The British pound had an interesting session on Wednesday as we initially went sideways at the 1.29 handle, and then shot higher. I believe that the market is trying to “front run” the election results during the...
The EUR/USD pair had a very volatile session on Wednesday, as we are trying to front run the European Union quantitative easing situation. After all, the ECB has an interest rate decision today, and that will have...
The Australian dollar exploded to the upside on Wednesday, using the 0.75 level as support. Ultimately, this was in reaction to the stronger than anticipated Australian GDP numbers, as evident by the impulsive candle initially during the...
EURCAD recently sold off to the bottom of its wedge formation on the 4-hour time frame then bounced right back to the top. Another test of the resistance could be underway, but a breakout might be looming...
Short Term Elliott Wave view in AUDUSD suggests the rally from 5/9 low is unfolding as a double three Elliott Wave structure. Up from 5/9 (0.7325) low, Minute wave ((w)) ended at 0.7517 and Minute wave ((x)) ended at 0.7368. Pair has...
The US dollar fell significantly against the Japanese yen on Tuesday, slicing through the 110 level, and now looks very vulnerable to further downward pressure. The 110 level should now offer resistance, and I believe that the...
The USD/CAD pair initially dropped on Tuesday, but found enough support at the 1.3450 level to bounce. We found resistance at the 1.3490 level after that, and have simply gone back and forth cents. This is not...
The GBP/USD pair initially tried to rally on Tuesday, but turned around at the 1.2950 level to fall back below the 1.29 handle. However, when I look at the market over the last several sessions, it appears...
The EUR/USD pair initially tried to rally during the session on Tuesday, but found enough resistance near the 1.1280 level to turn things back around. We then bounced off the 1.1240 level. The market continues to look...
The AUD/USD pair broke out during the session on Tuesday, clearing the 0.75 level. Now that we have done that, the market has turned around to test that area and show signs of support, and because of...
