EURGBP is trending higher on its short-term time frames but it could have room for retracement to nearby support zones. Price is moving inside an ascending channel with support at the .8800 major psychological level. Applying the...
Short term NIFTY Elliott Wave view suggests the pullback to 9449.06 low on 6/30 ended Intermediate wave (2). Up from there, rally is unfolding as an Elliott wave double three structure where Minute wave ((w)) ended at 9700.7 and Minute wave ((x)) ended at...
The USD/JPY pair has been bullish during the session on Tuesday, testing the 114.50 level. I still believe that the larger resistance is at the 115 handle, so if we can break above there, then I think...
The US dollar rose slightly against the Canadian dollar on Tuesday, as we await the Bank of Canada interest rate decision coming out today. It is anticipated that the BOC will raise rates, and if they don’t,...
The GBP/USD pair initially tried to rally during the session on Tuesday, but found quite a bit of selling pressure near the 1.2925 handle. This was based upon MPC Member Broadbent suggesting that perhaps monetary policy wasn’t...
The EUR/USD pair went sideways initially during the day on Tuesday, as we continued to tread water just below the 1.14 handle. We did break out to the upside, but as I write this, we are still...
The AUD/USD pair initially tried to rally during the day on Tuesday, but found the 0.7625 level to be resistive again. However, when I look at the chart overall, looks as if we are trying to form...
NZDUSD recently broke below support at the .7250 minor psychological level and dipped close to the .7200 handle before showing signs of a correction. Applying the Fib tool on the latest swing high and low on the...
Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave chart of Nikkei (NKD #F) . In further text we’re going to explain our view and the Elliott...
Short term USDJPY Elliott Wave view suggests the pullback to 111.7 low on 6/29 ended Minor wave X. Up from there, wave Y is unfolding as an Elliott wave zigzag structure where Minute wave ((a)) ended at 113.68 and Minute wave ((b)) ended...
