USDJPY is still trading inside its descending triangle pattern and has just bounced off the resistance previously highlighted. Price is now making its way back to support at the 112.00 major psychological level for another test. The...
The US dollar has been very volatile during the trading session on Tuesday, as we have reached towards the 112.50 level twice. Both times, we have seen buyers jump into the marketplace, so now looks as if...
The US dollar drifted a little bit higher against the Canadian dollar during quiet trading on Tuesday. I still see a significant amount of resistance near the 1.25 level though, so I don’t have any interest in...
The British pound drifted a bit lower during the trading session on Tuesday, reaching down to the 1.35 region, which has of course offered a significant amount of support. I think at this point, I would anticipate...
The EUR/USD pair has been very noisy over the last several weeks, but the last couple of days have been a bit of a pullback. Ultimately, the market looks likely to find support just below, as the...
The Australian dollar initially tried to rally during the trading session on Tuesday, but then rolled over to reach towards the 0.75 level underneath. That’s an area that features a gap on the chart as I have...
DAX Short Term Elliott Wave view suggests that the Index ended Intermediate wave (X) pullback at 12731.46. The rally from there is unfolding as a 5 waves impulse Elliott Wave structure where Minutte wave (i) ended at 12943, Minutte wave (ii)...
USDJPY has formed lower highs and found support at the 112.00 major psychological level, creating a descending triangle pattern on its 4-hour time frame. Price bounced off the bottom to make another test of resistance, which appears...
The US dollar initially rally during the trading session on Monday, reaching towards the 113.40 level. We fell from there and broke to the 113 handle. As an area that has been important in the past, so...
The US dollar rallied a bit during the trading session on Monday, as we are starting to see a little bit of a “risk off” attitude, as the 1.25 level above is a significant barrier though, and...
