EURUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.0768. As long as the trend line support holds, the upside movement could be expected to continue and next target...
USDCAD is facing 1.3920 support, a breakdown below this level could take the price to 1.3700 area. Near term resistance is at 1.4100, a break of this level could trigger another upside movement towards 1.4600.
USDJPY is in consolidation for the uptrend from 101.17. Range trading between 106.90 and 111.71 would likely be seen in a couple of days. As long as 106.90 support holds, the uptrend could be expected to resume...
AUDUSD extended its upside movement from 0.5507 to as high as 0.6367. Further rise would likely be seen and next target would be at the falling trend line on the daily chart. Near term support is at...
GBPUSD is now in the uptrend from 1.1409, the pullback from 1.2485 is likely consolidation for the uptrend. Further rise would likely be seen and a break of 1.2485 resistance could trigger further upside movement towards the...
EURUSD moved sideways in a trading range between 1.0635 and 1.1147. As long as 1.1147 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.1496, and further decline to...
The novel corona virus forces government around the world to implement various mitigation measures to flatten the contagion curve. Some of the popular introduce social distancing where people must stay at home as much as possible. Others...
Short Term Elliott Wave View suggests rally in Gold (XAUUSD) from March 16 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from March 16 low, wave ((1)) ended at 1519.57, and pullback in...
In volatile markets especially, you often see price gaps — those blank spaces on a chart where the prices jumped so fast, they left a gap behind. Did you know there are 4 types of price gaps...
USDCAD is testing 1.2920 support, a breakdown below this level could signal resumption of the downtrend from 1.4667, then next target would be at 1.3800 area. Near term resistance is at 1.4080, above this level could trigger...
