The British pound was very volatile in general during the day on Wednesday, bouncing around the 131.70 level. The market has filled the gap from several sessions ago, and I think now we have a lot of...
The EUR/USD pair rallied a bit during the day on Wednesday, reaching towards the 1.1850 level above. However, we rolled over from there and it looks as if were going to form some type a shooting star...
The Australian dollar fell significantly during the trading session on Wednesday, breaking down to the 0.7575 handle. We bounced from there, but found enough resistance at the previous support level to turn things around and fall significantly....
EURAUD was previously trading inside an ascending channel pattern and has surged past the resistance to signal a steeper climb. Price stalled upon reaching resistance at the 1.5600 mark, so a correction to the broken resistance could...
CADJPY Short Term Elliott Wave view suggests that Minor wave X ended at 87.78. Up from there, pair rallies as a double three Elliott Wave structure where Minute wave ((w)) ended at 89.8 and Minute wave ((x)) is in progress....
The move away from Petrodollar In 1974, US President Richard Nixon and King Faisal from Saudi Arabia struck a deal. This deal gave birth to the petrodollar system which still lasts until this day. The deal involves Saudi Arabia selling...
The US dollar initially tried to rally during the session on Tuesday, but found significant resistance at the 113.90 level. By pulling back, we reached towards the 113.50 level, finding support yet again. Ultimately, the market looks...
The US dollar initially fell against the Canadian dollar, but found enough support at the 1.27 level II bounce significantly. By forming a hammer on the hourly chart, we then broke towards the upside, reaching towards the...
The British pound went sideways during the trading session on Tuesday, as the 1.3050 level underneath should offer support. I believe that the market will eventually rally, as we have been consolidating for some time. Because of...
The EUR/USD pair broke out during the trading session on Tuesday, slicing through the 1.17 level. This is a very bullish sign as that was the neckline of a head and shoulders, and it now negates what...
