The US dollar has rallied against the Canadian dollar during the trading session on Tuesday, as the market continues to price and the fact that the shale producers in the United States are starting to crank out...
The British pound tried to break above the 1.40 level during the early hours of Tuesday but found enough resistance at that area to send the market looking to lower levels. We are trying to find a...
The EUR/USD pair broke down a bit during the trading session on Tuesday, reaching down towards the 1.2325 level, and more importantly, the 1.23 level. This is an area that has been short-term support, and could cause...
The Australian dollar has rolled over during the trading session on Tuesday, showing signs of weakness yet again. Pay attention to the gold markets, because they of course will have influence on what’s going on here, and...
EURUSD appears to be pulling back from its latest rally as price could correct to the ascending trend line or Fib levels on the daily time frame. The 50% retracement level is closest to the trend line...
GBPUSD recently broke past the resistance of a long-term ascending channel, indicating that a steeper climb may be underway. Price has since pulled back to the broken resistance, which is now holding as support and seeing a...
EURJPY suffered a steep drop recently but is currently pausing at the bottom of its ascending channel on the 4-hour time frame. A bounce off this region could take price up to the resistance at 137.25-137.50. The...
USDCAD popped up from support around the 1.2250 minor psychological level to the 1.2400 area, which lines up with an area of interest. This could also serve as resistance of the new descending channel forming on the...
Dow Future Short Term Elliott Wave view suggests that the rally to 26690 ended Intermediate wave (3). Down from there, Intermediate wave (4) pullback is unfolding as a double three Elliott Wave structure where Minor wave W ended at 26121 and Minor...
USDJPY is trending lower on its 4-hour time frame, moving inside a descending channel pattern. Price is currently testing the channel resistance around 109.50 and might be due for a move back to the bottom or the...
