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USDCAD extended its upside movement from 1.2247 to as high as 1.2614, breaking above 1.2590 resistance. Near term support is at 1.2489. As long as this level holds, the uptrend could be expected to continue and next...
USDJPY moved sideways in a trading range between 108.28 and 110.48. The sideways move is likely consolidation of the downtrend from 113.75 (Dec 12, 2017 low). As long as 110.48 resistance holds, the downtrend could be expected...
AUDUSD’s downside movement from 0.8135 extended to as low as 0.7759. Further decline is still possible after a minor consolidation and next target would be at 0.7700 area. Near term resistance is at the top trend line...
GBPUSD remains in the downtrend from 1.4345, the bounce from 1.3836 is likely consolidation of the downtrend. Further decline towards 1.3600 is still possible after the consolidation. Near term support is at 1.3836, a breakdown below this...
EURUSD extended its downside movement from 1.2523 to as low as 1.2212. As long as the price is below the trend line on the 4-hour chart, the downside movement could be expected to continue and next target...
DXY Short Term Elliott Wave view suggests that the decline to 88.44 ended Intermediate wave (3). Up from there, correction in Intermediate wave (4) is in progress as a triple three Elliott Wave structure. Rally to 89.64 ended Minor...
The US dollar has been very noisy against the Japanese yen during the trading session on Tuesday, so it’s likely that the market should continue to be so. I believe that the risk appetite out there is...
The US dollar has rallied against the Canadian dollar during the trading session on Tuesday, as the market continues to price and the fact that the shale producers in the United States are starting to crank out...
The British pound tried to break above the 1.40 level during the early hours of Tuesday but found enough resistance at that area to send the market looking to lower levels. We are trying to find a...
