GBPJPY recently had lower highs and found support at the 137.00 major psychological level, creating a descending triangle pattern. Price just recently broke above the resistance at 139.00, indicating that bulls are taking control of price action....
Short term Elliott Wave view in USDCAD suggest the decline to 1.322 ended Intermediate wave (X). Up from there, the pair is showing 5 waves impulse structure where Minutte wave (i) ended at 1.3338, Minutte wave (ii) ended at 1.3258, Minutte wave (iii) ended...
The USD/JPY pair gapped higher at the open on Monday, but has spent most of the session trying to retrace that gap. Because of this, I believe that the short-term pressure may be to the downside. A...
The USD/CAD pair initially fell during the day on Monday, but turned around to form a hammer like candle. As oil sold off, the Canadian dollar of course did as well. That being the case, looks as...
The GBP/USD pair initially tried to rally during the session on Monday but pulled back as we continue to consolidate just above the 1.2750 level. Because of this, I think that a bounce will happen, but you...
The EUR/USD pair gapped at the open on Monday, as the French elections gave traders confidence in the EUR again. This being the case, we reached all the way to the 1.09 level and then fell. We...
The Australian dollar went back and forth on Monday as we continue to bounce around in consolidation. I believe there’s plenty of resistance at the 0.76 level. And exhaustive candle in that area would be and I...
Short term Elliott wave view in USDCAD suggest that the cycle from 4/13 low (1.3218) is unfolding as an impulsive Elliott wave structure . This 5 wave move could be wave ((a )) of an Elliott wave zigzag structure structure or...
GBPUSD had previously been trading inside a range with support at 1.2100 and resistance at 1.2700. Just recently, price made an upside breakout, signaling that further gains are likely. The rectangle is 600 pips tall so the...
The USD/JPY pair fell slightly during the day on Friday as we continue to bang around in a consolidated area. I think given enough time, the market should then reach towards the 110 level above, and I...
