The Australian dollar has been very volatile during the trading session on Wednesday, as we continue to bounce around overall. The market looks susceptible to selloffs, so I suspect that any rally will end up being an...
NZDJPY seems to be forming a triangle consolidation pattern visible on its daily time frame as it bounced off the 82.00 handle and is heading back to support around 79.00 to 79.50. Stochastic has turned lower from...
Housing data have been quite disappointing lately, and it is worth remembering that the sector that triggered the subprime mortgage crisis of 2007/8. The market is still sensitive to the number of negative homes. The EURUSD four...
The US dollar rallied during the session on Tuesday, breaking above the 112 level against the Japanese yen. This is an area that continues to attract a lot of attention, and I think it’s only a matter...
The US dollar rallied against most currencies during the session on Tuesday, and the Canadian dollar was no different. We are pressing the 1.24 level, an area that is resistive, and is also the scene of a...
The British pound had a soft session on Tuesday, breaking below the 1.3450 level. The market looks as if it is ready to continue drifting a little bit lower, but I’m not expecting any type of meltdown....
The EUR/USD pair fell again on Tuesday, as we have broken below the 1.18 level. This is a market that seems to be rather negative, after the German elections showed just how divided the European Union is....
The Australian dollar fell significantly during the session on Tuesday, as the markets continue to look tenuous at best. Remember, the Australian dollars highly correlated to gold, and of course the overall “risk on” attitude in general....
EURJPY has been trending higher recently, with a rising trend line connecting the lows on the 4-hour time frame. Price is moving close to testing this support area, which lines up with the 61.8% Fibonacci retracement level...
AUDJPY Short Term Elliott Wave view suggests that the rally to 90.31 ended Intermediate wave (W). Intermediate wave (X) pullback remains in progress as a double three Elliott Wave structure. Down from 90.31, Minor wave (W) ended at 88.44 and Minor...
