The EUR/USD pair rallied during the day on Thursday, as we continue to see strength in this market. However, we are getting a bit overextended and I think that the market may be susceptible the downward pressure....
The Australian dollar initially fell during the Thursday session but found a bit of support near the 0.79 level, a key support level on the longer-term charts. The market looks as if it is trying to build...
AUDJPY staged a strong rally recently but appears to be topping out at the 89.00 area. A correction could be due before this pair heads any further north, and applying the Fibonacci tool on the latest swing...
In this Technical blog we are going to take a quick look at the past 1 hour Elliott Wave performance of Dow E-Mini Future (YM_F ) cycle from June 19 peak, which we presented to our clients. We are going...
EURCAD Technical Analysis 8.1.2017 On June 13/2017 I published an article EURCAD : Sell the Bounce Bearish Pattern where I called for the pair to make another move lower after a bounce/retracement higher. EURCAD since then bounced and continued...
Short term USDCAD Elliott Wave view suggests the decline to 1.2411 ended Intermediate wave (3) of an Elliott Wave impulse structure from 6/2 peak. Intermediate wave (4) bounce is in progress as a flat Elliott wave structure where Minor wave A ended at 1.2576 and...
The USD/JPY pair initially rally during the day on Wednesday, reaching towards the 111 level. However, we offered enough resistance to turn around and fall significantly. As I look at this chart, there seems to be a...
The US dollar shut higher against the Canadian dollar initially during the session on Wednesday, but found enough resistance just below the 1.26 level to turn around and fall significantly. Part of this would’ve been done due...
The British pound rose during the day on Wednesday, as we continue to press against the 1.3250 level. Currently, looks as if the market is in a somewhat consolidate of tone, but with a slight upward bias....
The EUR/USD pair rallied during the day on Wednesday, reaching towards the 1.1850 level. However, we pulled back and found enough support underneath to continue higher. The market has been very strong, and I think it will...
