The British pound initially fell during the Monday session, but found the 1.2850 level to be supportive enough to cause a major bounce to reach towards the 1.29 handle. I think if we can break above here,...
The EUR/USD currency pair initially fell on Monday, but found enough support near the 1.1730 level underneath to turn around and reach towards the 1.18 level above. A break above there should send this market looking towards...
The Australian dollar initially fell on Monday, but found enough support just above the 0.79 level to shoot higher. Pay attention to gold, it tends to move in lockstep with this market, and it seems to be...
GBPNZD has recently bounced off the top of its range at the 1.7900 major psychological level and is making its way to the bottom at 1.7400. If this holds as support, another bounce back to the resistance...
The USD/JPY pair broke down again on Friday, as we continue to see a bit of a “risk off” move in the currency markets. The Japanese yen being bought is interesting to me, because it shows that...
The USD/CAD pair fell significantly during the day, struggling to find any type of stability. We have made a fresh, new low, so therefore looks as if we are going to continue to sell off. I look...
The British pound initially rally against the US dollar on Friday, but then pulled back into continue to try to build a bit of a base in this general vicinity. I think that we will probably see...
The EUR/USD pair rallied slightly during the day, but Friday wasn’t exactly explosive. Currently, looks as if the market is trying to form a bit of a base at the 1.17 level, as the last couple of...
The AUD/USD pair rallied during the day on Friday, slicing through the 0.79 level. This is a very bullish sign, and I think now that will continue to go much higher, perhaps reaching towards the 0.80 level...
Short term Dow Futures (YM_F) Elliott wave view suggest that the rally to 8/08 peak 22177 ended the “Cycle” from Feb 11, 2016 low. The decline from there is unfolding as an impulse suggesting the index could...
