We are taking the more aggressive view in USDJPY and calling the rally to 115.48 on 3/10 as Intermediate wave (B). Decline from there is unfolding as a 5 waves impulse Elliott wave structure with an extension in wave 3....
AUDUSD is showing 5 swings sequence from 12/23/2017 low after it managed to break above 02/23 peak so the sequence is bullish against Intermediate wave (X) low (0.7487). The pair did 5 waves impulsive move from 03/09 low in Minute wave ((a)) which...
EURUSD is starting to trend higher on its 1-hour time frame, moving inside an ascending channel and just coming off a bounce from resistance. A pullback to the channel support at the 1.0750 minor psychological level could...
USDJPY recently broke down from its range visible on the 4-hour time frame, signaling that a selloff is in order. Price seems to be in the middle of a correction to this area of interest, though, and...
Short term Elliott Wave view in USDJPY suggests that rally to 115.48 on 3/10 ended Intermediate wave (X). Decline from there is unfolding as a zigzag Elliott wave structure in which the first leg Minor wave A is subdivided in 5 impulsive waves....
USD/JPY daily chart, March 23, 2017 The USD/JPY pair fell during the day on Wednesday, testing the 200-exponential moving average. If we can bounce from here, that saves a certain amount of bullish pressure in a market...
USD/CAD daily chart, March 23, 2017 The USD/CAD pair initially tried to rally on Wednesday, but found enough resistance above the 1.34 level to turn around and form a shooting star. I think we’re going to enter...
GBP/USD daily chart, March 23, 2017 The GBP/JPY pair went back and forth during the day on Wednesday, as we tested the 1.25 level for resistance. We ended up forming a somewhat neutral candle, and I believe...
EUR/USD daily chart, March 23, 2017 The EUR/USD pair fell initially during the day on Wednesday but found enough support just below the 1.08 level to turn things around and form a hammer. If we can break...
AUD/USD daily chart, March 23, 2017 The AUD/USD pair fell initially during the course of the session on Wednesday, but turned around to form a nice-looking hammer. This suggests that there are buyers underneath looking to try...
