The Australian dollar rallied a bit during the day on Monday initially, but then rolled over a bit later in the day. The market continues to find resistance near the 0.7750 level, extending to the 0.78 level....
The EUR / USD pulls back from the high of 1.1641 and pushes the level to 1.1600 as the downward movement of the dollar seems to have ended after the pair reached a critical resistance level of...
The tax reform is perhaps the single most important agenda for Republicans. The consequence for falling short of the tax overhaul is dire. Should Republicans fail to deliver the tax reform, they could face rout in the mid-term elections...
The US dollar went sideways initially during the day on Friday, showing resistance near the 114.50 level, which is an area I have been talking about for some time. That is the beginning of significant resistance towards...
The US dollar rallied during the day on Friday initially, but found the 1.29 level to be a bit too resistive. We pulled back from there, but quite frankly this is a very bullish pair currently, and...
The British pound fell significantly at the open on Friday, reaching down to the 1.3075 level. We have bounced from there, and we are getting close to an uptrend line just below on the weekly chart. Because...
The EUR/USD pair continued the bearish pressure during the day on Thursday, as the reaction to the dovish statement by Mario Draghi continues. In fact, we are below the 1.16 level as I record this, and this...
The Australian dollar went sideways on Friday, as we have reached the 61.8% Fibonacci retracement level from the weekly move. We have recently broken down below massive support, and I now think that the 0.7750 level above...
FTSE Elliott Wave view suggests that decline to 7199.5 ended Primary wave ((4)). Up from there, the rally is unfolding as an impulse Elliott Wave structure where Minor wave 1 ended at 7327.5 and pullback to 7289.75 ended Minor...
Short term Gold Elliott Wave view suggests that the rally from 10/06 low (1260.52) to 10/16 peak (1306.35) ended intermediate wave (X) then the decline from there is unfolding as a a double three Elliott wave structure. As the...
