The British pound went sideways during the day on Tuesday, as we continue to see choppiness with a slightly negative bias. I think that the 1.29 level underneath should be supportive though, and as we start to...
The EUR/USD pair initially went sideways on Tuesday, but then broke down a bit to reach towards the 1.1350 level. I believe that there is a much more significant support level in the 1.13 region, so I’m...
The AUD/USD pair initially went sideways during the day on Tuesday, then collapsed to reach towards the 0.76 level underneath. The market looks very negative, as the selloff has been rather brutal. Because of this, the market...
USDJPY has been trending higher recently, moving inside an ascending channel on its 1-hour time frame. Price just bounced off the resistance and could be due for a test of support near the 112.50 minor psychological level...
There has been a lot of headlines lately as the world’s new favorite cryptocurrency Ethereum (ETHUSD) soared +5,000% in value before the price dropped and it’s currently still up over 3,500%. Ethereum was only developed two years ago while bitcoin’s...
Short term EURJPY Elliott Wave view suggests the decline to 122.35 on 6/15 low ended Intermediate wave (X). Rally from there is unfolding as an impulse Elliott Wave structure with extension. This 5 wave move could be Minor wave A...
GBPUSD Bullish Scenario: A bullish pattern can be seen for another possible move higher but has yet to trigger buys at the BC 0.50% Fib. level. If looking to buy GBPUSD traders should be patient and wait for...
The US dollar skyrocketed against the Japanese yen during the session on Monday, touching the 113.50 level during the day. We are starting to pull back a little bit, as we are bit overextended, but quite frankly...
The US dollar rallied against the Canadian dollar during Monday, breaking above the 1.30 level. This is a bullish sign, as the 1.30 level needed to hold to keep hopes of bullish pressure alive. Remember that the...
The GBP/USD pair fell significantly during the day on Monday, as we go looking for the 1.29 level below. That’s an area that could cause a bit of support, and the strength of the British pound of...
