EURAUD was previously trading inside an ascending channel pattern and has surged past the resistance to signal a steeper climb. Price stalled upon reaching resistance at the 1.5600 mark, so a correction to the broken resistance could...
USDCAD extended its short term uptrend from 1.2666 to as high as 1.2789, facing a resistance level at 1.2819. A breakout of this level could take price to next resistance level at 1.2916, followed by 1.3100. Near...
USDJPY extended its downside movement from 114.73 to as low as 112.47 after breaking below 112.95 support. Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance...
AUDUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 0.7729. As long as the price is below the trend line, the downtrend could be expected to continue and next...
GBPUSD is now facing 1.3229 resistance. A break above this level could take price to next resistance level at 1.3337. Above this level could trigger further upside move to 1.3470 area. However, as long as 1.3337 resistance...
EURUSD failed in its attempt to breakout of 1.1879 resistance and pulled back from 1.1860. However, as long as the price is above 1.1740 support, the fall would possibly be consolidation of the uptrend from 1.1554, and...
CADJPY Short Term Elliott Wave view suggests that Minor wave X ended at 87.78. Up from there, pair rallies as a double three Elliott Wave structure where Minute wave ((w)) ended at 89.8 and Minute wave ((x)) is in progress....
The move away from Petrodollar In 1974, US President Richard Nixon and King Faisal from Saudi Arabia struck a deal. This deal gave birth to the petrodollar system which still lasts until this day. The deal involves Saudi Arabia selling...
BTCUSD rebounded strongly from the bottom support trend line of the price channel on the daily chart after a sharp drop from 7887, suggesting that the bitcoin price remains in the uptrend from 1812. As long as...
The US dollar initially tried to rally during the session on Tuesday, but found significant resistance at the 113.90 level. By pulling back, we reached towards the 113.50 level, finding support yet again. Ultimately, the market looks...
