The Australian dollar was very volatile, as the Wednesday session has been massively supported at the 0.7950 level underneath. The 0.80 level above is significant resistance though, so it will be difficult to see a breakout above...
GBPNZD bounced a couple of times off the 1.7400 level, creating a double bottom pattern with a neckline at the 1.7850 minor psychological level. Price has yet to break past the resistance before confirming that a longer-term...
The USD Index has dipped over 9% this year. The weakness in US Dollar has been broad-based and consistent against all major currencies. The Dollar Index closed fifth straight month in losses , something which hasn’t happened since...
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 double three Elliott wave structure where Minor wave W ended...
The USD/JPY pair initially tried to rally during the day on Tuesday but found significant resistance at the 50 exponential moving average in the hourly timeframe. We rolled over to test the 110 level, which is massively...
The USD/CAD pair has been very volatile during the Tuesday session, as we rallied towards the 1.25 handle. That’s an area that of course attract a lot of attention, because of the large, round, psychological aspect of...
The British pound had a volatile session during the day on Tuesday, as we reached towards the 1.3250 level, but then pulled back. It looks as if the 1.32 level is offering a significant amount of support...
The EUR/USD pair slowly drifted a bit lower during the day on Tuesday, but we are above the uptrend line on the hourly chart that has been supportive for several sessions. The 1.18 level underneath should be...
The Australian dollar initially shot much higher during the day on Tuesday, but turned around at the 0.8050 region to fall below the 0.80 level again. This is an area that is important on charts going back...
USDCAD failed in its last two attempts to break below the 1.2400 area, creating a double bottom formation on its 1-hour time frame. Price has yet to break past the neckline at 1.2575 before confirming the potential...
