EURAUD is trending higher and is moving inside an ascending channel on its 4-hour time frame. Price has just bounced off support and looks ready for a test of resistance at 1.5400-1.5450. The 100 SMA is above...
The US dollar rallied against the Japanese yen after initially chopping around during the session. The jobs number of course missed, and it sold the pair off, but Americans came back and picked it up again. Ultimately,...
The US dollar went sideways initially during the session on Friday, but then broke down rather significantly as the Americans missed the expected jobs number. By doing so, this favored Canada, and we course rolled over. Even...
The British pound rallied a bit during the day on Friday, but I believe that the bearish pressure should continue as the Bank of England raising interest rate was a one-time thing from we can see. Ultimately,...
The EUR/USD pair initially went sideways on Friday, but then turned to rally towards the 1.17 level. That’s an area that should be massively resistive, as it was massively supportive in the past. It was the neckline...
The Australian dollar broke down during the trading session on Friday as the jobs numbers in America disappointed. While a bit counterintuitive, this is because the US dollar strength as the “risk off” trade came back into...
Is Stock Market Valuation in Bubble Territory? Many analysts and forecasters argue that stock market is in bubble territory and about to do significant correction or even a crash. There’s a lot of reasons given, both from...
The rally in DAX from 8/29 low is unfolding as a double three Elliott Wave structure where Intermediate wave (W) ended at 13089 and pullback to 12903 ended Intermediate wave (X). Up from there, the rally from 12903 low looks to...
The USD/JPY pair broke higher during the day on Tuesday, but then pulled back to test the 24-hour moving average again. This is one of my favorite indicators, and it is reasonably reliable in this range bound...
The US dollar went sideways against the Canadian dollar during the trading session on Wednesday, as we are just below the 1.29 level. That’s an area that looks to be somewhat resistive, but I think given enough...
