The EUR/USD pair initially dropped a bit on Thursday, but then shot towards the 1.14 level above. The area above there should be massively resistive, extending all the way to the 1.1450 level. Beyond that, the 1.15...
The Australian dollar went sideways and a very choppy session on Thursday, finding resistance just above the 0.76 handle. The market then broke down to the 0.7575 handle, and it looks as if it is likely to...
GBPJPY has been moving back and forth between support around the 138.50 and the range resistance at 147.50-148.00 visible on the daily time frame. Price is currently testing the resistance and could be due for a drop...
Bank of Canada will have a meeting on July 12 to decide the interest rate. USDCAD has declined due to recent comments made by top Bank of Canada officials which seem to suggest that interest rates could be...
The USD/JPY pair bounced significantly during the day on Wednesday, but found enough noise near the 113.60 level to turn around and pull back significantly. However, I think that the 113 level will continue to be supportive,...
The USD/CAD pair rallied on Wednesday, crashing into the 1.30 level. A lot of this must do with the oil market rolling over, as the Russian suggested that they would not be willing to cut production, and...
The British pound initially tried to rally during the day on Wednesday, but rolled over again and tested the 1.29 level underneath. We found enough support there to bounce significantly and I think the British pound is...
The EUR/USD pair initially went sideways, but then broke down significantly to test the 1.13 region. I believe that the market will probably turn around to reach towards the upside, perhaps going back towards the 1.14 level....
Short term USDX (USD Index) Elliott Wave view suggests the rally to 97.88 high on 6/20 ended Intermediate wave (X). Decline from there is unfolding as an impulse Elliott Wave structure with extension and ended at 95.47 low on 6/29. This 5 wave move...
The Australian dollar initially tried to rally, but then broke down as the gold markets did as well. Gold markets continue to be very volatile and negative, as interest rate outlook for the central banks around the...
