AUDUSD broke below the rising support trend line on the 4-hour chart and is now in downtrend from 0.7712. Deeper decline is possible and next target would be at 0.7555, followed by 0.7535. Near term resistance is...
GBPUSD is facing the support of the ascending trend line on its 4-hour chart. As long as the pair is above the trend line, the fall from 1.3029 could be treated as consolidation of the uptrend from...
EURUSD is in consolidation of the uptrend from 1.1118. Range trading between 1.1290 and 1.1445 would likely be seen in a couple of days. As long as the 1.1290 key support holds, the uptrend from 1.1118 could...
USDJPY has been trending higher recently, 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 near the 112.50 minor psychological level...
There has been a lot of headlines lately as the world’s new favorite cryptocurrency Ethereum (ETHUSD) soared +5,000% in value before the price dropped and it’s currently still up over 3,500%. Ethereum was only developed two years ago while bitcoin’s...
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 an impulse Elliott Wave structure with extension. This 5 wave move could be Minor wave A...
GBPUSD Bullish Scenario: A bullish pattern can be seen for another possible move higher but has yet to trigger buys at the BC 0.50% Fib. level. If looking to buy GBPUSD traders should be patient and wait for...
XAUUSD’s downside movement from the June 6 high of 1295.94 extended to as low as 1218.45, breaking below the major support trend line from the January 27 low of 1180.51 to the May 9 low of 1214.17...
The US dollar skyrocketed against the Japanese yen during the session on Monday, touching the 113.50 level during the day. We are starting to pull back a little bit, as we are bit overextended, but quite frankly...
The US dollar rallied against the Canadian dollar during Monday, breaking above the 1.30 level. This is a bullish sign, as the 1.30 level needed to hold to keep hopes of bullish pressure alive. Remember that the...
