Technical analysis of Forex market

WTI Hits New One-Year Low on Fresh Bearish Acceleration

WTI oil price fell to the session low at $53.62 (the lowest since Oct 2017) in steep bearish acceleration in early US session trading on Tuesday. US stocks were sharply ...
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GBPAUD Attempts Rebound from 3-Month Low; Looks Bearish in the Medium Term

GBPAUD rebounded after hitting a three-month low of 1.7473 on Friday. It is currently trading around 200 pips above the aforementioned trough. Despite recovering somewhat, the pair continues to look ...
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Elliott Wave Analysis: EURUSD Unfolding A Reversal

EURUSD looks as it has ended its complex decline, down from September highs as we see all three waves W,X,Y unfolded. Also price made a recovery at the 1.122 level, ...
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GBPUSD In Consolidation Mode

The British pound is starting to consolidate around the 1.2850 level against the US dollar, as traders await the latest news surrounding a potential leadership challenge to UK PM Theresa ...
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USD/CAD Uptrend Intact at the Start of a Potentially Quiet Holiday Week

It’s a day of dispersion in the global FX market, with European currencies rising against the greenback and commodity dollars losing ground versus the world’s reserve currency. The day’s only ...
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EURJPY Threatens Further Bullishness On Recovery Higher

EURJPY threatens further bullishness on recovery higher. This is coming on the back of its flat close the past week. Support comes in at the 128.50 level where a break ...
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Crude Oil Turning Up

Pivot (invalidation): 56.45 Our preference Long positions above 56.45 with targets at 57.95 & 58.35 in extension. Alternative scenario Below 56.45 look for further downside with 55.90 & 55.60 as ...
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Silver Spot Supported By A Rising Trend Line

Pivot (invalidation): 14.2900 Our preference Long positions above 14.2900 with targets at 14.4600 & 14.5300 in extension. Alternative scenario Below 14.2900 look for further downside with 14.2200 & 14.1600 as ...
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Elliott Wave Analysis: USDJPY Update

As expected, USDJPY is finally turning lower, which more and more looks like it’s a wave »iii« in play after that projected leading diagonal in wave »i« from the highs ...
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USDZAR Trades Below Downtrend Line; Outlook Cautiously Negative

USDZAR has been printing lower highs and lower lows on the daily chart, below a downtrend line drawn from the highs of September 6. The pair has also recently fallen ...
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CADJPY Struggles Inside Bollinger Band Levels; Positive View in Long-Term

CADJPY is back in bullish mode in the daily timeframe over the last eight months that helped the market to head higher and peak at 89.25 on October 3. While ...
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