The US dollar went sideways initially during the session on Friday, but then collapsed after fairly weak inflationary numbers came out of the United States. This only exacerbates the differential between bonds in the US and Canada,...
The British pound went sideways initially during the day on Friday, but then sliced through the 1.30 level, and then eventually the 1.3050 level, an area that I have been calling major resistance recently. I believe that...
The EUR/USD pair ground a little bit higher during the session on Friday, but then eventually broke out with more momentum, slicing through the 1.1450 level. The market now looks as if it’s turning this attention to...
The Australian dollar went higher in slow-motion during the day initially, but then exploded to the upside as the inflationary numbers of the United States were weaker than anticipated. Because of this, the Australian dollar broke above...
Short term NIFTY Elliott Wave view suggests the rally to 9709.3 ended Intermediate wave (1), and the pullback to 9449.06 low ended Intermediate wave (2). Rally from there could be unfolding as an Elliott wave Zigzag structure where Minor wave A...
EURUSD recently broke to the upside of a symmetrical triangle pattern then zoomed up close to the 1.1500 handle before pulling back. Price is retesting the broken triangle resistance which might now hold as support. Applying the...
Our friends at Elliott Wave International (EWI) regularly put out great free content on their site. If you’ve visited their site before, you may have seen “Chart of the Day,” a featured series of videos that take...
USDCAD remains in downtrend from 1.3347, the rise from 1.2680 could be treated as consolidation of the downtrend. Range trading between 1.2680 and 1.2820 would likely be seen in a couple of days. Near term resistance is...
USDJPY failed to break below 112.74 key support and rebounded to 113.57. However, another fall to retest 112.74 support is still possible, a breakdown below this level will indicate that the uptrend from 108.81 had completed at...
AUDUSD broke above 0.7712 resistance, suggesting that the uptrend from 0.7328 (May 9 low) has resumed. Further rise is possible in a couple of days and next target would be at 0.7800 area. Support level is now...
