EURJPY had been trading inside an ascending channel pattern and price has broken below support. This signals that a reversal from the uptrend is underway, although additional confirmation could still be needed from technical indicators. The 100...
GBPJPY recently bounced off the top of its ascending channel and is now making its way to support. Applying the Fib tool on the latest swing low and high shows that this lines up with the 61.8%...
USDCAD broke below 1.2489 support, suggesting that the upside movement from 1.2247 had completed at 1.2688 already. Further decline would likely be seen in a couple of days and next target would be at 1.2400 area. Resistance...
USDJPY’s downside movement from 110.48 extended to as low as 106.42, breaking below 107.31 (Sep 8, 2017 low) support. Further decline would likely be seen after a minor consolidation and next target would be at 105.00 area....
AUDUSD broke above 0.7910 resistance. Further rally would likely be seen and next target would be at 0.8000 area. Near term support is at 0.7860, only a breakdown below this level could bring price back to test...
GBPUSD is facing 1.4066 resistance. A breakout of this level would suggest that the downside movement from 1.4345 had completed at 1.3764 already, then further rise towards 1.4345 resistance could be seen. On the downside, as long...
EURUSD’s upside movement from 1.2205 extended to as high as 1.2473. Further rise to test 1.2537 resistance would likely be seen after a minor consolidation. Near term support is at 1.2400, only a breakdown below this level...
USDJPY Short-term Elliott Wave view suggests that the rally to 110.48 high ended Intermediate wave (4) bounce on February 02.2018 peak. Below from there, the decline is unfolding as an Ending Diagonal Structure within Intermediate wave (5) lower. Where Minor wave 1 ended...
The 107.50 level underneath is the bottom of a larger consolidation area that the pair has been in for some time, and the fact that we slammed into it during trading on Tuesday suggests that we are...
The US dollar has gone sideways against the Canadian dollar during Tuesday trading, dancing around the 1.26 level. Obviously, oil markets will have their influence on the Canadian dollar, so you should pay attention to what’s going...
