Although the Fed is in the rate hike cycle, USD rally started to lose momentum early this year when market started to realize that monetary policy divergence started to narrow. ECB has started to talk about rate hikes,...
USD/JPY daily chart, March 29, 2017 The USD/JPY pair initially fell during the session on Tuesday but found enough support below to turn things around again. It appears that the 50% Fibonacci retracement level is going to...
USD/CAD daily chart, March 29, 2017 The USD/CAD pair initially tried to rally during the session on Tuesday but found enough resistance at the 1.34 handle above to turn around. Oil rallied, so that helps the Canadian...
GBP/USD daily chart, March 29, 2017 The GBP/USD pair initially tried to rally during the day on Tuesday, but turned around to form a very bearish candle. It looks as if were going to test the 1.25...
EUR/USD daily chart, March 29, 2017 The EUR/USD pair continues to look very volatile, and I believe longer-term it will show bullish pressure. However, it looks as if we may drop slightly during the session on Wednesday,...
AUD/USD daily chart, March 29, 2017 The AUD/USD pair initially fell during the day on Tuesday but found enough support at the 61.8% Fibonacci retracement level to turn around and form a very bullish candle. Because of...
NZDUSD seems to be tired from its climb as a short-term reversal pattern formed on its 1-hour chart. Price failed in its last two attempts to break past the .7050 minor psychological resistance and is testing the...
USDCHF decline from 3/7 (1.0170) high to 3/22 (0.9879) low could be viewed as a 5 swing move that we have labelled as Elliott wave ((a)). Bounce to 0.9960 was a three move and completed Elliott wave ((b))....
USD/JPY daily chart, March 28, 2017 The USD/JPY pair fell during the day on Monday, reaching towards the 110 level below. That’s an area that will attract a lot of attention, not only because of the large,...
USD/CAD daily chart, March 28, 2017 The USD/CAD pair initially fell during the day on Monday, but found enough support near the 1.33 level to turn things around and form a positive candle. A break above the...
