AUD/USD choppy as we await jobs numbers
The Australian dollar has been very noisy during trading on Tuesday, as we continue to find resistance at the 0.77 handle. That area caused the market to pull back at least twice during the day, and it...
Category: Daily Forex Reports
SPX Elliott Wave View: Further Weaknesses Likely
SPX Elliott Wave view suggests rally to 2801.90 on 3/13/2018 ended Primary wave ((X)). Decline from there is unfolding as a double three Elliott Wave structure where Intermediate wave (W) ended at 2585.89 and Intermediate wave (X) ended at 2674.22....
GBPUSD Elliott Wave View: Calling The Bounce Higher
GBPUSD Elliott Wave short-term sequence from 3/01 low (1.3709) ended as a Leading Diagonal structure in Minor wave 1 at 1.4248 high in 5 waves. Down from there, the pair is correcting that cycle in Minor wave 2 pullback in 3,...
Did Data scandal Sink Facebook, The Social Networking Website?
Facebook has been on the news lately when the world discovered that more than 50 million users had their personal data breached with the downloading of Kogan’s Application, a data harvesting route, which due to the lax...
US dollar falls against the Japanese yen initially on Thursday
The US dollar fell during the trading session on Thursday, reaching down towards the 106.50 level, which is an area that of course has been important more than once. It is looking to offer a bit of...
The US dollar falls against the Canadian dollar
Looking at this market, the first thing that I notice is that the 1.2950 level has been resistance several times. However, the lows are starting to get higher, and that suggests that we are going to go...
The British pound slams up against the ¥150 level
The British pound chopped around against the Japanese yen during trading on Thursday, as the vital 150 level is just above. This was the previous uptrend line on the daily chart, and of course a large, round,...
Euro softens a bit during trading on Thursday
The Euro bounce around during trading on Thursday, initially tried to rally, but then rolled over to test the 1.23 level again. I think that this level could be supportive, but I also recognize that we have...
Australian dollar bounces on Thursday, testing resistance
The Australian dollar rallied a bit during the trading session on Thursday, reaching towards the 0.77 handle. This is an area that I think is going to be a bit resistive, suggesting that perhaps we could find...
USD/JPY Price Forecast March 28, 2018, Technical Analysis
The US dollar has rallied a bit during the trading session on Tuesday, as we continue the bullish move from Monday. The market has calmed down significantly, as this is a “risk on/risk off” currency pair and...