EURAUD is trending higher recently and has been moving inside an ascending channel on its 1-hour time frame. Price just bounced off the resistance and could be due for a test of support at the 1.4900 major...
GBPAUD has been trading inside an ascending channel pattern visible on its 4-hour time frame and is currently testing support. A bounce could take it back up to the resistance at 1.7150 to 1.7200 while a breakdown...
The USD/JPY pair shot through the roof during the day on Friday as jobs numbers came out better than anticipated. We tested the 114 handle, which of course offers a certain amount of resistance. If we can...
The US dollar went sideways against the Canadian dollar initially during the Friday session, but as the jobs numbers came out for both countries, this created a bit of a vacuum in this currency pair. The US...
The GBP/USD pair initially went sideways during the day on Friday, but then collapsed as of the jobs number in America came out much stronger than anticipated. As I write this, we are currently just below the...
The EUR/USD pair went sideways initially on Friday, and then had a very volatile session as the jobs number in America came out much longer than anticipated. However, towards the end of the session it looks as...
The Australian dollar initially slid a bit at the open on Friday, but then bounced significantly towards the 0.76 handle. This is a market that continues to be very volatile, and of course choppy. Gold markets have...
Short term USDX (USD Index) Elliott Wave view suggests the rally to 97.88 high on 6/20 ended Intermediate wave (X). Decline from there is unfolding as an impulse Elliott Wave structure with extension and ended at 95.47 low on 6/29. This 5 wave move...
The United States dollar initially dipped on Thursday but found enough support at the 113 level to turn around and bounce towards the 113.50 level above. However, that area was resistive, and we pulled back towards the...
The US dollar initially tried to rally against the Canadian dollar again on Thursday, but found the 1.30 level to be a bit too strenuous to overcome. Because of this, we drove down to the 1.2930 level,...
