The US dollar was reasonably quiet during the session on Thursday against the Japanese yen as we consolidate above the 112 level. Currently, it looks as if the 112 level will offer a bit of support, and...
The US dollar has been slightly positive against the Canadian dollar during the trading session on Thursday, testing the underneath of an uptrend line that had been broken previously as the Bank of Canada raised interest rates....
The GBP/USD pair continues to be very volatile, as we have gone sideways in a tight range during the day on Thursday, testing the 1.35 level. I believe that the market should continue to be choppy, and...
The EUR/USD pair has rallied a bit during the day, bouncing from an uptrend line that we have seen on the daily chart. This is important, because it will define whether we stay in the uptrend or...
The Australian dollar fell precipitously against the US dollar during the session on Thursday, as it appears that the Aussie has run out of steam. On the daily charts, we formed a massive shooting star for the...
AUDJPY continues to trend higher and is moving inside an ascending channel pattern on its 4-hour chart. Price just bounced off the resistance at 90.30 and is making a pullback to support at the 89.00 area. Applying...
Cryptocurrencies: Bitcoin & Ethereum Short Term Analysis The leading cryptocurrencies BTCUSD & ETHUSD rallied up from 09/15 low in a 3 waves Zigzag structure which ended wave (1) as part of an expected 5 waves diagonal to the upside. Both instruments is now doing a...
DXY Short Term Elliott Wave view suggests that the decline to 91.01 ended Primary wave ((3)). Primary wave ((4)) bounce remains in progress as a double three Elliott Wave structure. Up from 91.01, Intermediate wave (W) ended at 92.66...
The US dollar fell slightly during the session on Wednesday initially, but started to stable out as the Federal Reserve came back into focus. Longer-term, the Federal Reserve looks likely to stay on the sidelines a bit...
The US dollar drifted a bit lower during the trading session on Wednesday against the Canadian dollar as the weekly trendline that had been broken recently has offered resistance. Overall, this could be a nice pullback that...
