The British pound fell apart during the session on Tuesday, slicing through the 1.2950 level finally. It now looks as if the 1.2850 level will be support, and if we can break below there things could get...
The EUR/USD pair fell rather significantly during the session on Monday, and accelerated to the downside after the US retail sales figures candle stronger than anticipated. However, looks as if the 1.17 level is trying to hold,...
The Australian dollar initially tried to rally on Tuesday, but found enough resistance at the 0.7875 level to turn around and continue to fall. I believe the gold markets are going to continue to suffer, as the...
EURUSD is starting to trend lower and move inside a descending channel formation. Price is bouncing off support and might be due for a test of the resistance at the 1.1800 major psychological level. The 100 SMA...
Short term Dow Futures (YM_F) Elliott Wave view suggests that rally from 6/29 low is unfolding as a a double three Elliott wave structure. Up from 6/29 low (21138), Minor wave W ended at 22132 and pullback to 21790...
The US dollar fell against the Japanese yen after initially surging much higher during the day on Monday. We are testing an uptrend line that had been broken, so if we can break above the 110 handle,...
The US dollar rallied against the Canadian dollar initially during the day on Monday, but found the area above the 1.27 level to be a bit too resistive. We formed a shooting star for the week from...
The British pound continues to grind back and forth against the US dollar as the Monday session was no different than the last few before it. Currently, looks as if the market is content to simply go...
The EUR/USD pair fell during the session on Monday, testing the 1.1750 level underneath. That’s an area that was resistive in the past, and as I write this, we are starting to see buyers enter the market...
The Australian dollar initially tried to rally on Monday, but then roll over. However, we have a significant amount of support below at the 0.7850 level, which is an area that we see in a significant bounce...
