Short term DAX Elliott Wave view suggests the decline to 12491.5 on 5/18 ended Intermediate wave (2). Up from there, the rally is unfolding as a double three Elliott Wave structure. Minute wave ((w)) ended at 12879.5 and Minute wave...
AUDNZD has been trending higher, moving inside an ascending channel visible on its 1-hour time frame. The pair has just bounced off support and could be due for a test of resistance soon. The 100 SMA is...
The USD/JPY pair went sideways initially during the day on Monday but then shot towards the 111.50 handle. By testing that area, we are trying to break through a significant resistance barrier. Once we break above their,...
The USD/CAD pair initially tried to rally on Monday, but found enough resistance near the 1.3250 level to turn around and form a move lower. However, we are starting to see the 1.32 level offer a bit...
The British pound initially trying to rally during the day on Monday but found enough resistance to the 1.28 level to turn around and fall. However, I think that the 1.27 level underneath is going to offer...
The EUR/USD pair went sideways most of the session on Monday, but once the Americans took control of the marketplace, we fell significantly, testing the 1.1150 level underneath. There is a certain amount of noise just below,...
The Australian dollar fell slightly during the day on Monday, reaching towards the 0.76 level, and finding buyers underneath. I think that the slight bounce that showed signs of weakness shows that the market is probably going...
The world is hooked on ‘Palladium’ because of its uses as an industrial metal and catalyst, the consumers are mainly automobile producers as it’s widely used in gasoline-based engine cars to curb harmful emissions from vehicles. Palladium...
GBPNZD has just bounced off its descending channel resistance and is making its way towards support. If the bottom at the 1.7300 handle holds, price could make another test of resistance. Stochastic is already indicating oversold conditions,...
The USD/JPY pair shot higher initially during the day on Friday, but found enough resistance near the 111.40 level to turn around and fall. We are essentially forming a neutral candle for the day, but I think...
