AUDNZD has been moving sideways recently with higher lows and lower highs creating a symmetrical triangle pattern on its 1-hour time frame. Price has just bounced off support and could be due for a test of resistance...
The USD/JPY pair broke down significantly during the day on Friday, but did bounce later in the session. Ultimately, I believe that the market continues to go much lower, and the breakdown below the 108.50 level is...
The USD/CAD pair rallied a bit during the day on Friday, as the recent move had to retract a bit. I believe that most of this is probably due to profit-taking before the weekend. That being the...
The GBP/USD pair rallied significantly during the day on Friday, reaching towards the 1.32 handle. The market looks likely to run into a bit of trouble near the 1.3250 level, so I think that it’s only a...
The EUR/USD pair tried to rally during the day on Friday, but gave back the gains to form a less than impressive close to the day. I believe that the market will find a bit of support...
The AUD/USD pair had a volatile session during the session on Friday, reaching as high as 0.81, and then fell significantly. I believe that the 0.0 level underneath continues to be massively supportive, as it was massive...
GBPUSD Short Term Elliott Wave view suggests that the rally from 8/24 low is unfolding as an impulse Elliott Wave structure. Up from 8/24 low (1.2773), Minor wave 1 ended at 1.2979 and Minor wave 2 ended at 1.2851. Minor...
The US dollar fell against the Japanese yen during the session on Thursday, testing the 108.50 handle. This is an interesting level for me, as it is the bottom of longer-term consolidation. If we close below this...
The US dollar fell slightly during the day against the Canadian dollar on Thursday as we continue to see the fallout from the surprise interest rate hike in Ottawa. Longer-term, I believe that the market is going...
The British pound went sideways during the day on Wednesday, and then shot to the upside. The 1.31 level above has offered resistance, but it looks like we are ready to break out to the upside. Being...
