The USD/JPY rose on Thursday, reaching towards the 109.50 level. However, we turned around based upon a few random tweets from the president, as people begin to worry about budget issues in the United States. This is...
The US dollar fell against the Canadian dollar again on Thursday, reaching towards the 1.25 handle again. If we can break down below there, the market can pick up speed to the downside from what I see....
The British pound initially rallied on Thursday, reaching towards the 1.2850 level. We did not make it though, and we have rolled over cents. I believe that the sellers will continue to enter this market, and if...
The EUR/USD pair fell slightly during the day on Thursday, but found enough support near the 1.1785 level to turn around and form a bounce. Ultimately, today could be a very important session for this pair, because...
The Australian dollar initially fell during the session on Thursday, but bounced enough to test the 0.79 level again. I think there is a certain amount of negativity this market, as gold markets will continue to struggle...
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...
