USDCAD broke below 1.2623 support, indicating that the upside movement from 1.2061 had completed at 1.2916 already. Deeper decline to test 1.2433 support could be seen next week. A breakdown below this level could trigger further downside...
USDJPY moved sideways in a trading range between 110.84 and 114.73. As long as 110.84 support holds, the sideways move could be treated as consolidation of the uptrend from 107.31, and another rise to test 115.50 resistance...
AUDUSD extended its upside movement from 0.7501 to as high as 0.7824. Further rise to test 0.7897 resistance could be seen next week. A break of this level could take price to next resistance level at 0.8000,...
GBPUSD failed in its attempt to break below the bullish trend line on the daily chart once again and rebounded from 1.3301. Further rise to test 1.3657 resistance would likely be seen next week. A breakout of...
EURUSD broke above 1.1961 resistance. Further rise to test 1.2092 resistance could be seen next week. A breakout of this level will confirm that the uptrend from 1.0340 (Jan 3 low) has resumed, then the following upside...
We now live in an interesting time. Every day we wake up with the news about either World Indices make all-time records or bad news about terrorist attack and nuclear test. Historically, humans have gone through these stages...
Nasdaq Short Term Elliott Wave view suggests that the Index remains bullish as far as pullbacks stay above Intermediate wave (4) at 6232.3. Rally from Intermediate wave (4) low unfolded as a double three Elliott Wave structure where Minor wave W ended at...
AUDNZD has been trending lower, moving inside a descending channel on its 4-hour time frame. Price is currently testing the resistance and could be due for a drop to support. The 100 SMA is below the longer-term...
USDCAD broke below 1.2623 support and extended its downside movement from 1.2920 to as low as 1.2556. Further decline is still possible and next target would be at 1.2433. Near term resistance is at the falling trend...
USDJPY’s fall from 113.63 extended to as low as 112.66. Further decline would likely be seen and next target would be at 112.03. Below this level could take price to next support level at 110.84. Near term...
