The AUD/USD pair rallied a bit during the day, but then pulled back on Monday, testing the 0.7560 level. I believe that the market will then bounced towards the 0.76 handle, and possibly beyond. Obviously, there is...
AUDJPY recently formed a double bottom pattern on its daily time frame to signal that a reversal from the selloff is underway. Price just broke past the neckline around the 84.50 minor psychological level to confirm that...
IBB ( iShares NASDAQ Biotechnology Index ETF ) tracks the performance of a market-cap-weighted index of biotechnology and pharmaceutical companies listed on the NASDAQ. In this Technical Blog we’re going to take a quick look at the past Elliott...
USDCHF has sold off recently but it could find strong support at a long-term range bottom around the .9500-.9550 levels. A bounce off this area could lead to a move back to the resistance at 1.0400 or...
The US dollar went sideways during the day on Friday, grinding around just above the 111 level, an area that has been supportive over the last several sessions. Because of this, I believe that the buyers will...
The USD/CAD pair went sideways initially during the day on Friday, but continues to find support at the 1.32 level. That being the case, the market looks as if it’s ready to break out to the upside,...
The British pound rallied a bit during the day on Friday, breaking above the 1.27 handle. The British pound continues to pick up a little bit of bullish pressure, and the market should go looking for the...
The EUR/USD pair has rallied significantly during the day on Friday, breaking above the 1.1175 handle. In doing so, it looks as if we’re going to go looking for the 1.12 level. That is an area that...
The Australian dollar shut higher during the day on Friday, slicing through the 0.7550 level. Having said that, we rallied enough to overextend herself, and then pulled back to find support. That being the case, looks as...
Short term YM (DJI Futures) Elliott Wave view suggests the rally from 4/19 low is unfolding as a diagonal Elliott Wave structure where Minor wave 1 ended at 21010 (4/26), Minor wave 2 ended at 20474 (5/18), Minor wave 3 ended at...
