The US dollar rose slightly against the Canadian dollar during the session on Wednesday, as we continue the upward channel. However, we have recently seen a massive move in favor the Canadian dollar so I think that...
The British pound initially went sideways on Thursday, showing signs of hesitation before the Bank of England meeting. Although there was no interest rate high, the Bank of England suggested that perhaps interest rate hikes could be...
The EUR/USD pair drifted back and forth during the session on Thursday, as the markets look relatively quiet overall. With the exception of the British pound, there wasn’t much in the way of market moving momentum, and...
The AUD/USD pair was choppy during the trading session on Thursday, as the 0.0 level continues to cause issues. If we can break above the 0.8015 handle, I think the market could rally at that point, but...
NZDJPY was previously consolidating inside a falling wedge formation before an upside breakout occurred. Price reached a high of 80.40 before pulling back, possibly making a retest of the broken wedge resistance. Stochastic is heading lower for...
DXY Dollar Index Short Term Elliott Wave view suggests that the Index ended Primary wave ((3)) at 91.01 and currently in a Primary wave ((4)) bounce. Internal of Primary wave ((4)) is unfolding as a zigzag Elliott wave structure....
EURJPY is still moving in an uptrend but is currently bouncing off the top of its ascending channel resistance on the 4-hour time frame. Stochastic is also turning lower from the overbought zone to indicate a pickup...
The US dollar exploded to the upside against the Japanese yen during the session on Wednesday, as we continue to see buying pressure. Further exacerbating the move was talk of a tax reform package coming out of...
The US dollar had an interesting session on Wednesday, as we initially fell, but found enough support near the 1.2125 level to turn around and break out above the 1.22 handle. I think the market will continue...
The British pound initially went sideways during the session on Wednesday, but then collapsed below the 1.3250 level. This is an interesting move, because breaking above that level was important. The question now is whether we can...
