NZDUSD Short term Elliott Wave view suggests the decline from 9/20 peak remains in progress a zigzag Elliott Wave structure. Down from 9/20 high (0.7434), pair ended Minor wave A at 0.7165. Subdivision of Minor wave A unfolded as 5 waves...
The US dollar rallied slightly against the Japanese yen on Monday, as we are grinding a bit, trying to form a base at the 112.50 level again. I think there is a significant amount of support just...
The US dollar went sideways in general during the day on Monday, trying to break above the 1.2550 level. By doing so, the market looks likely to continue to try to reach towards the upside, but I...
The British pound initially rallied against the US dollar on Monday, but found a lot of trouble near the 1.32 level. We pulled back, and it looks as if were going to try to test the 1.31...
The EUR/USD pair was somewhat choppy during the day on Monday, as we continue to bounce around the 1.1750 level. If we can break out to the upside, the market should then go to the 1.18 level...
The Australian dollar rolled over a bit on Monday, testing the 0.7750 level again. This was the scene of major resistance in the past, so I assume that there should be a significant amount of support in...
USDJPY has been trading sideways on its long-term charts, bouncing off support at the 108.50 minor psychological mark and heading towards the resistance around 114.00 to 114.50. Price is consolidating at the moment, though, and technical indicators...
The week begins in slow motion with the holidays in Japan and the USA. EURUSD pair is limited to a narrow range around the level of 1.1730. Despite Friday’s headlines suggesting a possible North Korean rocket test,...
USDCAD continues to head north and is trading inside an ascending channel on its 1-hour time frame. This channel has held since the start of September and another test of support is underway. Applying the Fibonacci retracement...
The US dollar exploded to the upside during the trading session on Friday after the jobs number came out a bit mixed. Ultimately, most traders will ignore the jobs number anyway, mainly because of the effect of...
