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...
“That time still lies ahead, but it is coming.” – Robert Prechter says on the first page of his Elliott Wave Theorist. The major market Bob refers to could be the opportunity of a lifetime. And the...
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...
After breaking above the top trend line of the price channel on the 4-hour chart, USDCAD moved sideways in a trading range between 1.2912 and 1.3014, suggesting that consolidation for the downtrend from 1.3347 is underway. Further...
USDJPY continued its upside movement and the rise extended to as high as 113.83. Near term support is at 112.74, followed by the bottom trend line of the price channel on its 4-hour chart now at around...
AUDUSD’s fall from 0.7712 extended to as low as 0.7571. Further decline to test 0.7535 support is possible. As long as 0.7535 support holds, the fall could be treated as consolidation of the uptrend from 0.7328 (May...
GBPUSD moved sideways in trading range between 1.2893 and 1.3029. As long as 1.2893 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.2589, and further rise towards 1.3200 is possible after...
