No changed in our view, AUDUSD remains in the downtrend from 0.7206, the bounce from 0.7069 is likely correction for the downtrend. Another fall is possible after the correction and next target would be at 0.7000 area....
GBPUSD broke above 1.3108 resistance, suggesting that the upside movement from 1.2772 has resumed. Further rise could be expected and next target would be at 1.3250 area. Support is located at the bullish trend line on the...
EURUSD is facing 1.1371 resistance, a break of this level could trigger further upside movement towards 1.1450 area. Support is at 1.1316, only a breakdown below this level could bring the price back to 1.1250 area.
British Pound Sterling is the best performing major currency last week. The Pound Sterling shows strength as the market senses progress towards a Brexit deal. This follows news pointing to progress in Brexit negotiations. Last week UK...
In this technical blog, we are going to take a look at the past performance of AUDCAD Elliott Wave 1-Hour Charts that we presented to our members. In which, the bounce to 1/31/2019 peak (0.9581) ended wave...
USDCAD extended its downside movement from 1.3339 to as low as 1.3124. As long as the price is below the falling trend line on the 4-hour chart, further decline is still possible and next target would be...
USDJPY continued its sideways movement in the trading range between 110.25 and 111.12. As long as 110.25 support holds, the price action in the range could be treated as consolidation for the uptrend from 108.49, a breakout...
AUDUSD remains in the downtrend from 0.7206, the bounce from 0.7069 is likely correction for the downtrend. Another fall could be expected after the correction and next target would be at 0.7000 area. Support is at 0.7069,...
GBPUSD remains in the uptrend from 1.2772, the pullback from 1.3108 is likely consolidation for the uptrend. Further rise could be expected after the consolidation and next target would be at 1.3200 area. Only a breakdown below...
EURUSD moved sideways in a narrow range between 1.1316 and 1.1371. As long as 1.1316 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.1234, a break of 1.1371...
