USDJPY moved sideways in a trading range between 106.61 and 107.78. As long as 106.61 support holds, the price action in the range could be treated as consolidation for the uptrend from 104.63 and a breakout of...
AUDUSD moved sideways in a trading range between 0.7738 and 0.7809. As long as 0.7738 support holds, the uptrend from 0.7642 could be expected to continue and next target would be at 0.7850 area. On the downside,...
GBPUSD remains in the uptrend from 1.3965, the fall from 1.4376 is likely consolidation for the uptrend. Key support is at 1.4220. As long as this level holds, the uptrend could be expected to continue and next...
EURUSD broke above 1.2396 resistance, suggesting that the uptrend from 1.2214 has resumed. Further rise could be expected after a minor consolidation and next target would be at 1.2500, followed by 1.2550. Support is at 1.2300, only...
USDCAD Elliott Wave short-term view suggests that the bounce to 1.2942 high ended Intermediate degree wave (2). Then the decline from there is unfolding in an impulse sequence with an internal sub-division of each leg lower is showing 5...
The US dollar has been very noisy during the trading session on Monday, as we continue to test the 107.50 level above. If we can break above there, the markets likely to continue to go much higher,...
The US dollar has gone back and forth during the trading session on Monday, as traders came back from the weekend. It looks likely that we will continue to see a lot of choppiness in this area,...
The British pound has rallied significantly during the trading session on Monday, breaking above the 1.43 level. That level has been significant resistance in the past, so the fact that we have broken above there suggests that...
The EUR/USD pair has rallied significantly during the trading session on Monday, reaching towards the 1.24 level, an area that will more than likely cause a bit of resistance as it is a large, round, psychologically significant...
The Australian dollar has been very choppy during trading on Monday initially, but it does look like we are going to continue to try to go higher. The 0.78 level above will be the initial target, but...
