USDCAD Looks Bullish Long-Term! – Elliott wave (video)

USDCAD fully unfolded wave IV as part of a bigger, bullish cycle up from 2011 lows, and proceeded to trade into a wave V.

Continue Reading...

USDCHF Remains Bullish Within Impulsive Rise-Elliott Wave Forecast

USDCHF extended its gains in the last week, through 0.9044 swing and more importantly, it moved out of a recent upward channel. This breakout (blue circle) usually occurs

USDCAD Elliott Wave Analysis : A Completed Three Wave Rally From 1.0180 Is Pointing Lower

USDCAD 4h USDCAD is looking bearish after a turning point from 1.0418 where a three wave rally from 1.0180 most likely completed a corrective retracement labeled as (a)-(b)-(c). Notice

Elliott Wave Forecast For USDCAD: Price Could Extend Up To 1.0650

On USDCAD we are tracking an impulsive price action from around 1.0280 which is still incomplete as we need five waves to the upside. In fact, in this

Dollar Trading Mixed at Mid-Session

The U.S. Dollar is trading mixed at the mid-session with no clear theme at this time. The U.S. Dollar is trading mixed at the mid-session with no

Dollar Weakens on Profit-taking and High Volatility

The U.S. Dollar is trading mixed at the mid-session as profit-taking and volatility dominate the trade. Earlier in the session, the U.S. Dollar surged as traders took protection

Greece’s Budget Problems Pushes Euro to 5-Month Low

The U.S. Dollar is continuing to push toward new highs at the mid-session against most major currencies as investors seek refuge in lower-yielding currencies following the announcement by

U.S. Dollar Trading Weaker after Volatile Overnight Session

The U.S. Dollar is trading weaker overnight following a volatile trade. The initial move in the Dollar was to the upside as Germany announced that its economy

USD JPY Feeling Downside Pressure

At the mid-session, the U.S. Dollar is posting gains against most major currencies but getting crushed by the Japanese Yen. Risk aversion is high as demand for

Faltering Stock Markets Fuels Turnaround in Dollar

The inability of the U.S. stock market to hold on to overnight gains fueled a turnaround in the Dollar which erased gains in the Euro and British Pound.