EURCAD is trending lower and is moving inside a short-term descending channel visible on the 1-hour chart. Price just bounced off the resistance and is making its way back to support at the 1.4700 handle. The 100...
Short term USDJPY Elliott wave view suggest the decline from 7/11 peak is unfolding as a double three Elliott wave structure. Decline to 108.71 low ended Minor wave W and Minor wave X bounce ended at 110.95 peak. Subdivision...
The USD/JPY pair fell significantly on Wednesday, as it was a bit of a “risk off” type of situation. I still see a significant amount of support underneath that the 108.50 level, so I believe that it...
The USD/CAD pair rows initially during the day on Wednesday, testing the 1.26 handle. However, the crude oil inventory number came out, basically where we anticipated. Because of this, the market did not get much influence from...
The GBP/USD pair had a choppy session on Wednesday, initially tried to rally, but felt yet again. Ultimately, we have broken below the 1.28 level, which is a very bearish sign. I think that the 1.2850 level...
The EUR/USD pair initially was very quiet during the day on Wednesday, but then shot much higher as the overall attitude of the market remains bullish. The US dollar continues to be sold in general, so that’s...
The Australian dollar started out very soft during the day on Wednesday, breaking below the 0.79 handle. However, we turned around to show signs of life again, as the market continues to hover the 0.79 handle in...
AUDNZD has been trending higher but is recently testing a ceiling at the top of its ascending channel visible on the 4-hour time frame. Price could be due for a correction to the channel support and applying...
Short term USDJPY Elliott wave view suggest that the decline from 7/11 peak is unfolding as a double three Elliott wave structure. Decline to 108.71 low ended Minor wave W and Minor wave X bounce ended at 110.95 peak....
