Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of OIL. As our members know we were calling for further strength in OIL lately. Pull back against...
USDCAD moved sideways in a trading range between 1.3112 and 1.3241. As long as 1.3241 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3339, further decline towards 1.3000 is still possible...
USDJPY remains in the uptrend from 108.49, the price action from 111.12 is likely consolidation for the uptrend. As long as 110.25 support holds, the upside movement could be expected to continue and next target would be...
AUDUSD is facing 0.7206 resistance, a break of this level would indicate that the uptrend from 0.7054 has resumed then further rise towards 0.7300 could be seen. Near term support is at 0.7140, a breakdown below this...
GBPUSD extended its upside movement from 1.2772 to as high as 1.3287, breaking above 1.3217 resistance. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected...
EURUSD broke above 1.1371 resistance, suggesting that the upside movement from 1.1234 has resumed. Further rise could be expected in a couple of days, and next target would be at 1.1450 area. Support is at the rising...
EURGBP shows a sequence of lower low from August 29, 2017 high, suggesting further downside is likely. The bounce to 0.9105 on January 3, 2019 high ended wave (2). From there, pair declines as a double three...
Forex brokers in the European Union are having a terrible time right now. The looming Brexit conditions, the overwhelming pressure from ESMA and the general state of affairs have really tanked their performances. However, out of all...
USDCAD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.3112 could be treated as consolidation for the downtrend from 1.3339, another...
After touching 111.12 resistance, USDJPY pulled back into the trading range between 110.25 and 111.12, suggesting that lengthier consolidation for the uptrend from 108.49 is needed. However, as long as 110.25 support holds, one more rise towards...
