EURUSD broke below 1.1780 support and extended its downside movement from 1.1879 to as low as 1.1736. Deeper decline to test 1.1669 support is still possible in the coming days, and a breakdown below this level could...
NASDAQ Futures rally from 2.11.2016 low is unfolding as an Elliott Wave Impulse as we can clearly see three channels in price and momentum (RSI) to support this idea. Wave ((1)) ended at 4919.50 as a diagonal,...
AUDUSD Short term Elliott Wave analysis suggests decline to 0.7731 ended Primary wave ((W)) on 10/6 low. Bounce in Primary wave ((X)) is proposed to be unfolding as a double three Elliott Wave structure. Intermediate wave (W) of ((X)) ended at...
USDCHF recently broke below the bottom support trend line of the price channel on its 4-hour chart, suggesting that the upside movement from 0.9420 had completed at 0.9836 already. Near term support is at 0.9704, a breakdown...
The US dollar initially tried to rally against the Japanese yen on Monday, after gapping a bit lower. We broke above the 112 level, but then turned back around to fall to the lows again. However, I...
The US dollar initially went sideways against the Canadian dollar on Monday, but then shot through the 1.25 handle. Ultimately, the markets did show a lot of volatility later in the day, but what I find interesting...
The British pound has been volatile during the Monday session, dropping down to the 1.3250 level and then bouncing. That being said, I believe that the area that has been massively important in the past should continue...
The EUR/USD pair had a choppy session, initially gapping lower but found enough support near the 1.1780 level to bounce and break above the 1.18 handle again. Part of the negativity may be due to the populist...
The Australian dollar drifted a slightly lower during the day on Monday, but I believe that there is plenty of support underneath to keep the market afloat. This is especially true close to the 0.78 handle underneath,...
EURUSD is in the process of forming a head and shoulders pattern on its daily time frame as it completes the right shoulder. The neckline is located at 1.1700 and a break below this support could send...
