GBPNZD is trending lower but has just pulled up to the channel resistance around the 1.7750 minor psychological mark. If this area keeps gains in check, the pair could head back down to support at the 1.7200...
Short term GBPJPY Elliott Wave view suggests the decline from 5/10 high shows a 5 swing sequence, thus favoring more downside. Decline from 5/10 high is unfolding as a double three Elliott Wave structure. Down from 5/10 peak (148.11), Minor wave...
The US dollar fell precipitously during the session on Wednesday, as we guide very poor numbers coming out the United States. However, there is an interest rate decision coming out later in the day, and the wording...
The US dollar fell against the Canadian dollar again during the session on Wednesday, breaking below the 1.32 level. However, there are a lot of concerns when it comes to betting against the US dollar when it...
The British pound was volatile during the day on Wednesday as we continue to slice around the 1.2750 region. We broke above the 1.28 level, which is a bullish sign but I think a lot of what...
The EUR/USD pair shot like a rocket into the stratosphere after less than impressive US numbers came out during the early New York trading. However, the 1.13 level is offering a bit of resistance as I record...
The Australian dollar exploded to the upside during the day on Wednesday, in anticipation of the Federal Reserve meeting announcement. While an interest rate hike is expected out the United States, the market is starting to bet...
EURCAD recently broke below a rising wedge formation visible on its 4-hour time frame, signaling that bearish pressure has returned. Price dipped to the 1.4800 area before showing signs of a pullback. Applying the Fibonacci retracement tool...
GBPJPY just bounced off its channel support again and could be gearing up for a correction to the resistance at the 141.50 minor psychological mark. If this keeps gains in check, the selloff could resume back to...
Short term GBPJPY Elliott Wave view suggests the decline from 5/10 high shows a 5 swing sequence, thus favoring more downside. Decline from 5/10 high is unfolding as a double three Elliott Wave structure. Down from 5/10 peak (148.11), Minor wave...
