British pound rallies on Monday
The British pound rallied significantly during the trading session on Monday but ran into a little bit of trouble at 1.4150 level. However, this is a minor area and I think that it’s unlikely to keep the...
Category: Daily Forex Reports
The Euro rallied a bit during the Monday session, but continues to see volatility
The EUR/USD pair continues to be noisy, but Monday was positive. By struggling like we did, it looks like we may have to pull back short-term to build up the momentum to break above the 1.2350 level....
Australian dollar falls during Monday session
The Australian dollar has tried to rally during the trading session on Monday, but the 0.77 level has offered enough resistance to turn things over and fall towards the 0.7650 level. That’s an area that has been...
North and South Korean peace in the Horizon based in Elliott Wave
North and South Korean peace in the Horizon The Leaders of the North and South Korea will meet on April 27, 2018 for the first time since 2007 and hope for North and South Korean peace, the...
Elliott Wave Analysis: Further Strength in USDJPY
USDJPY short term Elliott Wave view suggests that the decline to 104.54 low on March 26 ended Intermediate wave (3). Wave (4) correction is in progress as a double three Elliott Wave Structure. A double three is a 7 swing...
Elliott Wave View: Copper Starts a New Leg Higher
Short Term Elliott Wave view in Copper suggests that the decline to 2.938 on 3.26.2018 ended Minor wave IV. The metal started a new leg higher from there in Minor wave V. Subdivision of Minor wave V...
USD/JPY rebounds on Tuesday
The US dollar has rallied during the trading on Tuesday, reaching towards the 106.50 region. If we can break above there, the market then goes to the 107.50 level over the longer term. However, this is a...
USD/CAD roles over a bit on Tuesday
The US dollar has rolled over a bit against the Canadian dollar after initially trying to rally on Tuesday but found the 1.2925 level to be a bit resistive. We pulled back from there to reach towards...
GBP/USD bouncing around in range bound trading
The British pound has been very noisy during the trading session on Tuesday, as we continue to see a lot of noise in this market, just above the 1.40 level. That’s an area that has a certain...
EUR/USD shows signs of stagnation on Tuesday
The EUR/USD pair has been very choppy over the last couple of sessions, as we await the jobs numbers on Friday, as it will obviously have a major influence on where the currency markets move next. There...