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...
The US dollar initially rallied against the Japanese yen, but found a bit of trouble at the 113.25 level. Because of this, it looks likely that we are going to continue to churn in this area, but...
The US dollar initially tried to rally against the Canadian dollar, but has found the 1.25 level to be resistive. I think it’s pretty simple from this point, if we can break above the 1.25 level on...
The GBP/USD pair initially fell during the day on Thursday, reaching down towards the 1.3350 level. However, we turned around to bounce significantly, only to see resistance at the 1.3450 level. I think this market continues to...
The EUR/USD pair initially fell on Thursday, but found enough support near the 1.1725 level to turn around and bounce. We had formed a “W pattern” on the hourly chart, and it looks as if the buyers...
The Australian dollar fell rather precipitously during the day on Thursday, testing the 0.78 level underneath. This market offered a bit of support in that area, and it looks likely that we will bounce from here. I...
EURUSD recently broke below support around the 1.1850 minor psychological level then dropped close to the 1.1700 mark. Price appears to be making a correction from here and applying the Fibonacci retracement tool shows that the 50%...
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...
The USD/JPY pair continues to be volatile, as we had initially rallied during the day on Wednesday, but found the 113.25 level to be a bit too resistive. We have pulled back a bit, but I think...
The US dollar had a very volatile session against the Canadian dollar as it was suggested by members of the Bank of Canada that they would be cautious about raising rates, and perhaps the Canadian dollar gained...
