottom trend line of the bullish price channel on its daily chart, indicating that the uptrend from 1.2968 had completed at 1.3793 already. The pair is now in downtrend, as long as the...
USDJPY failed to break below 108.13 support and rebounded from 108.81, indicating that the correction pullback from 114.36 is complete. Further rally to test 112.12 resistance could be expected, a break through this level could trigger another...
AUDUSD continued its upside movement from 0.7328 and the rise extended to as high as 0.7635. The uptrend could be expected to continue and next target would be at 0.8000 area. Near term support is at 0.7500,...
