USDJPY broke above the bearish trend line on the daily chart. Further rally to test 107.90 key resistance could be expected next week. A breakout of this level would indicate that the downside movement from 113.75 had...
AUDUSD remains in the downtrend from 0.8135, the bounce from 0.7712 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and next target would be at 0.7500 area. Near term support is...
GBPUSD is now in the downtrend from 1.4345. Further decline would likely be seen in a couple of weeks and next target would be at 1.3500, followed by 1.3000. Near term resistance is at the falling trend...
EURUSD is now in downtrend from 1.2555, the bounce from 1.2154 is likely correction for the downtrend. Further decline would likely be seen in a couple of weeks and a breakdown below 1.2154 support could take price...
Copper (HG_F) broke below $3.5 low ($3.095) earlier today. As a result, it shows a bearish sequence from 2/16 peak ($3.272), risking for further downside. Current short term Elliott Wave view in Copper suggests that the rally to $3.272...
The US dollar has gone back and forth during the course of the session on Thursday, as we continue to see a lot of noise in this market. I believe that the market is of course going...
The US dollar has rallied initially during trading on Thursday, reaching as high as 1.2950 during the early hours, but have pulled back just a little bit to test the 1.29 level. In general, this market is...
The British pound went sideways overall during the trading session on Thursday, as we are starting to test a minor uptrend line. This uptrend line will probably give way, and if it does I think will go...
The ECB had a press conference during Thursday trading session that through the market into disarray. Initially, it suggested that perhaps inflation was building, and that had people buying the EUR. However, this was later contradicted by...
The Australian dollar has rallied a bit after initially falling during the trading session on Thursday. The 0.78 level underneath is going to continue to be an area of interest, as it is a large, round, psychologically...
