Short term USDCAD Elliott Wave view suggests the decline to 1.2411 ended Intermediate wave (3) of an Elliott Wave impulse structure from 6/2 peak. Intermediate wave (4) bounce is in progress as a flat Elliott wave structure where Minor wave A ended at 1.2576 and...
After breaking above the resistance of the September 2016 high of 0.7484 high, NZDUSD pulled back from 0.7557, suggesting that a short term top had been formed on the daily chart. On the upside, the pair stays...
The US dollar fell significantly against the Japanese yen during the day on Thursday, crashing into the 110 handle. By slamming into this area, we are testing significant support, not only in a psychological sense, but also...
The USD/CAD pair rallied initially during the day on Thursday again, but turned around to show signs of exhaustion. I believe that part of this may be due to the employment figures coming out of both countries...
The GBP/USD pair fell significantly during the day on Thursday, as the Bank of England suggested that interest rates are going to behind anytime soon. Because of this, it looks as if the market is going to...
The EUR/USD pair rallied during the day on Thursday, as we continue to see strength in this market. However, we are getting a bit overextended and I think that the market may be susceptible the downward pressure....
The Australian dollar initially fell during the Thursday session but found a bit of support near the 0.79 level, a key support level on the longer-term charts. The market looks as if it is trying to build...
AUDJPY staged a strong rally recently but appears to be topping out at the 89.00 area. A correction could be due before this pair heads any further north, and applying the Fibonacci tool on the latest swing...
USDCAD’s bounce from 1.2413 extended to as high as 1.2618. Further rally could be expected in a couple of days and next target would be at 1.2690, followed by 1.2740. Support is at 1.2413, only a breakdown...
USDJPY’s bearish movement from 114.49 extended to as low as 110.98. Resistance is at 110.98, as long as this level holds, the downside movement could be expected to continue and next target would be at 109.00 area....
