EURUSD broke above 1.1250 resistance, suggesting that the downside movement from 1.1419 had completed at 1.1176 already. Further rally could be expected in the coming days and next target would be at 1.1300 area. Support is at...
In today’s blog we will look at Bank of America’s chart (BAC) which shows a blue box. This blue box represents the inflection area where a reaction in 3 waves at least can happen. Below, you see the 1-hour updated...
USDCAD broke below 1.3413 support, suggesting that consolidation for the uptrend from 1.3112 is underway. Range trading between 1.3345 and 1.3467 would likely be seen in a couple of days. As long as 1.3345 support holds, the...
USDJPY broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 108.49 had completed at 112.13 already. Deeper decline is possible in the coming days and next target would be at...
AUDUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 0.7198. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
GBPUSD extended its downside movement from 1.3350 to as low as 1.2960. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next...
EURUSD remains in the downtrend from 1.1419, the bounce from 1.1176 is likely consolidation for the downtrend. As long as 1.1250 resistance holds, the downside movement could be expected to continue and next target would be at...
In this blog, we take a look at US Dollar Index correlation with USDPLN and we also look at the updated Elliott wave charts of USDPLN which have been working very nicely since we highlighted the bullish...
Elliott Wave International’s Chief European Analyst, Brian Whitmer, claims that right now, Europe “is the closest thing a US investor will get a crystal ball.” If you find that intriguing (as we do), you’ll be glad to...
USDCAD broke above 1.3375 resistance, suggesting that the downside movement from 1.3664 had completed at 1.3068 already. Further rally could be expected and next target would be at 1.3600 area. Support is at 1.3300, a breakdown below...
