NZDJPY recently broke below support at the 79.50 minor psychological level then dipped to the 78.50 mark. Price pulled up from there and applying the Fibonacci retracement tool on the latest swing high and low on the...
The US dollar initially went sideways on Friday, but then broke down against the Japanese yen as Janet Yellen gave a somewhat dovish speech in Wyoming. Because of this, I think that the market is going to...
The US dollar drifted lower against the Canadian dollar, and then rallied. However, as Janet Yellen started speaking in Wyoming, the market broke below the 1.25 level again. Because of this, it looks likely that the market...
The GBP/USD pair gained rapidly during the day as Janet Yellen started giving her speech in Wyoming. We have broken above the 1.2850 level, and looked likely to test the 1.29 handle. That’s an area that could...
The EUR/USD pair shot higher during the day on Friday as Janet Yellen gave a somewhat dovish speech. Because of this, it’s likely that we will continue to see some bullish pressure, as we have made a...
The Australian dollar exploded to the upside as Janet Yellen gave her speech on Friday. The 0.79 level has even offered support on the short-term pullback, so I believe that the market is going to go looking...
Short term USDJPY Elliott wave view suggests the decline from 7/11 peak is unfolding as a double three Elliott wave structure. Decline to 108.71 low ended Minor wave W and Minor wave X bounce ended at 110.95 peak. Subdivision...
The USD/JPY rose on Thursday, reaching towards the 109.50 level. However, we turned around based upon a few random tweets from the president, as people begin to worry about budget issues in the United States. This is...
The US dollar fell against the Canadian dollar again on Thursday, reaching towards the 1.25 handle again. If we can break down below there, the market can pick up speed to the downside from what I see....
The British pound initially rallied on Thursday, reaching towards the 1.2850 level. We did not make it though, and we have rolled over cents. I believe that the sellers will continue to enter this market, and if...
