USDJPY broke below 110.23 support and continued its downward movement from 114.36. Further decline to test 108.13 (Apr 17 low) support is possible after a minor consolidation. Near term resistance is at 109.90, only a break of...
AUDUSD broke above 0.7517 resistance. Further rise is still possible in a couple of days and next target would be at around 0.7550. Near term support is at 0.7457, only a breakdown below this level could signal...
GBPUSD’s bounce from 1.2769 extended to as high as 1.2949. However, the bounce would possibly be correction of the downtrend from 1.3047. As long as the pair is below the ascending trend line on its 4-hour chart,...
EURUSD remains in uptrend from 1.1109. Further rise could be expected after a minor consolidation and next target would be at 1.1450 area. Near term support is at 1.1200, only a breakdown below this level could take...
HG#F (Copper) is showing 5 swings incomplete sequence from 2/13/2017 high, preferred Elliott wave view suggests rally to 2.619 completed 6th swing as a FLAT in wave (B) and metal has now resumed the decline in 7th...
Short term Elliott wave view in NZDUSD suggest that the cycle from 5/11 low (0.6816) is unfolding as an impulsive Elliott wave structure . This 5 wave move could be a wave C of a FLAT correction or wave A of an Elliott wave zigzag structure structure. In either...
After touching the bottom support trend line of the price channel on the weekly chart, USDCNH rebounded strongly from 6.7210 to 6.7918, indicating that a short term bottom had been formed. Will the downtrend continue? There is...
The USD/JPY pair had a choppy session on Monday, as we rallied towards the 110.75 level, but found that area resistive a couple of times. Currently, it looks as if the market is trying to consolidate, which...
The USD/CAD pair tried to rally during the day on Monday, but found the 1.35 level above to be resistive. Because of this, we rolled over and try to reach towards the 1.3450 level during the day....
The GBP/USD pair initially gapped lower at the open on Monday, but then went sideways for several hours. After that, the market broke higher, reaching above the 1.29 level above. That was a resistance barrier that has...
