EURGBP recently broke out of a price channel on its 4-hour chart and moved sideways in a trading range between 0.8746 and 0.8899, suggesting that consolidation for the bearish movement from 0.9306 is underway. The EURGBP pair...
AUDJPY Short Term Elliott Wave view suggests that the rally to 90.31 ended Intermediate wave (W). Intermediate wave (X) pullback remains in progress as a double three Elliott Wave structure. Down from 90.31, Minor wave W ended at 88.44 and Minor...
The US dollar initially rallied against the Japanese yen, but found a bit of trouble at the 113.25 level. Because of this, it looks likely that we are going to continue to churn in this area, but...
The US dollar initially tried to rally against the Canadian dollar, but has found the 1.25 level to be resistive. I think it’s pretty simple from this point, if we can break above the 1.25 level on...
The GBP/USD pair initially fell during the day on Thursday, reaching down towards the 1.3350 level. However, we turned around to bounce significantly, only to see resistance at the 1.3450 level. I think this market continues to...
The EUR/USD pair initially fell on Thursday, but found enough support near the 1.1725 level to turn around and bounce. We had formed a “W pattern” on the hourly chart, and it looks as if the buyers...
The Australian dollar fell rather precipitously during the day on Thursday, testing the 0.78 level underneath. This market offered a bit of support in that area, and it looks likely that we will bounce from here. I...
EURUSD recently broke below support around the 1.1850 minor psychological level then dropped close to the 1.1700 mark. Price appears to be making a correction from here and applying the Fibonacci retracement tool shows that the 50%...
Aside from a brief dip a few weeks ago, U.S. stocks have been the embodiment of stability. And many in the mainstream are talking about this continuing for the foreseeable future. If there’s one thing we know,...
USDCAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2061. As long as the price is above the trend line, the fall from 1.2519 could be treated as consolidation...
