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 USD/JPY pair initially rally during the day on Wednesday, reaching towards the 111 level. However, we offered enough resistance to turn around and fall significantly. As I look at this chart, there seems to be a...
The US dollar shut higher against the Canadian dollar initially during the session on Wednesday, but found enough resistance just below the 1.26 level to turn around and fall significantly. Part of this would’ve been done due...
The British pound rose during the day on Wednesday, as we continue to press against the 1.3250 level. Currently, looks as if the market is in a somewhat consolidate of tone, but with a slight upward bias....
The EUR/USD pair rallied during the day on Wednesday, reaching towards the 1.1850 level. However, we pulled back and found enough support underneath to continue higher. The market has been very strong, and I think it will...
The Australian dollar was very volatile, as the Wednesday session has been massively supported at the 0.7950 level underneath. The 0.80 level above is significant resistance though, so it will be difficult to see a breakout above...
GBPNZD bounced a couple of times off the 1.7400 level, creating a double bottom pattern with a neckline at the 1.7850 minor psychological level. Price has yet to break past the resistance before confirming that a longer-term...
The USD Index has dipped over 9% this year. The weakness in US Dollar has been broad-based and consistent against all major currencies. The Dollar Index closed fifth straight month in losses , something which hasn’t happened since...
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 double three Elliott wave structure where Minor wave W ended...
The USD/JPY pair initially tried to rally during the day on Tuesday but found significant resistance at the 50 exponential moving average in the hourly timeframe. We rolled over to test the 110 level, which is massively...
