By Elliott Wave International Friday December 1 was a lucky break for loonie bulls. That day, the government agency Statistics Canada revealed the nation’s economy added 79,500 new jobs in November, “blowing past” the 10,000 that economists...
The dollar appreciated on Monday although it did so at a limited pace. Most of the crossings had limited tours at the beginning of the week continuing the tours of the American session on Friday, albeit at...
AUDUSD is currently trading inside an ascending channel on its daily time frame and is testing support. Price is also moving inside a short-term descending channel and might need to break past the resistance before establishing bullish...
USDCAD moved below 1.2666 support. Further decline would likely be seen and next target would be at 1.2600 area. Below this level would aim 1.2433 support. Near term resistance is at 1.2750, only break above this level...
USDJPY extended its upside movement from 110.84 to as high as 113.08. As long as the price is above the rising trend line on the 4-hour chart, the uptrend could be expected to continue and next target...
AUDUSD broke above 0.7644 resistance, indicating that the downside movement from 0.7897 had completed at 0.7532 already. Further rally could be expected and next target would be at 0.7729. Support levels are at 0.7575 and 0.7532, only...
The GBPUSD pair remains in uptrend from 1.3039, the fall from 1.3549 could be treated as consolidation of the uptrend. As long as the price is above the trend line, the uptrend could be expected to continue...
EURUSD moved sideways in a range between 1.1809 and 1.1961. As long as 1.1809 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.1554 and another rise towards 1.2092 (Sep 8 high)...
By gapping initially on the Monday session, this signified what I had been suspecting all along: that the US dollar is moving mainly upon tax reform expectations, and nowhere with this be more important than the...
The US dollar fell slightly against the Canadian dollar during the Monday session, but as we are in an area that has been supportive in the past, one has to think whether we are starting to...
