Technical Analysis

EURAUD Short-Term Elliott Wave view suggests that the decline to 1.5057 ended Intermediate wave (X). The rally from there appears to be unfolding as a 5 waves impulse Elliott Wave structure, suggestin...
Technical Analysis

German DAX turned nicely up, as we expected and moved sharply back above 13k figure. We see an impulsive reaction from recent swing low so we think it's wave C which can run up into 13100-13150 area w...
Technical Analysis

EURAUD Short term Elliott Wave view suggests that the decline to 10/27 low 1.5052 ended intermediate (X). A rally from there is unfolding as an impulse Elliott Wave structure with extension and showin...
Technical Analysis

GBPUSD: The pair may have hesitated the past week, but remains slightly biased to upside. Support lies at the 1.3200 level where a break will turn attention to the 1.3150 level. Further down, support ...
Technical Analysis

The euro has rebounded strongly against the U.S dollar, hitting 1.1807 during the European trading session. After dipping to 1.1722, EURUSD bargain hunters bought the pair the aggressively, despite th...
Technical Analysis

The British pound has moved sharply higher against the U.S dollar, hitting 1.3280 during today's European trading session. The pound has been one of the foreign exchange market's strongest performing ...
Technical Analysis

Gold has shifted to a more bullish bias in the near-term after strong upside momentum last Friday pushed the metal above a key Fibonacci level. On the 4-hour chart, a bullish signal was given by the c...
Technical Analysis

XAUUSD (1291.99): Gold prices rallied to a 4-week high by Friday's close as price action cleared past the major resistance level near 1285.00. As expected, the upside breakout from the range within 12...
Technical Analysis

USDJPY (112.01): The USDJPY extended the declines on Friday as price slipped through to the 112.00 support level. This marks the first target that has been achieved to the downside. Any gains are like...
Technical Analysis

EURUSD (1.1733): The EURUSD managed to consolidate near the 1.1800 handle on Friday. Price action remains slightly bullish following the breakout above the 1.1704 resistance level. In the near term, E...
Technical Analysis

A symmetrical triangle has dominated the USD/CNH currency pair since early August. It seems that this pattern has reach maturity, thus pointing to a soon breakout. As apparent on the chart, the US Dol...