The US dollar went sideways initially on Wednesday, and then rallied towards the 109 level. However, we are starting to see a selloff during US trading, and it now looks like we are testing the bottom of...
The US dollar collapsed against the Canadian dollar during the session on Wednesday as the Bank of Canada raised interest rates, surprising most market participants. We felt towards the 1.2150 level underneath, and I believe now we...
The GBP/USD pair went sideways initially on Wednesday, but the Americans started buying the British pound in mass. Now that we are cleanly above the 1.3050 level, if we can stay above there for a daily close,...
The EUR/USD pair went sideways initially on Wednesday, but then rallied once the Americans came back to work. I believe that the market is trying to build up enough momentum to finally break above the 1.20 level,...
The Australian dollar fell during most of the session on Wednesday, but turned around to rally during the US trading. We are testing the 0.80 level as I write this, and I recognize that there is a...
Geopolitical tensions intensified after North Korea conducted its sixth and most powerful nuclear test on Sunday, detonating what it said was a hydrogen bomb meant for intercontinental ballistic missile. The United States warned it could launch a...
AUDUSD Short Term Elliott Wave view suggests that the rally from 8/15 low is unfolding as a double three Elliott Wave structure. Up from 8/15 low, Minute wave ((w)) ended at 0.79957 and Minute wave ((x)) ended at 0.7868. Minute...
Gold Short Term Elliott Wave suggests that the rally from 8/15 low is unfolding as a zigzag. The first leg Minor wave A is subdivided as an impulse. Minute wave ((i)) of A ended at 1300.83, Minute wave ((ii)) of A...
The US dollar fell significantly against the Japanese yen during the session on Tuesday, showing weakness in the greenback yet again. It looks as if we may start reaching towards the 108.50 level, which is an area...
The USD/CAD pair drifted a bit lower during the day on Tuesday, as we are trying to make a fresh, new low. Ultimately, I think that it’s only a matter of time before sellers come back into...
