USDCAD continued its downside movement from 1.2662 and the fall extended to as low as 1.2064. Resistance is at the bearish trend line on the 4-hour chart. As long as the price is below the trend line,...
USDJPY broke below 108.26 support, indicating that the downtrend from 114.49 (Jul 11 high) has resumed. Further decline could be expected and next target would be at 106.50. Near term resistance is at 109.39, only break above...
AUDUSD broke above 0.8065 previous high resistance. Further rise could be expected after a minor consolidation and next target would be at 0.8162. Support is located at the bullish trend line on the 4-hour chart, only a...
GBPUSD extended its bullish movement from 1.2774 to as high as 1.3138. As long as the price is above the bullish trend line from 1.2774 to 1.2852 on the 4-hour chart, the upside movement could be expected...
EURUSD broke above 1.2070 resistance, indicating that the uptrend from 1.1662 has resumed. Further rise could be expected and next target would be at 1.2165 area. Near term support is at 1.1979, followed by the bullish trend...
Gold has tested $1300 level 3 times since April and it finally broke above the level on Monday and rose to the highest level this year. The trigger of the break seems to be the North Korea...
AUDUSD Short Term Elliott Wave view suggests that the rally from 8/15 low is unfolding as a double three Elliott Wave structure. Up from 8/15 low, Minute wave ((w)) ended at 0.79957 and Minute wave ((x)) ended at 0.7868. Minute...
The US dollar went sideways initially on Wednesday, and then rallied towards the 109 level. However, we are starting to see a selloff during US trading, and it now looks like we are testing the bottom of...
The US dollar collapsed against the Canadian dollar during the session on Wednesday as the Bank of Canada raised interest rates, surprising most market participants. We felt towards the 1.2150 level underneath, and I believe now we...
The GBP/USD pair went sideways initially on Wednesday, but the Americans started buying the British pound in mass. Now that we are cleanly above the 1.3050 level, if we can stay above there for a daily close,...