GBPUSD Elliott Wave short-term sequence from 3/01 low (1.3709) ended as a Leading Diagonal structure in Minor wave 1 at 1.4248 high in 5 waves. Down from there, the pair is correcting that cycle in Minor wave 2 pullback in 3,...
Facebook has been on the news lately when the world discovered that more than 50 million users had their personal data breached with the downloading of Kogan’s Application, a data harvesting route, which due to the lax...
The US dollar fell during the trading session on Thursday, reaching down towards the 106.50 level, which is an area that of course has been important more than once. It is looking to offer a bit of...
Looking at this market, the first thing that I notice is that the 1.2950 level has been resistance several times. However, the lows are starting to get higher, and that suggests that we are going to go...
The British pound chopped around against the Japanese yen during trading on Thursday, as the vital 150 level is just above. This was the previous uptrend line on the daily chart, and of course a large, round,...
The Euro bounce around during trading on Thursday, initially tried to rally, but then rolled over to test the 1.23 level again. I think that this level could be supportive, but I also recognize that we have...
The Australian dollar rallied a bit during the trading session on Thursday, reaching towards the 0.77 handle. This is an area that I think is going to be a bit resistive, suggesting that perhaps we could find...
USDCAD failed to break above 1.2948 resistance and stays in a trading range between 1.2814 and 1.2948. Another rise to test 1.2948 resistance is possible, a breakout of this level could bring price to 1.3000, followed by...
USDJPY remains in the uptrend from 104.63, the fall from 107.01 could be treated as consolidation for the uptrend. Support is at 105.75, as long as this level holds, the uptrend could be expected to resume and...
AUDUSD remains in the downtrend from 0.7916, the rise from 0.7642 is likely consolidation for the downtrend. Further decline could be expected after the consolidation and a breakdown below 0.7642 support could take price to 0.7600 zone....
