The British pound fell during most of the session on Thursday, as the election of Parliament took center stage. Currently, it appears that the Conservative party will probably pick up a few seats, and therefore we are...
The Thursday session was very interesting in the EUR/USD pair, as we fell significantly, reaching towards the 1.12 level. However, as we go into the later part of the day, looks as if the buyers are trying...
The Australian dollar has been less than impressive during the session on Thursday, as the market looks likely to roll over a bit from here. If you use a little bit of imagination, you can see a...
USDCAD is facing 1.3540 resistance. As long as this level holds, the price action from 1.3387 could be treated as consolidation of the downtrend from 1.3793 and another fall towards 1.3200 could be expected after the consolidation....
USDJPY’s rise from 109.11 extended to as high as 110.38. Further rally is still possible and next target would be at around 111.00. Support is at 109.11, only a breakdown below this level could trigger another fall...
AUDUSD remains in uptrend from 0.7371, the fall from 0.7566 could be treated as consolidation for the uptrend. Range trading between 0.7500 and 0.7566 would likely be seen in a couple of days. Near term support is...
A sharp drop had taken the GBPUSD pair to 1.2700 area, indicting that the pair is now in downtrend from 1.3047. Further decline could be expected over the next several days, and next target would be at...
EURUSD broke below 1.1200 support, indicating that lengthier consolidation for the uptrend from 1.0569 (Apr 10 low) is needed. Deeper decline could be expected in a couple of days, and the target would be at around 1.1130....
Short Term AUDUSD Elliott Wave view suggests the rally from 5/9 low is unfolding as a double three Elliott Wave structure. Up from 5/9 (0.7325) low, Minute wave ((w)) ended at 0.7517 and Minute wave ((x)) ended at 0.7368. Pair has...
GBPUSD moved sideways in a trading range between 1.2756 and 1.3047. As long as the pair is above 1.2756 support, the sideways movement could be treated as consolidation of the uptrend from the March 14 low of...
