Short Term Elliott Wave View on EURUSD suggests that pair is currently in Primary wave ((2)) rally to correct cycle from Sept 24 high (1.1815) before the decline resumes. Internal of Primary wave ((2)) is unfolding as...
When it comes to day trading, things are really hard. The majority of the long-term traders suggest the new traders trade the market in the higher time frame. The position trading strategy is considered to be the...
USDCAD failed to break below the rising price channel on the 4-hour chart and rebounded from 1.3126. Further rally would likely be seen and next target would be at 1.3250 area. Support is at 1.3126, only a...
USDJPY’s downside movement from 114.20 extended to as low as 112.39. Further decline is still possible and next target would be at 111.50 area. Resistance is at 113.00, only a break of this level could bring the...
AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.7164 had completed at 0.7337 already. Deeper decline is possible and next target would be at 0.7200 area. Near term...
GBPUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3174. As long as the trend line resistance holds, the bounce from 1.2723 could be treated as consolidation for the...
EURUSD’s upside movement from 1.1215 extended to as high as 1.1464. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target...
The BEL20 Index Long Term Bullish Trend and Cycles Firstly, the BEL20 Index has trended higher with other world indices since the benchmark was established. The index remained in a long term bullish trend cycle into the May 2007...
USDCAD is testing the support of the price channel on the 4-hour chart. A breakdown below the channel support would indicate that the upside movement from 1.2782 had completed at 1.3263 already, then deeper decline to 1.3050...
USDJPY extended its downside movement from 114.20 to as low as 112.60. Further decline is still possible and next target would be at 112.00 area. Resistance is at 113.20, only a break of this level could bring...
