The Australian dollar initially tried to rally, but then broke down as the gold markets did as well. Gold markets continue to be very volatile and negative, as interest rate outlook for the central banks around the...
AUDUSD is trending higher on its short-term time frames, moving inside an ascending channel on its 1-hour chart. Price is currently testing support and might be due for a bounce back to resistance at the .7750 to...
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 US dollar fell initially against the Japanese yen on Tuesday, dropping down to the 112.75 level. By bouncing from there, the market looks as if it is ready to continue going higher, perhaps reaching towards the...
The US dollar went sideways initially during the day on Tuesday, hugging the 1.30 level. A breakdown below there should then show selling opportunities going forward. I believe that short-term rallies should continue to be selling opportunities,...
The British pound went sideways during the day on Tuesday, as we continue to see choppiness with a slightly negative bias. I think that the 1.29 level underneath should be supportive though, and as we start to...
The EUR/USD pair initially went sideways on Tuesday, but then broke down a bit to reach towards the 1.1350 level. I believe that there is a much more significant support level in the 1.13 region, so I’m...
The AUD/USD pair initially went sideways during the day on Tuesday, then collapsed to reach towards the 0.76 level underneath. The market looks very negative, as the selloff has been rather brutal. Because of this, the market...
USDJPY has been trending higher recently, 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 near the 112.50 minor psychological level...
There has been a lot of headlines lately as the world’s new favorite cryptocurrency Ethereum (ETHUSD) soared +5,000% in value before the price dropped and it’s currently still up over 3,500%. Ethereum was only developed two years ago while bitcoin’s...
