After consolidation, USDCAD broke below 1.3164 support and continued its bearish movement from 1.3793 (May 5 high), and the fall extended to as low as 1.3147. Further decline could be expected during the coming days and next...
USDJPY’s bullish movement extended to as high as 112.46. Near term support is at 111.50, as long as this level holds, the uptrend from 108.81 could be expected to continue and next target would be at 113.50...
AUDUSD continued its sideways movement in a trading range between 0.7519 and 0.7635. As long as the pair is above 0.7519 key support, the sideways move could be treated as consolidation of the uptrend 0.7371, and another...
GBPUSD moved above 1.2817 resistance, indicating that the downtrend from 1.3047 had completed at 1.2589 already. Further rally would likely be seen and next target would be at 1.2950 area. Near term support is at the ascending...
After consolidation, EURUSD broke above 1.1295 resistance and continued its bullish movement from 1.0569 (Apr 10 low), and the rise extended to as high as 1.1349. Further rise could be expected after a minor consolidation and next...
Hello fellow traders. In this technical blog we’re going to present the past Elliott Wave charts of Hang Seng ( $HSI-HKG ) . As our members know, we were pointing out that Hang Seng is having incomplete bullish...
Short term EURJPY Elliott Wave view suggests the decline to 122.35 on 6/15 low ended Intermediate wave (X). Rally from there is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ended at 124.46 and Minute...
USDCNH’s bullish movement from the June 1 low of 6.7210 extended to as high as 6.8583 and broke above the key resistance at the March 15 low of 6.8450, suggesting that the long term uptrend from the...
The USD/JPY pair initially tried to rally during the session on Monday but ran into quite a bit of trouble near the 111.75 level. We pulled back, looking for support near the 111.35 handle, where we had...
The US dollar fell initially against the Canadian dollar, reaching towards the 1.32 level. However, on the hourly chart we ended up forming a bit of a hammer. The hammer of course is a very bullish sign,...
