AUDUSD is now facing the falling trend line on its 4-hour chart. Breakthrough the trend line resistance would take price to next resistance level at 0.7875. Above this level would confirm that the downside movement from 0.8124...
GBPUSD broke above the falling trend line on its 4-hour chart, suggesting that the downtrend from 1.3657 had completed at 1.3027 already. Further rally could be expected in the coming days and next target would be at...
EURUSD broke above the top trend line of the price channel on the 4-hour chart and is now facing the 1.1832 key resistance. Above this level would indicate that the downside movement from 1.2092 had completed at...
The NZDUSD pair recently broke below an important support level at 0.7131 and extended its bearish movement from 0.7557 to as low as 0.7055, indicating that the bearish movement from 0.7557 has resumed. Further decline towards 0.6817...
NZDUSD Short term Elliott Wave view suggests the decline from 9/20 peak remains in progress a zigzag Elliott Wave structure. Down from 9/20 high (0.7434), pair ended Minor wave A at 0.7165. Subdivision of Minor wave A unfolded as 5 waves...
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The US dollar rallied slightly against the Japanese yen on Monday, as we are grinding a bit, trying to form a base at the 112.50 level again. I think there is a significant amount of support just...
The US dollar went sideways in general during the day on Monday, trying to break above the 1.2550 level. By doing so, the market looks likely to continue to try to reach towards the upside, but I...
The British pound initially rallied against the US dollar on Monday, but found a lot of trouble near the 1.32 level. We pulled back, and it looks as if were going to try to test the 1.31...
The EUR/USD pair was somewhat choppy during the day on Monday, as we continue to bounce around the 1.1750 level. If we can break out to the upside, the market should then go to the 1.18 level...
