The USD/JPY pair fell during the course of the session on Monday, but continues to hang about the consolidation area that we think will be the main driving factor of this pair in the short-term. We believe...
The USD/CAD pair initially tried to rally, but turned back around on Monday in order to form a bit of a shooting star. This simply shows that the market is struggling a bit to continue to go...
The GBP/USD pair initially tried to rally during the day on Monday but found enough resistance of the 1.52 level to turn things around and form a rather negative candle. We believe that the GBP/USD pair will...
The EUR/USD pair went back and forth during the course of the day on Monday, as we continue to struggle to keep any gains at this point in time. Ultimately, this is a market that has enough...
The AUD/USD pair went back and forth during the day here on Monday, as we continue to see interest somewhere near the 0.72 level. However, this is a market that will be beholden to the gold and...
AUDUSD has recently broken above the falling trend line visible on its 1-hour chart, indicating that a reversal is underway. Price is showing signs of pulling back to the broken resistance area and the 61.8% Fib at...
GBPJPY has been moving on an uptrend on its 4-hour time frame, with an ascending channel connecting the latest highs and lows of price action. Price is currently testing the channel support at the 186.50 minor psychological...
This just in from our friends over at Elliott Wave International, who today released a page-turner of report about a secret new tax on banks — and ultimately their customers. It’s something I thought I should share...
By Elliott Wave International When Ralph Nelson Elliott discovered the Wave Principle nearly 70 years ago, he explained how social (or crowd) behavior trends and reverses in recognizable patterns. You can learn to identify these patterns as...
USDCAD’s short term uptrend from 1.2831 extended to as high as 1.3370. Further rise to test 1.3456 resistance is possible next week, a break of this level will indicate that the uptrend from 1.1919 has resumed, then...
