AUDUSD Short term Elliott Wave analysis suggests decline to 0.7731 ended Primary wave ((W)) on 10/6 low. Bounce in Primary wave ((X)) is proposed to be unfolding as a double three Elliott Wave structure. Intermediate wave (W) of ((X)) ended at...
The US dollar initially tried to rally against the Japanese yen on Monday, after gapping a bit lower. We broke above the 112 level, but then turned back around to fall to the lows again. However, I...
The US dollar initially went sideways against the Canadian dollar on Monday, but then shot through the 1.25 handle. Ultimately, the markets did show a lot of volatility later in the day, but what I find interesting...
The British pound has been volatile during the Monday session, dropping down to the 1.3250 level and then bouncing. That being said, I believe that the area that has been massively important in the past should continue...
The EUR/USD pair had a choppy session, initially gapping lower but found enough support near the 1.1780 level to bounce and break above the 1.18 handle again. Part of the negativity may be due to the populist...
The Australian dollar drifted a slightly lower during the day on Monday, but I believe that there is plenty of support underneath to keep the market afloat. This is especially true close to the 0.78 handle underneath,...
EURUSD is in the process of forming a head and shoulders pattern on its daily time frame as it completes the right shoulder. The neckline is located at 1.1700 and a break below this support could send...
NZDUSD previously broke below a head and shoulders reversal pattern neckline, indicating that a downtrend is in the cards. The chart pattern is approximately 350 pips tall so the resulting selloff could be of the same size....
The US dollar drifted lower during the course of the session on Friday, reaching down to the 112 level, but then bounced above there only to turn around to show signs of massive resistance. The extraordinarily long...
The US dollar went sideways against the Canadian dollar initially during the session on Friday, reaching towards the 1.25 handle. This is an area that will continue to attract a lot of attention, as it is a...
