AUDUSD broke below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the upside movement from 0.7412 had completed at 0.7605 already. Further decline could be expected in the coming days...
GBPUSD extended its downside movement from 1.3617 to as low as 1.3204. Resistance is at the top trend line of the price channel on the 4-hour chart. As long as the channel resistance holds, the downside movement...
EURUSD extended its downside movement from 1.1996 to as low as 1.1510. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next...
The CAC 40 Index Long Term Bullish Cycles Firstly the CAC 40 index long term bullish cycles have been trending higher with other world indices. In September 2000 it put in an all time high. From there...
EURUSD short-term Elliott wave view suggests that the decline from ( 1.1996 ) 5/14/2018 peak is unfolding as ending diagonal structure in Intermediate wave (5) lower as mentioned in the previous post here. The internals of each of leg in ending diagonal structure is...
Forex trading is the buying and selling of currencies in a global market. It is a decentralized industry where traders interact over the counter. This market is huge and immensely liquid due to a trading volume which...
USDCAD extended its upside movement from 1.2728 to as high as 1.3021, breaking above 1.2997 resistance. Further rise is still possible and next target would be at 1.3100 area. Support is at the bullish trend line on...
USDJPY broke below 108.95 support, suggesting that the downside movement from 111.39 has resumed. Further decline could be expected and next target would be at 108.00 area. Resistance is now at 109.82, as long as this level...
AUDUSD broke below 0.7522 support. Deeper decline would likely be seen and the target would be at the bottom support trend line of the price channel on the 4-hour chart. A clear break below the channel support...
GBPUSD stays in a falling price channel on its 4-hour chart and remains in the downtrend from 1.3617. As long as the price is in the channel, the downside movement could be expected to continue and next...
