The Australian dollar has been sold off rather aggressively during the session on Wednesday, as the sellers stepped in just below the 0.80 level. Now that we are approaching the 0.79 handle, it is likely that we...
USDCAD seems to be done with its selloff as price is forming a double bottom pattern on its 4-hour time frame. This classic reversal signal could be confirmed once price breaks past the neckline resistance at the...
Oil Short Term Elliott Wave suggests that the decline from 8/1 peak is unfolding as a double three Elliott Wave Structure where Minute wave ((w)) ended at 46.46 and Minute wave ((x)) ended at 48.76. Oil has since made a...
SPX S&P 500 Long Term Elliott Wave view suggests that the Index has reached the minimum target at 2234.35 to end a big cycle from an all time low. If we assume the Index starts from all-time...
EURCAD seems ready to go for a move higher as it formed an inverse head and shoulders pattern on its daily time frame. Price has yet to break past the neckline at the 1.5000 major psychological level...
The US dollar dipped slightly against the Japanese yen on Monday, in relatively quiet trading. Given enough time, I think that the buyers may return to this market longer term, as the 108.50 level underneath should be...
The USD/CAD pair initially went sideways at the open on Monday, but then fell to reach towards the 1.2440 level. We then bounced after that, but I think that there is a significant amount of resistance above,...
The British pound gapped higher against the US dollar at the open on Monday. We then fell almost immediately to fill that gap, and have since bounced from that level to reach the highs again. I believe...
The EUR/USD pair gapped higher at the open on Monday, but then pulled back to fill that gap almost immediately. Now that we have fill that gap and continue to go higher, I think that the market...
The AUD/USD pair gapped lower at the open on Monday, but then fill the gap and continue to go higher. However, I think the 0.80 level above offers a significant amount of resistance, and will take several...
