EURUSD failed to break out of 1.0950 resistance and continued its sideways movement in a trading range between 1.0820 and 1.0950. As long as the 1.0820 support holds, the sideways movement could be treated as consolidation of...
Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave chart of USDCAD. In further text we’re going to explain the structure,count the swings and see how we...
Short term Elliott Wave view in Nikkei ( NKD_F) suggests that the decline to 4/16 low (18255) ended primary wave ((4)). Up from there, the rally is unfolding as an impulse Elliott wave structure where Minute wave ((i)) ended at 18590, Minute...
Short term Elliott Wave view in NZDUSD suggests the decline to 0.6844 low ended cycle from 3/21 high in Minor wave W. Pair is currently correcting cycle from 3/21 high in 7 or 11 swing in Minor wave X before the...
The US dollar rallied against the Japanese yen during the session on Tuesday, breaking above the 112 level. However, we did droop a bit during the day and I think we are now trying to find some...
The USD/CAD pair broke out rather significantly during the day on Tuesday, clearing the 1.37 level. Oil markets continue to struggle, so having said that it makes sense that the Canadian dollar suffers. The US dollar breaking...
The British pound continues to show signs of life as we have had a volatile session on Tuesday, initially falling but then breaking higher and clearing the 1.29 handle again. It looks likely that the market will...
The EUR/USD pair had a relatively flat session on Tuesday, as we continue to hover around the 1.09 level. However, when you look at this chart you can see that the moving averages I have placed on...
The AUD/USD pair initially tried to rally during the Tuesday session but turned around at the 0.7550 level. We fell from there and then broke down somewhat significantly. The Australian dollar continues to be very volatile, but...
EURJPY has formed higher lows and higher highs, creating a rising wedge formation on its 1-hour time frame. A breakout in either direction is possible, setting the tone for longer-term trends for this pair. A move below...
