The EUR/USD pair initially fell on Thursday, but found enough support near the 1.1725 level to turn around and bounce. We had formed a “W pattern” on the hourly chart, and it looks as if the buyers...
The Australian dollar fell rather precipitously during the day on Thursday, testing the 0.78 level underneath. This market offered a bit of support in that area, and it looks likely that we will bounce from here. I...
EURUSD recently broke below support around the 1.1850 minor psychological level then dropped close to the 1.1700 mark. Price appears to be making a correction from here and applying the Fibonacci retracement tool shows that the 50%...
AUDJPY Short Term Elliott Wave view suggests that the rally to 90.31 ended Intermediate wave (W). Intermediate wave (X) pullback remains in progress as a double three Elliott Wave structure. Down from 90.31, Minor wave W ended at 88.44 and Minor...
The USD/JPY pair continues to be volatile, as we had initially rallied during the day on Wednesday, but found the 113.25 level to be a bit too resistive. We have pulled back a bit, but I think...
The US dollar had a very volatile session against the Canadian dollar as it was suggested by members of the Bank of Canada that they would be cautious about raising rates, and perhaps the Canadian dollar gained...
The British pound fell significantly during the session on Wednesday, as we continue to bounce around at low levels, especially near the 1.34 level. At this point, the market looks likely to continue to drop from here,...
The EUR/USD pair fell during the course of the session, as we are now cleanly below the 1.18 level. We did bounce a little bit though, and it looks as if we make it a selling opportunity...
The Australian dollar has been very volatile during the trading session on Wednesday, as we continue to bounce around overall. The market looks susceptible to selloffs, so I suspect that any rally will end up being an...
NZDJPY seems to be forming a triangle consolidation pattern visible on its daily time frame as it bounced off the 82.00 handle and is heading back to support around 79.00 to 79.50. Stochastic has turned lower from...
