AUDJPY continues to trend higher and is moving inside an ascending channel pattern on its 4-hour chart. Price just bounced off the resistance at 90.30 and is making a pullback to support at the 89.00 area. Applying...
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USDCAD remains in the short term uptrend from 1.2061. Further rise towards the bearish trend line on the daily chart would likely be seen. As long as the price is below the trend line, the bounce from...
USDJPY stays above a rising trend line on its 4-hour chart and remains in the uptrend from 107.31. As long as the trend line support holds, the uptrend could be expected to continue and next target would...
After correction, AUDUSD broke below 0.7939 support and continued its downside movement from 0.8124. Further decline could be expected in a couple of days and next target would be at 0.7871, followed by 0.7807. Key resistance is...
GBPUSD moved sideways in a trading range between 1.3451 and 1.3652. The sideways movement is likely consolidation of the uptrend from 1.2774. As long as 1.3451 support holds, the uptrend could be expected to continue and next...
EURUSD failed to break below 1.1823 key support and stays in a trading range between 1.1823 and 1.2092, suggesting that lengthier consolidation from the uptrend from 1.0569 (Apr 10 low) is underway. As long as 1.1823 key...
Cryptocurrencies: Bitcoin & Ethereum Short Term Analysis The leading cryptocurrencies BTCUSD & ETHUSD rallied up from 09/15 low in a 3 waves Zigzag structure which ended wave (1) as part of an expected 5 waves diagonal to the upside. Both instruments is now doing a...
DXY Short Term Elliott Wave view suggests that the decline to 91.01 ended Primary wave ((3)). Primary wave ((4)) bounce remains in progress as a double three Elliott Wave structure. Up from 91.01, Intermediate wave (W) ended at 92.66...
XAUUSD failed to break above the descending trend line from 1357.45 to 1334.29 on its 4-hour chart and extended its downside movement to as low as 1293.25. On the daily chart, the XAUUSD pair moved below a...