The USD/JPY pair went back and forth during the day on Thursday, and then shot straight through the air as the “risk on” move started in the currency markets. Looking at this chart, it’s easy to see...
The USD/CAD pair initially tried to fall during the day on Thursday, but found enough support to turn around and go looking towards the 1.33 handle. A break above there will be a very bullish sign, suggesting...
The GBP/USD pair initially fell on Thursday, but popped back above the 1.2750 level. By doing so, it shows that the market is trying to rally, that of course is a good sign for the British pound...
The EUR/USD pair initially tried to rally at the open on Thursday, but then broke down significantly, slicing below the 1.12 handle during the day. As I record this, the market looks as if it is trying...
The Australian dollar initially tried to rally during the day on Thursday, but found resistance at the 0.7640 level. We pulled back from there, and then reached for support below where we did start to see that....
GBPNZD is trending lower but has just pulled up to the channel resistance around the 1.7750 minor psychological mark. If this area keeps gains in check, the pair could head back down to support at the 1.7200...
Short term GBPJPY Elliott Wave view suggests the decline from 5/10 high shows a 5 swing sequence, thus favoring more downside. Decline from 5/10 high is unfolding as a double three Elliott Wave structure. Down from 5/10 peak (148.11), Minor wave...
The US dollar fell precipitously during the session on Wednesday, as we guide very poor numbers coming out the United States. However, there is an interest rate decision coming out later in the day, and the wording...
The US dollar fell against the Canadian dollar again during the session on Wednesday, breaking below the 1.32 level. However, there are a lot of concerns when it comes to betting against the US dollar when it...
The British pound was volatile during the day on Wednesday as we continue to slice around the 1.2750 region. We broke above the 1.28 level, which is a bullish sign but I think a lot of what...
