The US dollar exploded to the upside during the trading session on Friday after the jobs number came out a bit mixed. Ultimately, most traders will ignore the jobs number anyway, mainly because of the effect of...
The US dollar shot higher against the Canadian dollar initially during the trading session on Friday, but rolled over to reach towards the 1.2550 level as the jobs number is favored Canada. However, American job numbers were...
The British pound fell on Friday, as the overall bearish pressure on Sterling continues. Ultimately, this is more or less a build of confidence, as the Teresa May government continues to struggle. These are very important times...
The EUR/USD pair showed extreme amounts of volatility early in the session on Thursday, but after the jobs number came out of America, we shot higher, reaching towards the 1.1750 level. At this point, I think that...
The Australian dollar initially tried to rally during the session on Friday, but found the 0.7750 level to be resistive after we broke down below it. This is a very negative sign for the Australian dollar, as...
EURUSD Intra-Day Elliott Wave view suggests the decline from 9/8 peak remains in progress as an expanded Flat Elliott Wave structure. Down from 9/8 high (1.2094), pair ended Intermediate wave (A) at 1.837. Bounce to 1.2034 ended Intermediate wave...
After breaking below a bullish trend line on the daily chart, AUDUSD continued to break below an important support level at 0.7807 and extended its downside movement to as low as 0.7743, confirming that the bullish movement...
The US dollar initially fell against the Japanese yen on Thursday, but found enough support near the 112.50 level to turn around and bounce. I think that the market will continue to find buyers underneath, so I...
The USD/CAD pair exploded to the upside as the Canadian trade deficit continues to expand. Ultimately, we broke above the 1.25 handle, and for me that’s a very bullish sign. Given enough time, the market should then...
The British pound initially went sideways on Thursday but then broke down rather significantly. We reached down towards the 1.31 handle, and breaking below the 1.32 level for me was a very negative sign. I think that...
