Short term USDJPY Elliott Wave view suggests the pullback to 111.7 low on 6/29 ended Minor wave X. Up from there, wave Y is unfolding as an Elliott wave zigzag structure where Minute wave ((a)) ended at 113.68 and Minute wave ((b)) ended...
After breaking below the major support trend line from the January 27 low of 1180.51 to the May 9 low of 1214.17 on its daily chart, XAUUSD continued to break below the key support at 1214.17, confirming...
The US dollar rose against the Japanese yen at the beginning of the Asian session on Monday, but once the Europeans and the Americans came on board, it became very quiet. A lot of this may be...
The US dollar initially rallied against the Canadian dollar, but found a bit of resistance near the 1.2930 level. We rolled over there, which is interesting because it was previously supportive. However, later in the day we...
The British pound initially tried to rally against the US dollar on Monday, but found enough resistance near the 1.29 level, and therefore fell a bit. We found support at the 1.2850 level, but it looks as...
The EUR/USD pair continues to dance around the 1.14 level during the day on Monday, and should continue to do so today. The market doesn’t look like it’s ready to make much in the way of movement,...
The Australian dollar initially tried to rally on Monday, but turned around at the 0.76 level to fall to the 0.7580 level. We hardly gone anywhere during the day though, and I believe the Australian dollar is...
EURAUD is trending higher recently and has been moving inside an ascending channel on its 1-hour time frame. Price just bounced off the resistance and could be due for a test of support at the 1.4900 major...
USDCAD remains in downtrend from 1.3347, the rise from 1.2859 is likely consolidation of the downtrend. Key resistance is at 1.3014, as long as this level holds, the downtrend could be expected to continue and next target...
USDJPY stays in a bullish price channel on its 4-hour chart and remains in uptrend from 108.81. As long as the pair is in the channel, the uptrend could be expected to continue and further rise to...
