The EUR/USD pair pulled back slightly during the day on Friday, as one would expect as we had gotten overextended. A pull back the show signs of support should be a buying opportunity though, and that’s exactly...
The Australian dollar rallied initially during the day, testing the 0.77 level above. We pulled back though, and now looks like the 24-hour exponential moving average is trying to offer dynamic support that should push the market...
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 a wave A of...
Short term Elliott wave view in USDX suggest that the cycle from 6/20 peak (97.88) is unfolding as an impulsive Elliott wave structure . This 5 wave move could be a wave A of an Elliott wave zigzag structure structure or a wave C...
The ascending channel on Cable’s daily time frame is still intact and price is heading towards the resistance around 1.3400. A countertrend opportunity could arise if reversal candlesticks form around this area. In that case, a move...
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 where Minute wave ((i)) ended at 124.46...
The US dollar was very volatile against the Japanese yen. The 112 level looks very likely to offer support, so as long as we can stay above there, the market should then go to the 112.50 level....
The US dollar collapsed against the Canadian dollar during the day on Wednesday, as oil markets rallied. Having said that, it was a bit of a mixed signal when it comes to oil and I think part...
The British pound went sideways during the session on Wednesday, but then exploded to the upside as Mark Carney suggested that the Bank of England would have to raise rates if the global economy starts to heat...
The EUR/USD pair initially tried to rally during the session on Wednesday, but then fell significantly towards the 1.13 level below. We bounced significantly from there, as this volatility was caused by a random tweet coming across...
