The USD/JPY pair had a very positive session on Thursday, especially considering that we were heading into a jobs announcement, something that typically moves this market quite violently. Because of this, I believe that the market wants...
The USD/CAD pair had a volatile and choppy session on Thursday, as we continue to trade just below the 1.35 handle. The one thing that I would point out is that we recently have seen a little...
The GBP/USD pair initially fell rather stringently during the session on Thursday, but found enough support near the 1.2825 level to bounce and reach towards the 1.29 handle. That’s an area that should cause quite a bit...
The EUR/USD pair spent most of the day falling on Thursday, but found enough support at the 1.12 level to turn around and bounce. It looks as if the market is well supported just below that area,...
The AUD/USD pair had a very negative session on Thursday, as we sliced through the 0.74 level, but then bounced enough to go towards the 0.7420 level. At that area, the market then fell significantly and broke...
GBPJPY has been trending lower on its 1-hour chart, moving inside a descending channel formation. Price is currently testing the resistance and could be due for a move back to support around 140.50. The 100 SMA is...
“That time still lies ahead, but it is coming.” – Robert Prechter says on the first page of his Elliott Wave Theorist. The major market Bob refers to could be the opportunity of a lifetime. And the...
USDCAD is facing 1.3540 resistance. A break of this level will indicate that the bearish movement from 1.3793 had completed at 1.3387 already, then the following bullish movement could bring price towards 1.3800. On the downside, as...
USDJPY breaks above 111.50 resistance, suggesting that the short term downtrend from 112.13 is complete. Further rally to test 112.13 resistance could be expected and a break through this level could take price to the next resistance...
AUDUSD broke below 0.7416 support and continued its short term bearish movement from 0.7517. Further decline to test 0.7328 support is possible in a couple days, a break through this level could take price to next support...
