The USD/JPY pair had a relatively stable session on Friday, which of course is a good thing as we broke out to the upside on Thursday. This shows that perhaps the markets are comfortable with having a...
The USD/CAD pair broke down significantly during the day on Friday, slicing below the 1.36 handle. This was driven mainly because of the oil markets rallying, and breaking above the significant $50 level. On the longer-term charts,...
The GBP/USD pair had a remarkable session on Friday, as we had some type of flash crash on Thursday, testing the uptrend line, but we turned around almost immediately. As traders cool their nerves, we eventually saw...
The EUR/USD pair had a very strong session on Friday, breaking above the 1.12 level. This is a very bullish sign, as American traders will went home for the weekend they started buying the EUR yet again....
The AUD/USD pair had a very strong session on Friday, reaching towards the highs that we had touched on Thursday. That’s a very bullish sign, and I think that the market is now trying to reach towards...
Short Term Elliott Wave view in FTSE 100 Index suggests the rally from 4/20 low (7096.6) is unfolding as a zigzag Elliott Wave structure where Minute wave ((a)) ended at 7302.57 and Minute wave ((b)) ended at 7197.28. Subdivision of Minute wave ((a))...
USDCNH broke below the bottom trend line from 6.8680 to 6.8837 of the price channel on the 4-hour chart, indicating that the short term uptrend from 6.8680 had completed at 6.9171 already. The subsequent downward movement extended...
The USD/JPY pair had a very volatile session on Tuesday, as one would expect. After all, the Wednesday session was brutal, and I now have marked on the chart an area that is the high of the...
The USD/CAD pair had a very volatile session during the day on Thursday, as we initially tried to rally but then turned around and wiped out all of those gains. Part of this is driven by oil,...
The British pound surged higher after retail sales came out much stronger than anticipated. This is a market that I’ve been talking about for some time, and I recognize that the 1.30 level has a certain amount...
