USDJPY broke above 110.26 resistance, suggesting that the upside movement from 108.11 has resumed. Further rise would likely be seen and next target would be at 111.00 area. Near term support is at the bullish trend line...
AUDUSD’s fall from 0.7676 extended to as low as 0.7560. Further decline is still possible and next target would be at the rising trend line on the 4-hour chart. Resistance levels are at 1.7630 and 0.7676, only...
GBPUSD’s downside movement from 1.3472 extended to as low as 1.3344. Further decline could be expected in the coming days, and next target would be at 1.3250 area. Resistance is at the falling trend line on the...
EURUSD is facing the support of the price channel on the 4-hour chart. As long as the channel support holds, the price action from 1.1840 could be treated as consolidation for the uptrend from 1.1510 and one...
With the advent of the internet age, the popularity of forex trading, and day trading particular, has risen exponentially. People who previously had no access to the markets due to various constraints and limitations can now participate...
NIFTY is trading in the powerful super cycle degree wave ((III) and should have further upside in the next few years. The rally started at 2009 low and we believe the cycle will continue until 2020-2022. The...
USDCAD remains in the uptrend from 1.2728. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3100...
USDJPY broke below 109.37 support, indicating that the upside movement from 108.11 had completed at 110.26 already. Further decline could be expected and next target would be at 108.50 area. Resistance is at 110.26, only a breakout...
AUDUSD broke below 0.7594 support, suggesting that the upside movement from 0.7476 had completed at 0.7676 already. Further decline could be expected in the coming days and next target would be at the rising trend line on...
GBPUSD broke below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the upside movement from 1.3204 had completed at 1.3472 already. Another fall could be expected and next target would...
