The USD/CAD pair went sideways initially during the day on Friday, but continues to find support at the 1.32 level. That being the case, the market looks as if it’s ready to break out to the upside,...
The British pound rallied a bit during the day on Friday, breaking above the 1.27 handle. The British pound continues to pick up a little bit of bullish pressure, and the market should go looking for the...
The EUR/USD pair has rallied significantly during the day on Friday, breaking above the 1.1175 handle. In doing so, it looks as if we’re going to go looking for the 1.12 level. That is an area that...
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...
