USDCAD’s upside movement extended to as high as 1.2895, facing the previous high resistance at 1.2920 (Dec 19, 2017 high). As long as the price is above the bullish trend line on the 4-hour chart, the upside...
USDJPY moved sideways in a trading range between 105.54 and 107.90. As long as 107.90 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 113.75 (Dec 12, 2017 low),...
AUDUSD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 0.7893. As long as the trend line resistance holds, the bounce from 0.7712 could be treated as treated as consolidation...
GBPUSD extended its downside movement from 1.4144 to as low as 1.3711. Further decline is still possible after a minor consolidation and next target would be at 1.3500. Resistance is at 1.3840, a break of this level...
EURUSD rebounded strongly after touching 1.2165 support, facing the resistance of the falling price channel on its 4-hour chart. As long as the price is in the channel, the bounce could be treated as consolidation for the...
Revised Short Term Elliott Wave view in Gold suggests that the yellow metal is still correcting cycle from 12/13/2017 low ($1236.3) as a double three Elliott Wave structure. Up from 12/13/2017 low, Intermediate wave (W) ended at $1366.06 and...
The US dollar has fallen against the Japanese yen during trading on Wednesday, reaching down towards the 106.50 level, an area that has been supportive a couple of times. Ultimately, I think that the market will find...
The US dollar has rallied significantly during the trading session on Wednesday, as we continue the uptrend. Oil markets look very soft, so it’s likely that we will continue to see this market rally to the upside...
The British pound has fallen rather precipitously during the trading session on Wednesday, reaching below the 1.38 handle. There is a significant uptrend line underneath though, and I think it will eventually pick this market out. In...
The EUR/USD pair has drifted a bit lower during the trading session on Wednesday, breaking down below the 1.2250 level, and reaching towards the 1.22 handle. There is a significant amount of support down to the 1.21...
