GBPUSD broke below the bottom of its symmetrical triangle on the 1-hour time frame to signal that a downtrend is underway. Price is bouncing off the 1.3700 area, though, so a pullback might take place before the...
Revised Short Term Elliott Wave view in Gold suggests that the yellow metal is still correcting cycle from 12/13/2017 low ($1236.3) as a double three Elliott Wave structure. Up from 12/13/2017 low, Intermediate wave (W) ended at $1366.06 and...
The US dollar has fallen against the Japanese yen during trading on Wednesday, reaching down towards the 106.50 level, an area that has been supportive a couple of times. Ultimately, I think that the market will find...
The US dollar has rallied significantly during the trading session on Wednesday, as we continue the uptrend. Oil markets look very soft, so it’s likely that we will continue to see this market rally to the upside...
The British pound has fallen rather precipitously during the trading session on Wednesday, reaching below the 1.38 handle. There is a significant uptrend line underneath though, and I think it will eventually pick this market out. In...
The EUR/USD pair has drifted a bit lower during the trading session on Wednesday, breaking down below the 1.2250 level, and reaching towards the 1.22 handle. There is a significant amount of support down to the 1.21...
The Australian dollar initially rally during the trading session on Wednesday, reaching towards the 0.7825 handle. We have fallen since then, and it looks as if we are going to consolidate around the 0.78 handle. I believe...
USDCAD is forming another major reversal pattern, this time on its daily time frame. Price has yet to test the neckline around the 1.2900 major psychological level and break above it to confirm the potential uptrend. The...
The US dollar has rallied during the trading session on Tuesday, reaching towards the 107 handle. Ultimately, the market has a lot of resistance between here and the 107.50 level above. If we can break above there,...
The US dollar has rallied significantly during the trading session on Tuesday, reaching towards the significant 1.2750 level above. That’s an area that is important, as it has offered resistance in the past. If we can continue...
