USDCAD recently broke out of a long-term descending triangle pattern to signal that an uptrend is underway. Price hit resistance around the 1.2900 mark and is starting a correction to the broken triangle resistance. Applying the Fib...
EURGBP has been on the decline but could be due for a bounce once it tests the range support near the .8750 minor psychological level. Stochastic is on the move down to show that selling pressure is...
The US dollar rallied slightly against the Japanese yen during the trading session on Tuesday, reaching towards the 111.50 level. I think there is a significant amount of resistance between here and the 112 level, and it’s...
The US dollar went sideways initially on Tuesday, but then shot towards the 1.28 handle above, finally breaking out above that level slightly. Ultimately though, the market looks likely to pull back from here a bit though,...
The British pound initially tried to rally during the trading session on Tuesday, but found the area above the 1.3333 level to be a bit too expensive. Because of this, I think that the pullback to the...
The EUR/USD pair spent most of the day going sideways on Tuesday, but then pulled back to reach towards the 1.2860 level underneath. It is the 38.2% Fibonacci retracement level from the move higher, and we are...
The Australian dollar went back and forth during the course of the trading session on Tuesday, bouncing around the 0.76 handle. That being the case, I think that the market should be very volatile in this general...
EURAUD previously broke past the resistance at 1.5600 then zoomed up to a high of 1.5696 before retreating. This could be a correction from the uptrend if the pair finds support at the Fib levels. The 50%...
YM_F Dow Short term Elliott Wave view suggests that Intermediate wave (4) ended at 23204. Rally from there is unfolding as a leading diagonal Elliott wave structure. Minute wave ((i)) ended at 23464, Minute wave ((ii)) ended at 23241, Minute wave ((iii)) ended at 23599,...
The S&P Retail Industry Index comprises stocks in the S&P Total Market Index that are classified in the GICS retail sub-industry. For this article we’ll be using The SPDR S&P Retail ETF (XRT) which tracks an equal-weighted index of stocks in the...
