Short term Elliott Wave view in EURJPY suggests that the pair has ended the cycle from 2/24 low (118.18) and the instrument is pulling back to correct that cycle before turning higher again. Primary wave ((5)) is currently in...
EURJPY recently broke out of its descending channel pattern, signaling a reversal from the selloff. Price reached a high of 122.83 before showing signs of a pullback, and applying the Fib tool on the latest swing high...
USD/JPY daily chart, March 15, 2017 The USD/JPY pair initially tried to rally during the session on Tuesday, but found the 115 level far too resistive yet again. If we can break down below the bottom of...
USD/CAD daily chart, March 15, 2017 The USD/CAD pair broke higher during the session on Tuesday, testing the 1.35 handle. That’s an area that should continue to see resistance, but with the oil market is looking so...
GBP/USD daily chart, March 15, 2017 The British pound fell significantly during the day on Tuesday, as we wiped out all the gains from Monday. It looks as if we are going to continue to try to...
EUR/USD daily chart, March 15, 2017 The EUR/USD pair fell on Tuesday, breaking the bottom of a shooting star from Monday. This is a very negative sign, and I believe that if we can break down below...
AUD/USD daily chart, March 15, 2017 The AUD/USD pair fell significantly during the day on Tuesday but found enough support at the 100-exponential moving average to turn things around and form a hammer. Because of this, I...
USD/JPY daily chart, March 14, 2017 The USD/JPY pair went back and forth on Monday, showing signs of hesitation just below the 115 handle. On Friday, we formed a shooting star which is a negative sign, but...
USD/CAD daily chart, March 14, 2017 The USD/CAD pair gap lower at the open on Monday, but turned around to fill that gap immediately. We then found enough resistance to turn around and form a shooting star...
GBP/USD daily chart, March 14, 2017 The GBP/USD pair rally during the day on Monday, slamming into the 1.2250 level. This is an area that has been of interest recently, and I think that if we can...
