AUDJPY Short Term Elliott Wave view suggests that the rally to 90.31 ended Intermediate wave (W). Intermediate wave (X) pullback remains in progress as a double three Elliott Wave structure. Down from 90.31, Minor wave (W) ended at 88.44 and Minor...
The USD/JPY pair gapped higher at the open on Monday, only to turn around and pullback to fill the gap. The 112 level has offered support, and it looks as if we could see buyers jump back...
The US dollar fell slightly against the Canadian dollar during the Monday trading hours. The market looks likely to continue the volatility that we have seen as of late, and I recognize that the markets are testing...
The GBP/USD pair initially tried to rally during the Monday session, but ran into a bit of resistance near the 1.3575 level. Ultimately, I believe that the market is trying to build up enough momentum to finally...
The EUR/USD pair gapped lower at the open on Monday, but then turned around to fill that gap. We have fallen since then, but continue to find support near the 1.1850 region. A breakdown below there census...
The Australian dollar fell a bit during the day on Monday, but continues to find plenty of noise in this general vicinity. I think that we are going to see a lot of choppiness, and that the...
GBPUSD is still trending higher on its longer-term charts and is testing the top of its ascending channel visible on the daily time frame. This could mean an opportunity for a countertrend play back to the support...
AUDNZD recently broke below the ascending channel support on its 4-hour time frame to signal that a reversal is underway. Before that happens though, price could still make a pullback to the broken support. However, the 100...
USDCAD extended its short term upside movement from 1.2061 to as high as 1.2390. Further rally is still possible after a minor consolidation and next target would be at the top trend line of the price channel...
USDJPY remains in the uptrend from 107.31. As long as the price is above the bullish trend line on the 4-hour chart, the fall from 112.71 could be treated as consolidation of the uptrend. Further rise would...
