USDJPY remains in the uptrend from 107.31, the fall from 113.25 is likely consolidation of the uptrend. Range trading between 111.47 and 113.25 would likely be seen in a couple of days. As long as 111.47 support...
AUDUSD broke below 0.7807 key support and extended its downside movement from 0.8102 to as low as 0.7799, indicating that the uptrend from 0.7328 (May 9 low) had completed at 0.8124 already. Near term resistance is at...
GBPUSD extended its downside movement from 1.3652 to as low as 1.3342. Near term resistance is at the top trend line on the price channel on the 4-hour chart. As long as the channel resistance holds, the...
EURUSD remains in the downtrend from 1.2029, the bounce from 1.1717 is likely consolidation of the downtrend. Near term resistance is located at the top trend line of the price channel on the 4-hour chart, now at...
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 USD/JPY pair continues to be volatile, as we had initially rallied during the day on Wednesday, but found the 113.25 level to be a bit too resistive. We have pulled back a bit, but I think...
The US dollar had a very volatile session against the Canadian dollar as it was suggested by members of the Bank of Canada that they would be cautious about raising rates, and perhaps the Canadian dollar gained...
The British pound fell significantly during the session on Wednesday, as we continue to bounce around at low levels, especially near the 1.34 level. At this point, the market looks likely to continue to drop from here,...
The EUR/USD pair fell during the course of the session, as we are now cleanly below the 1.18 level. We did bounce a little bit though, and it looks as if we make it a selling opportunity...
The Australian dollar has been very volatile during the trading session on Wednesday, as we continue to bounce around overall. The market looks susceptible to selloffs, so I suspect that any rally will end up being an...
