AUDUSD extended its bullish movement to as high as 0.7989. Now the pair is facing the resistance of the bearish price channel on its monthly chart at around 0.7900. A clear break above the channel resistance could...
GBPUSD broke above 1.3047 resistance and is now in uptrend from 1.2589. As long as 1.2811 support holds, the uptrend could be expected to continue and next target would be at 1.3500 area. On the downside, a...
EURUSD broke above 1.1450 key resistance and reached as high as 1.1682, confirming the double bottom pattern on the weekly chart. As long as the pair is above the rising trend line on the daily chart, the...
The US dollar fell significantly during the Friday session against the Japanese yen, slicing below the 111.50 level. Because of this, the market then fell towards the 111 handle, which of course has a certain amount of...
The US dollar fell again against the Canadian dollar during the session on Friday, as we reached towards the 1.25 handle. That’s an area that should cause a bit of support, but when you look at the...
The British pound initially rose during the day on Friday but found enough resistance at the 1.30 level to roll over and it now looks as if we are going to continue the move lower. I think...
The EUR/USD pair initially went sideways on Friday, but then spiked higher. The 1.1650 level offered enough resistance to turn the market around, but as I record this it looks as if we are continuing to go...
The Australian dollar fell initially during the day on Friday, but bounced somewhat significantly as we broke above the 0.79 handle again. Because of this, the market was very likely to continue to be choppy, but I...
Revised short term DXY (USD Index) Elliott Wave view suggests the decline from 6/20 peak (97.87) is unfolding as a double three Elliott wave structure. Down from 97.87 high, decline to 95.47 ended Minor wave W, and bounce to 96.51...
Being supported by the 20-week moving average, ETHUSD rebounded strongly from 135, and broke above the bearish trend line from the June 12 high of 415 to the June 29 high of 315 at 196 on the...
