EURAUD looks ready for a selloff as price is forming a double top reversal pattern on its 4-hour time frame. The pair has yet to break below the neckline at the 1.5650 minor psychological mark before confirming...
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Gold Short Term Elliott Wave view suggests that Intermediate wave (X) ended with the decline to 1306.96. Up from there, the yellow metal is rallying in 5 waves impulse Elliott Wave structure where Minutte wave (i) ended at 1337, Minutte...
GBPUSD appears to be starting a new trend lower as price is creating a descending channel on its 4-hour time frame. Price is just testing the resistance, though, and might be due for a move back to...
USDCAD’s bounce from 1.2450 extended to as high as 1.2592. Further rise is still possible and next target would be at 1.2630 area. Near term support is at 1.2525, a breakdown below this level could bring price...
USDJPY stays in a falling price channel on its 4-hour chart and remains in the downtrend from 110.48. As long as the channel resistance holds, the bounce from 105.54 could be treated as consolidation for the downtrend...
AUDUSD remains in the uptrend from 0.7759, the fall from 0.7988 is likely correction for the uptrend. Near term support is at 0.7865, as long as this level holds, the uptrend could be expected to resume and...
GBPUSD is now in uptrend from 1.3764, the fall from 1.4144 is likely correction for the uptrend. Near term support is at 1.3935, as long as this level holds, the uptrend could be expected to resume and...
EURUSD is facing the support of the bullish trend line on its 4-hour chart. As long as the trend line support holds, the fall from 1.2555 could be treated as correction for the uptrend from 1.2205, and...
USDCAD is now in the downtrend from 1.2688, the bounce from 1.2450 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and a breakdown below 1.2450 support could take price to 1.2300...
