AUDUSD is in consolidation for the downtrend from 0.8135. Range trading between 0.7412 and 0.7650 would likely be seen in a couple of weeks. The key resistance is at the falling trend line on the daily chart....
GBPUSD stays in a falling price channel on its daily chart and remains in the downtrend from 1.4376. As long as the channel resistance holds, the bounce from 1.3204 could be treated as consolidation for the downtrend...
EURUSD remains in the downtrend from 1.2555, the bounce from 1.1510 is likely consolidation for the downtrend. Near term resistance is located at the top trend line of the price channel on the daily chart. As long...
The 2018 forex market has been rather consistent for the most part. There have not been any major incidences in the global economy and this has been reflected in the major currency pairs in the market. The...
Most World Indices spend time trading sideways in 2018. There are some exceptions such as FTSE from the U.K. and Russel from the U.S. which have been able to make a new high. Several factors however could...
USDJPY Short-term Elliott Wave view suggests that the rally to 111.40 on May 21 ended intermediate wave (A) as a Diagonal structure coming from March 26 low (104.52) cycle. Pair is currently correcting cycle from 3/26 low within Intermediate wave (B)....
USDCAD stays in a rising price channel on its 4-hour chart and remains in the uptrend from 1.2728. Further rise could be expected over the next several days and next target would be at 1.3100 area. The...
USDJPY broke above the top trend line of the price channel on its 4-hour chart, suggesting that corrective consolidation for the downtrend from 111.39 is underway. Range trading between 108.11 and 110.00 could be expected in a...
AUDUSD is now facing 0.7605 resistance. A breakout of this level could take the price to 0.7650 area. Above here would aim 0.7700 area. Key support is now at 0.7476, only a breakdown below this level could...
GBPUSD broke above the top trend line of the price channel on its 4-hour chart, suggesting that the downside movement from 1.3617 had completed at 1.3204 already. Further rally would likely be seen and the target would...
