EURUSD broke below 1.2259 support and extended its downside movement from 1.2555 to as low as 1.2221. Further decline is still possible and next target would be at 1.2165 support. Resistance levels are at 1.2300 and 1.2360,...
Short Term Elliott Wave view in Gold suggests the decline to $1306.8 ended Intermediate wave (X). However, the yellow metal needs to break above Intermediate wave (W) at $1366.06 to rule out the possibility of a double correction...
USDCAD remains in the short term downtrend from 1.2757. Deeper decline is still possible and next target would be at 1.2500 area. Resistance is at 1.2757, only break above this level could trigger another bullish movement towards...
USDJPY stays in a falling price channel on its 4-hour chart, indicating that the pair remains in the downtrend from 113.75 (Dec 12, 2017 low). Further decline is still possible after consolidation and a breakdown below 105.54...
AUDUSD broke above 0.7880 resistance, indicating that the downside movement from 0.7988 had completed at 0.7790 already. Further rally would likely be seen and next target would be at 0.7950 area. Support is at 0.7790, only a...
GBPUSD broke above 1.4025 resistance, suggesting that the short term downtrend from 1.4144 had completed at 1.3856 already. Further rise to test 1.4144 resistance would likely be seen in the coming days. Support level is at 1.3856,...
EURUSD continued its sideways movement in a trading range between 1.2259 and 1.2360. The key resistance is at 1.2360. As long as the price is below this level, the price action in the range could be treated...
The US dollar has gapped higher initially during Monday trading, but then turned around to break down significantly. By breaking down below the bottom of the gap, it forms a very negative outlook for the pair. We...
The US dollar pulled back slightly during the trading session on Monday but found enough support near the 1.26 level to turn around and rally. Remember, the Canadian dollar is highly sensitive to the oil markets, so...
The British pound has rallied significantly at the beginning of the Monday session, but ran into a significant trouble at the 1.4075 level. We pulled back from there, and it now looks as if the 1.40 level...
