GBPUSD’s downside movement from 1.3217 extended to as low as 1.2772. Further decline could be expected next week and next target would be at 1.2500 area. Near term resistance is at 1.2960, only a break of this...
EURUSD is facing 1.1215 support, a breakdown below this level will indicate that the downside movement from 1.2555 (Feb 16, 2018 high) has resumed, then further decline towards 1.1000 area could be seen. Near term resistance is...
USDCAD broke above 1.3329 resistance, suggesting that the upside movement from 1.3068 has resumed. Further rise could be expected in the coming days and next target would be at 1.3450 area. Key support is at 1.3195, only...
USDJPY remains in the uptrend from 108.49, the pullback from 111.12 is likely consolidation for the uptrend. As long as the price is in the bullish price channel on the 4-hour chart, the upside movement could be...
AUDUSD remains in the short term uptrend from 0.7054, the pullback from 0.7135 is likely correction for the uptrend. Another rise could be expected after the correction and the target would be at 0.7180 area. Support is...
GBPUSD extended its downside movement from 1.3217 to as low as 1.2772. Further decline could be expected in the coming days and next target would be at 1.2700 area. Near term resistance is at 1.2850, a break...
EURUSD moved sideways in a trading range between 1.1249 and 1.1341. As long as 1.1341 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.1514, further decline to 1.1200 area is still...
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of SPX, published in members area of the website. Back in December 2018 we were calling cycle from...
Elliott wave view in Gold suggests that rally from August 16, 2018 low ($1160.37) is unfolding as an Elliott Wave Impulse structure. Rally to $1326.53 ended wave (3). Wave (4) pullback is in progress as a double...
The capitalization of the positions of the CME Group participants reporting to CFTC on derivatives on the British pound increased by 8%. The total capitalization of derivative markets for British Pound reached $ 42 billion 69 million....
