AUDUSD continued its sideways movement in a trading range between 0.7056 and 0.7168. Key support is at 0.7056, as long as this level holds, the sideways movement could be treated as consolidation for the uptrend from 0.7003,...
Being contained by 1.2960 support, GBPUSD rebounded from 1.2977. However, another fall to retest 1.2960 support is possible, a breakdown below this level could trigger further downside movement towards 1.2900. Resistance is at 1.3149, only break above...
EURUSD stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 1.1448. As long as the price is in the channel, the downside movement could be expected to continue and deeper...
I want to share with you Elliott Wave charts of Sugar which we presented to our members recently. You see the 1-hour updated chart presented to our clients on the 03/18/19. The higher degree trend of the pair is...
In the last FOMC meeting, the Fed turned cautious and said they will not raise benchmark interest rate this year. In addition, balance sheet normalization will also end in September from an “auto-pilot” approach. Normally the market...
USDCAD broke below 1.3371 support, suggesting that the upside movement from 1.3250 had completed at 1.3450 already. Further decline could be expected in the coming days and next target would be at 1.3300 area. Resistance is at...
USDJPY broke above 110.95 resistance, suggesting that the downside movement from 112.13 had completed at 109.70 already. Further rally could be expected in a couple of days and next target would be at 112.00 area. Near term...
AUDUSD move sideways in a trading range between 0.7056 and 0.7168. As long as 0.7056 level holds, the price action in the range could be treated as consolidation for the uptrend from 0.7003, further rise towards 0.7200...
GBPUSD broke below the rising trend line on the 4-hour chart. Further decline could be expected in the coming days and next target would be at 1.2900 area. Near term resistance is at 1.3135, a break of...
EURUSD’s downside movement from 1.1448 extended to as low as 1.1209. As long as the price is in the bearish price channel on the 4-hour chart, the downside movement could be expected to continue and next target...
