The EUR/USD pair rallied during the day on Wednesday, reaching towards the 1.1850 level. However, we pulled back and found enough support underneath to continue higher. The market has been very strong, and I think it will...
The Australian dollar was very volatile, as the Wednesday session has been massively supported at the 0.7950 level underneath. The 0.80 level above is significant resistance though, so it will be difficult to see a breakout above...
GBPNZD bounced a couple of times off the 1.7400 level, creating a double bottom pattern with a neckline at the 1.7850 minor psychological level. Price has yet to break past the resistance before confirming that a longer-term...
USDCAD broke above 1.2575 resistance, indicating that the downtrend from 1.3347 had completed at 1.2413 already. Further rally could be expected in a couple of days and next target would be at around 1.2690, followed by 1.2740....
USDJPY remains in the downtrend from 114.49, the bounce from 109.91 is likely consolidation of the downtrend. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as...
AUDUSD continued its sideways movement in a range between 0.7875 and 0.8065. Key support is at 0.7875, as long as this level holds, the uptrend could be expected to resume and another rise towards 0.8150 is still...
GBPUSD stays above a bullish trend line on its 4-hour chart and remains in uptrend from 1.2932. As long as the trend line support holds, the uptrend could be expected to continue and next target would be...
EURUSD’s bullish movement from 1.1312 extended to as high as 1.1908. As long as the pair is in the rising price channel on its 4-hour chart, the bullish move could be expected to continue and next target...
The USD Index has dipped over 9% this year. The weakness in US Dollar has been broad-based and consistent against all major currencies. The Dollar Index closed fifth straight month in losses , something which hasn’t happened since...
Short term USDCAD Elliott Wave view suggests the decline to 1.2411 ended Intermediate wave (3) of an Elliott Wave impulse structure from 6/2 peak. Intermediate wave (4) bounce is in progress as a double three Elliott wave structure where Minor wave W ended...
