The USD/CAD pair went back and forth during the day on Tuesday, testing the 1.33 region. The oil markets were extraordinarily volatile, and that was the main culprit of the currency pair being so choppy. The 1.33...
The GBP/USD pair rally during the session on Tuesday, testing the 1.25 handle. There is a lot of noise in this area and we have been going back and forth during the last several weeks between the...
The EUR/USD pair rallied on Tuesday, breaking above the top of the range from the Monday session and showing that the 1.06 level was in fact going to be supportive. Having said that, I still believe that...
The Australian dollar went back and forth during the day as the 0.75 level continues to attract traders. However, gold markets are broken out so a break above the top of the candle for the session could...
Short term Elliott Wave view in Crude Oil (CL_F) suggests that cycle from 3/22 low (47.01) is unfolding as a double three Elliott wave structure where Minute wave ((w)) ended at 50.85 and Minute wave ((x)) ended at 49.88. Minute...
The USD/JPY pair tried to rally on Monday but gave back quite a bit of the gains. I think this market continues to consolidate between the 110 level on the bottom and the 112 level on the...
The US dollar went back and forth on Monday, as we continue to chop around the consolidation area that the market has been trading in for several weeks. I still believe that the US dollar has plenty...
The GBP/USD pair bounced during the session on Monday as the 1.2350 level held supportive. However, I think we are basically just bouncing around and overall consolidation, but the impulsive negative candle on Friday leads me to...
The EUR/USD pair fell initially during the day on Monday but turned around to form a supportive candle. The 1.06 level above continues to offer resistance though, so it’s likely that we will continue to see choppiness....
The AUD/USD pair had a choppy session on Monday as we bounced around below the 0.75 handle. This is an area that has a significant amount of support attached to it though, and therefore it’s not surprising...
