The US dollar fell significantly against the Japanese yen on Tuesday, slicing through the 110 level, and now looks very vulnerable to further downward pressure. The 110 level should now offer resistance, and I believe that the...
The USD/CAD pair initially dropped on Tuesday, but found enough support at the 1.3450 level to bounce. We found resistance at the 1.3490 level after that, and have simply gone back and forth cents. This is not...
The GBP/USD pair initially tried to rally on Tuesday, but turned around at the 1.2950 level to fall back below the 1.29 handle. However, when I look at the market over the last several sessions, it appears...
The EUR/USD pair initially tried to rally during the session on Tuesday, but found enough resistance near the 1.1280 level to turn things back around. We then bounced off the 1.1240 level. The market continues to look...
The AUD/USD pair broke out during the session on Tuesday, clearing the 0.75 level. Now that we have done that, the market has turned around to test that area and show signs of support, and because of...
EURNZD seems to be ready to head further south as it formed a head and shoulders pattern on its 1-hour chart. Price has yet to break below the neckline at 1.5650 before confirming that further losses are...
HG#F (Copper) is showing 5 swings incomplete sequence from 2/13/2017 high, preferred Elliott wave view suggests rally to 2.619 completed 6th swing as a FLAT in wave (B) and metal has now resumed the decline in 7th...
Short term Elliott wave view in NZDUSD suggest that the cycle from 5/11 low (0.6816) is unfolding as an impulsive Elliott wave structure . This 5 wave move could be a wave C of a FLAT correction or wave A of an Elliott wave zigzag structure structure. In either...
The USD/JPY pair had a choppy session on Monday, as we rallied towards the 110.75 level, but found that area resistive a couple of times. Currently, it looks as if the market is trying to consolidate, which...
The USD/CAD pair tried to rally during the day on Monday, but found the 1.35 level above to be resistive. Because of this, we rolled over and try to reach towards the 1.3450 level during the day....
