Technical Analysis

The US Dollar is struggling to show any signs of strength as the EUR/USD keeps pushing higher and higher in a bullish trend channel (red/blue lines). A push above the horizontal resistance (orange) in...
Technical Analysis

Beginning with a peek at the weekly chart this morning, it's clear to see that weekly price recently bumped heads with a weekly resistance line that stretches as far back as mid-2015. From this angle,...
Technical Analysis

The EURUSD had a bullish momentum yesterday topped at 1.0819. The bias is bullish in nearest term testing 1.0830 – 1.0873 area which is a good place to sell with a tight stop loss. Immediate support...
Technical Analysis

Short term Elliott Wave view in USDJPY suggests that rally to 115.48 on 3/10 ended Intermediate wave (X). Decline from there is unfolding as a zigzag Elliott wave structure in which the first leg Mino...
Technical Analysis

Dollar's bearish run extended to fresh 1-month lows against its European rivals, which rallied on positive news coming from the region. The common currency got a boost from the outcome of the first Fr...
Technical Analysis

Nasdaq is turning sharply down from the highs and now trading at 5400 figure where we see a trendline of an ending diagonal. A break lower and daily close beneath 5400 will definitely suggest much low...
Technical Analysis

USDCAD accelerated reversal from daily high at 1.3362 after data and fully retraced 1.3274/1.3376 recovery rally of past three days, confirming an end of corrective phase and signaling continuation of...
Technical Analysis

The GBP/JPY got a backwind by renewed GBP strength and currently we can see nice intraday rejections off the supporting trend line. Two POC zones that might spur additional buying interest are 139.50-...