The Australian dollar rolled over a bit on Monday, testing the 0.7750 level again. This was the scene of major resistance in the past, so I assume that there should be a significant amount of support in...
USDJPY has been trading sideways on its long-term charts, bouncing off support at the 108.50 minor psychological mark and heading towards the resistance around 114.00 to 114.50. Price is consolidating at the moment, though, and technical indicators...
The week begins in slow motion with the holidays in Japan and the USA. EURUSD pair is limited to a narrow range around the level of 1.1730. Despite Friday’s headlines suggesting a possible North Korean rocket test,...
USDCAD continues to head north and is trading inside an ascending channel on its 1-hour time frame. This channel has held since the start of September and another test of support is underway. Applying the Fibonacci retracement...
The US dollar exploded to the upside during the trading session on Friday after the jobs number came out a bit mixed. Ultimately, most traders will ignore the jobs number anyway, mainly because of the effect of...
The US dollar shot higher against the Canadian dollar initially during the trading session on Friday, but rolled over to reach towards the 1.2550 level as the jobs number is favored Canada. However, American job numbers were...
The British pound fell on Friday, as the overall bearish pressure on Sterling continues. Ultimately, this is more or less a build of confidence, as the Teresa May government continues to struggle. These are very important times...
The EUR/USD pair showed extreme amounts of volatility early in the session on Thursday, but after the jobs number came out of America, we shot higher, reaching towards the 1.1750 level. At this point, I think that...
The Australian dollar initially tried to rally during the session on Friday, but found the 0.7750 level to be resistive after we broke down below it. This is a very negative sign for the Australian dollar, as...
EURUSD Intra-Day Elliott Wave view suggests the decline from 9/8 peak remains in progress as an expanded Flat Elliott Wave structure. Down from 9/8 high (1.2094), pair ended Intermediate wave (A) at 1.837. Bounce to 1.2034 ended Intermediate wave...
