USDCAD extended its upside movement from 1.2450 to as high as 1.2816, breaking above an important resistance at 1.2778 (Aug 15 high). Near term support is at the rising trend line on the 4-hour chart. As long...
USDJPY extended its upside movement from 111.65 to as high as 114.24. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
AUDUSD extended its downside movement from 0.7897 to as low as 0.7690, facing a resistance-turned-support trend line on the weekly chart. At the same time, the pair stays below a bearish trend line on the 4-hour chart,...
GBPUSD broke above a major resistance level at 1.3228, indicating that the pair is in short term uptrend from 1.3087. Further rise could be expected and next target would be at 1.3337. A breakout of this level...
EURUSD continued its sideways movement in a trading range between 1.1725 and 1.1879. The sideways movement is likely consolidation of the short term uptrend from 1.1669. Another rise could be expected after the consolidation and a breakout...
USDCNH stays in a rising price channel on the 4-hour chart and remains in the short term uptrend from 6.5555. As long as the price is in the channel, the upside movement could be expected to continue...
FTSE Elliott Wave view suggests that Primary wave ((4)) ended with the decline to 7199.5. Up from there, rally is unfolding as an impulse Elliott Wave structure where Minor wave 1 ended at 7327.5 and Minor wave 2 ended...
The US dollar rallied significantly against the Japanese yen during the day on Tuesday, as we reached towards the 114 handle. I think there is a lot of noise between here and the 115 handle, so it’s...
The US dollar initially dipped lower against the Canadian dollar on Tuesday, but found enough support near the 1.2625 level to turn around and rally again. We have seen a significant move to the upside over the...
The British pound initially tried to rally during the day on Tuesday, but found the 1.3225 region to be too resistive again, as we have seen the market pull back from that level a couple of times...
