The US dollar initially tried to go higher against the Japanese yen during the session on Wednesday, reaching towards the 114.25 handle. There is a significant amount of resistance just above, and extending to the 115 handle....
The US dollar went sideways initially against the Canadian dollar, but then exploded to the upside as the crude oil markets continue to build inventory. This currency of course is a proxy for the petroleum markets, and...
The GBP/USD pair shot straight up during the day on Wednesday, slamming into the 1.3250 level. This is a market that continues to have a lot of interest in it, mainly due to better than anticipated CPI...
The EUR/USD pair initially went sideways on Wednesday, but then reached above the 1.18 level. That’s a very bullish sign, and I think we are going to continue to go much higher, perhaps reaching towards the 1.1850...
The Australian dollar broke down significantly during the trading session on Wednesday, slicing through the 0.7750 level. This is an area that was massively important in the past, and I think we are now going to continue...
GBPAUD has been on a strong climb recently and may have enough momentum to break past its symmetrical triangle resistance around 1.7200. The chart pattern spans 1.5900 to 1.7700 so the resulting uptrend could be of the...
FTSE Elliott Wave view suggests that Primary wave ((4)) ended with the decline to 7199.5. Up from there, rally is unfolding as an impulse Elliott Wave structure where Minor wave 1 ended at 7327.5 and Minor wave 2 ended...
The US dollar rallied significantly against the Japanese yen during the day on Tuesday, as we reached towards the 114 handle. I think there is a lot of noise between here and the 115 handle, so it’s...
The US dollar initially dipped lower against the Canadian dollar on Tuesday, but found enough support near the 1.2625 level to turn around and rally again. We have seen a significant move to the upside over the...
The British pound initially tried to rally during the day on Tuesday, but found the 1.3225 region to be too resistive again, as we have seen the market pull back from that level a couple of times...
