USDCHF has been trending lower on its short-term time frames, with price moving inside an ascending channel that’s been holding since November last year. Price has bounced off support and is on its way to test the...
USDCAD popped up from support around the 1.2250 minor psychological level to the 1.2400 area, which lines up with an area of interest. This could also serve as resistance of the new descending channel forming on the...
The US dollar went sideways initially on Friday, hovering above the 110 level. We shot to the upside after that, as the jobs number was much better than anticipated, and that of course suggests that the Federal...
The US dollar initially went sideways during the day on Friday, as we hovered around the 1.2575 level. The market broke higher during the day, slicing through the 1.26 handle, as the US jobs market produced far...
The British pound went sideways initially during the day on Friday, but then collapsed after the jobs number came out much longer than anticipated in America. The British pound has been beaten up rather significantly over the...
The EUR/USD pair went sideways initially during the day on Friday, but then broke down after the jobs number came out much stronger than anticipated. Because of this, the market fell towards the 1.1750 level underneath, which...
The Australian dollar started out on Friday rather bullish, but found enough resistance at the 0.7980 level to fall over. This was predicated upon the jobs number in the United States being better than anticipated, so that...
Tesla stock TSLA saw an impressive rally from the start of the year gaining +78% in 6 month before a correction took place and despite the recent decline the stock is still with +60% in profits. In this Technical Blog we’re...
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 US dollar fell significantly against the Japanese yen during the day on Thursday, crashing into the 110 handle. By slamming into this area, we are testing significant support, not only in a psychological sense, but also...
