The Australian dollar shut higher during the day on Friday, slicing through the 0.7550 level. Having said that, we rallied enough to overextend herself, and then pulled back to find support. That being the case, looks as...
Short term YM (DJI Futures) Elliott Wave view suggests the rally from 4/19 low is unfolding as a diagonal Elliott Wave structure where Minor wave 1 ended at 21010 (4/26), Minor wave 2 ended at 20474 (5/18), Minor wave 3 ended at...
EURJPY is trending lower on its 4-hour time frame and is currently testing the resistance of its falling channel. If the 124.00 handle holds as resistance, the pair could slide back to support at the 122.00 handle....
Short term DAX Elliott Wave view suggests the rally from 5/18 is unfolding as a double three Elliott Wave structure. Minute wave ((w)) ended at 12879.5 and Minute wave ((x)) pullback ended at 12617. Internal of Minute wave ((x)) subdivided...
The USD/JPY pair initially dipped on Wednesday, but then found enough buying pressure to reach towards the 111.75 level. As I write this, it looks as if we are trying to pull back a bit, but the...
The USD/CAD pair went sideways with a slightly upward bias during the day, but as the market broke above the 1.33 level, the market exploded to the upside and continues to feed on the downward pressure in...
The GBP/USD pair went sideways initially during the day on Wednesday, but then found massive support at the 1.26 level as the word got out that at least one of the Bank of England members thinks that...
The EUR/USD pair went sideways initially during the day on Wednesday, but eventually found buyers. I believe that the 1.11 level underneath continues offer bit of support, so it’s possible that we bounce from here and go...
The Australian dollar fell initially during the day on Wednesday, reaching towards the 0.7550 level underneath, finding a significant amount of support. We bounced from there, but then found a significant amount of resistance at the 0.7575...
EURCAD recently sold off but seems to be finding support at an area of interest visible on its daily time frame. Applying the Fib tool on the latest swing high and low also shows that the 38.2%...
