GBPUSD broke above the falling trend line on its 4-hour chart, suggesting that the short term downtrend from 1.3029 had completed at 1.2811 already. Further rise to test 1.3029 resistance could be seen and a break of...
EURUSD remains in uptrend from 1.1118, the price action from 1.1445 could be treated as consolidation of the uptrend. Key support is at 1.1312, as long as this level holds, the uptrend could be expected to resume...
Short term NIFTY Elliott Wave view suggests the rally to 9709.3 ended Intermediate wave (1), and the pullback to 9449.06 low ended Intermediate wave (2). Intermediate wave (3) is unfolding as an Elliott wave double three structure where Minor wave W...
There is a descending trend line from the August 2015 high of 1.1713 to the May 2016 high of 1.1616, with resistance at around 1.1450, acting as the neckline of the double bottom pattern on the EURUSD’s...
The USD/JPY pair fell apart during the trading session on Wednesday as Janet Yellen testified in front of Congress. Essentially, she suggested that although the market can expect interest rates hikes, the reality is that it will...
The US dollar plummeted against the Canadian dollar after the Bank of Canada raised interest rates for the first time in 7 years. This and the market slicing through the 1.28 level underneath, and it looks as...
The GBP/USD pair had a volatile session on Wednesday, as Janet Yellen testified in front of Congress. This of course has a lot of effect on the US dollar, which in turn has an effect on this...
The EUR/USD pair went sideways initially during the day on Wednesday, but rolled over to fall down towards the 1.14 level. That’s an area that it obviously could cause some support due to the fact that it...
The Australian dollar had a strong session on Wednesday as Janet Yellen testified in front of Congress that the interest rate hikes coming out of the United States might be a little bit more measured and slower...
EURGBP is trending higher on its short-term time frames but it could have room for retracement to nearby support zones. Price is moving inside an ascending channel with support at the .8800 major psychological level. Applying the...
