The USD/CAD pair broke out rather significantly during the day on Tuesday, clearing the 1.37 level. Oil markets continue to struggle, so having said that it makes sense that the Canadian dollar suffers. The US dollar breaking...
The British pound continues to show signs of life as we have had a volatile session on Tuesday, initially falling but then breaking higher and clearing the 1.29 handle again. It looks likely that the market will...
The EUR/USD pair had a relatively flat session on Tuesday, as we continue to hover around the 1.09 level. However, when you look at this chart you can see that the moving averages I have placed on...
The AUD/USD pair initially tried to rally during the Tuesday session but turned around at the 0.7550 level. We fell from there and then broke down somewhat significantly. The Australian dollar continues to be very volatile, but...
EURJPY has formed higher lows and higher highs, creating a rising wedge formation on its 1-hour time frame. A breakout in either direction is possible, setting the tone for longer-term trends for this pair. A move below...
Gold to Silver Ratio Daily Elliott Wave Chart Daily chart of Gold-to-Silver ratio above suggests that the ratio is correcting cycle from 2/29/2016 peak (83.68) before the decline resumes later, provided that pivot at 83.68 high stays...
Short term Elliott Wave view in NZDUSD suggests the decline to 0.6844 low ended cycle from 3/21 high in Minor wave W. Pair is currently correcting cycle from 3/21 high in 3, 7, or 11 swing in Minor wave X before...
NZD USD is showing 5 swings down from 2/6/2017 (0.7375) which means it’s an incomplete Elliott wave sequence and calls for another swing lower to complete 7 swings down from 2/6/2017 (0.7375) peak. First 3 swings completed on 3/9/2017...
GBPAUD recently broke to the upside from a symmetrical triangle formation and is now breaking past a double bottom neckline around 1.7100. This would mean strong bullish signals for the pair, as the chart patterns are approximately...
The USD/JPY pair has been somewhat sideways during the day on Monday, as we continue to try to build up enough momentum to drive higher and finally break above the psychologically important 112 level. The 112 level...
