The AUD/USD pair initially fell on Friday but found enough support at the 50% Fibonacci retracement level to bounce a bit. If we can break above the 0.95 handle, the market should continue to go higher. Ultimately,...
Freeport McMoRan Incorporation (NYSE: FCX) is the world’s largest publicly traded copper and molybdenum producer and it’s also a major producer of gold but almost 70% of revenues are from the sale of copper. The Phoenix, Arizona-based company is primarily engaged in mineral exploration...
Short term Elliott Wave view in USDCAD suggest the decline to 1.322 ended Intermediate wave (X). The rally from there is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ended at 1.3525 and Minute wave ((x)) ended at...
USDJPY has been on a climb recently but zooming out to the longer-term charts shows that it’s still on a downtrend. Price is moving inside a descending channel pattern on its daily and 4-hour time frame but...
Short term Elliott Wave view in USDCAD suggest the decline to 1.322 ended Intermediate wave (X). The rally from there is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ended at 1.3525 and Minute wave ((x)) ended at...
The USD/JPY pair broke higher during the day on Wednesday as we continue to see quite a bit of buying pressure. This was in reaction to stock markets going higher and we now are finding the market...
The USD/CAD pair initially tried to rally during the session but continues to find the 1.36 level to be far too resistive. Because of this, looks like we are to pull back a little bit as oil...
The British pound continues to grind sideways just above the 200-day exponential moving average and the previous resistance at the 1.2750 level. However, this candle looks a little bit more bullish than the others, and therefore...
The EUR/USD pair initially tried to rally during the day on Wednesday but fell below the 1.09 level again. There is a gap below that should offer support, but quite often these markets tried to fill these...
The Australian dollar fell significantly during the session on Wednesday, breaking down to the 50% Fibonacci retracement level. It is in this area that one would expect some type of support to appear, but as I record...
