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CAD/JPY: Analysis from December 17 was very profitable. However declines without any correction reached much lower than I expected (black symbols at H4 chart). I wrote: "Current situation looks very...
USD/JPY fell to a new low last week and touched our 200% Fibonacci extension level of a blue wave (b) where pair can be looking for a support. There are two reasons for that; first is a five wave fall...
It’s said that the night is blackest just before the dawn and investors clearly had a very dim short-term outlook on China’s economy earlier this week. After some aggressive action from...
USD/CADCurrently we are at 1.4221 after a nice pullback in London. We are looking to continue to the 1.270 Fibo at 1.4384 with an overall target near 1.4572. The average daily true range (ATR) for the...
NZD/USD is expected to make a bounce higher towards 0.6640 as long as it holds above 0.6515. There are sings of a short-term trend reversal as the price has reached an important long-term support. Red...
The EUR/USD pair is in a short-term bearish trend, but this decline is corrective and soon we will see a reversal to the upside. I do not expect the price to break below 1.07. Red lines - bearish...
Improving China trade and the continued pause in Yuan devaluation helps equities recover: Investors can breath a sigh of relief, temporarily at least. The doomsday scenario predicted by many and...
Fresh US dollar high to be hitUS dollar index has been moving sideways for almost the whole year now with a noticeable 6% range. At the start of 2016, the risks from Chinese economy heightened. On the...
Gold: Having followed through lower strongly on Tuesday gold remains weak and vulnerable to the downside on more weakness. On the downside, support comes in at the 1070.00 level where a break will...
Trade Of The Day: USD/JPY strengthened from 117.20 to 118.05 on Tuesday after market sentiment stabilized. The surge of US and European stock markets yesterday may put further pressure on JPY....
EUR/GBP H4The rate is still struggling with finding a strong daily close above 0.7500 level and on intra-day charts shows strong resistance at 0.7550. My bias is still bearish as long as we are...
The Australian dollar is steady on Wednesday, as AUD/USD trades at 0.7030 in the European session. On the release front, Australia will release two major employment reports, Employment Change and the...
EUR/USD is showing limited movement on Wednesday, as the pair trades at 1.0820 in the European session. On the release front, French CPI posted a weak gain of 0.2%, within expectations. Eurozone...
The GBP/USD pair is trading in a downward channel on a 4 hour time frame. The price has bounced back up from its minor support zone but the 20 day moving average has acted very much as a resistance...