The British pound fell significantly during the day on Thursday, as the 1.2950 level offered a bit too much in the way of resistance. Also, the Bank of England wasn’t as hawkish as people had hoped, and...
The EUR/USD pair initially tried to rally on Thursday, but as you can see made a lower higher than the previous session. This is a sign of a market that is trying to build up bearish pressure,...
The Australian dollar had an interesting session, initially falling, perhaps in sympathy to the moves in the New Zealand dollar. However, we rallied a bit but now are starting to see resistance again near the 0.7380 handle....
Short Term Elliott Wave view in SPX suggests the rally from 3/27 low (2322.2) is unfolding as a leading diagonal Elliott Wave structure where Minute wave ((i)) ended at 2378.36, Minute wave ((ii)) ended at 2328.95, Minute wave ((iii)) ended at 2398.16, and Minute wave...
USDCNH is in long term uptrend from 6.0152 (Jan 14, 2014 low). The highest record of this bullish movement is 6.9867 (Jan 3 high). After a sharp drop to 6.7817, the pair formed an ascending triangle pattern...
NZDUSD has been trading inside what appears to be a falling wedge pattern on its daily chart. Price is currently testing support and seems to be pushing for a break lower, indicating that a steeper selloff is...
The USD/JPY pair had a volatile session on Wednesday, as we bounced off the 113.50 level, and then finally managed to build up enough momentum to break above the 114 handle. It looks as if we are...
The US dollar had a very eventful day against the Canadian dollar. This of course had a lot to do with what was going on in the crude oil markets, as WTI shot much higher. The market...
The GBP/USD pair had a very volatile session on Wednesday, reaching the highs just below the 1.30 level again. We turned around to fall significantly, and test the 1.2925 region. This is a market that continues to...
The EUR/USD pair initially tried to rally during the Wednesday session, but found the 1.09 level to be a bit resistive. There is still a gap on the longer-term charts just below, so I think a fresh,...
