The EUR/USD pair fell on Monday, as results of the French election came in. Initially, we gapped above the 1.10 level, but it became a “buy the rumor, sell the fact” type of trade. The market even...
The Australian dollar fell a bit during the session on Monday, as we initially gapped down, and then started falling. However, we bounced to test the area we gap down from, and then rolled over again. As...
NZDUSD could be in for a reversal from its selloff as the pair formed a double bottom pattern on its 1-hour chart. Price still has to test and breakout from the neckline at the .6960 level before...
Revised Elliott Wave view in NZDUSD suggests the decline from 3/21 high (0.709) is unfolding as a leading diagonal Elliott Wave structure where Minute wave ((i)) ended at 0.6905, Minute wave ((ii)) ended at 0.7053, Minute wave ((iii)) ended at...
USDCAD has been trading inside an ascending channel on its long-term time frames and is currently testing resistance. If this holds, price could make a correction to support and the nearby Fib levels. In particular, the 61.8%...
The USD/JPY pair had a very volatile session during Friday’s trading, as it course was the jobs number. Ultimately, the market looks as if it wants to go higher, and that of course is a good sign...
The USD/CAD pair broke down significantly during the day on Friday after initially tried to rally. The 1.38 level offered far too much in the way of resistance, and that being the case it’s likely that this...
The British pound rallied during the day on Friday, and even broke above the 1.2950 level. It now looks as if we are going to try to reach the 1.30 handle above, as this was a significant...
The EUR/USD pair had a very volatile session during the Friday trading hours, as the jobs number in the United States surprised to the upside. In a sense, we already have this move happen during the Thursday...
The AUD/USD pair rallied after initially falling during the day on Friday. Ultimately, this essentially formed a bit of a hammer and that suggests to me that the market may bounce a bit from here. However, there...
