The EUR/USD pair initially went sideways on Thursday, but then rallied a bit. However, we found enough resistance near the 1.1780 level to turn around and fall significantly. We are testing the 1.17 level as I write...
The Australian dollar fell precipitously during the session on Thursday, crashing into the 0.78 level. This is an area where we have a bit of a “hard floor”, and having said that it’s likely that the buyers...
NZDUSD could be in for more losses as price formed a head and shoulders pattern on its daily time frame. Price is also testing the neckline around the .7100 major psychological mark and a breakdown could send...
USDCAD broke above 1.2538 resistance and extended its bullish movement from 1.2061 to as high as 1.2584. As long as the price is in the rising price channel on the 4-hour chart, the uptrend could be expected...
USDJPY stays in a rising price channel on its 4-hour chart. As long as the channel support holds, the sideways movement in a trading range between 112.21 and 113.25 could be treated as consolidation of the uptrend...
AUDUSD broke below 0.7785 support and extended its downside movement from 0.8102 to as low as 0.7772. Key resistance is now at 0.7875, as long as this level holds, the bearish movement could be expected to continue...
GBPUSD continued its downside movement from 1.3657 and dropped sharply to as low as 1.3087, breaking below the 1.3153 support. Resistance is at the bearish trend line on the 4-hour chart, followed by 1.3291. As long as...
EURUSD stays in a trading range between 1.1696 and 1.1832, and is now facing 1.1696 support. A breakdown below this level could signal resumption of the downtrend from 1.2092, then deeper decline to test 1.1662 key support...
Short term Elliott wave view in Nikkei suggest that the cycle from August 29.2017 low (19055) is unfolding in 5 waves pattern. However looking at the internal subdivision of each wave the bounce looks corrective in nature with upside...
What is OBOR (One Belt One Road) One Belt One Road (OBOR) is an initiative originally coming from China’s president Xi Jinping in 2013. The plan is the single biggest initiative since the opening up of China...
