The EUR/USD pair shot like a rocket into the stratosphere after less than impressive US numbers came out during the early New York trading. However, the 1.13 level is offering a bit of resistance as I record...
The Australian dollar exploded to the upside during the day on Wednesday, in anticipation of the Federal Reserve meeting announcement. While an interest rate hike is expected out the United States, the market is starting to bet...
EURCAD recently broke below a rising wedge formation visible on its 4-hour time frame, signaling that bearish pressure has returned. Price dipped to the 1.4800 area before showing signs of a pullback. Applying the Fibonacci retracement tool...
GBPJPY just bounced off its channel support again and could be gearing up for a correction to the resistance at the 141.50 minor psychological mark. If this keeps gains in check, the selloff could resume back to...
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 did very little against the Japanese yen on Tuesday, as we wait for the results of the FOMC meeting. Quite frankly, this is not a huge surprise, but I do believe that eventually we...
The USD/CAD pair fell apart during the session on Tuesday again, reacting to comments coming out of Bank of Canada member Carolyn Wilkins, suggesting that perhaps the Canadian central bank will have to taper off a quantitative...
The British pound continues to be one of the more volatile currencies around the world, and that makes quite a bit of sense as we have had so many shocks over the last several months. I still...
The EUR/USD pair had a relatively quiet session on Tuesday as we await the Federal Reserve meeting results at the end of the day today. Because of this, the market may be quiet over the next 24...
The Australian dollar try to rally during the session on Tuesday, but found enough resistance above the turnaround for a bit of a shooting star. I believe that the market will continue to try to rally though,...
