USDJPY: Analyze, Prepare, then Let the Market Decide
USDJPY reached its higher level so far in 2019 yesterday. The pair climbed to 112.166, extending its recovery from the 109.71 bottom formed last month. But the bulls didn’t always look that confident....
View ArticleUSDCNH Before and After Trump’s Tariff Threat
The negotiations between the two biggest economies are not going as well as investors hoped. Stock market indices are down across the board following President Trump’s new China tariff threat. Another...
View ArticleUSDTRY – Is 8.0000 the Bulls’ Ultimate Target?
The U.S. dollar has been on a tear since the Financial crisis, rising against rivals both big and small. One currency that was hit especially hard is the Turkish lira. USDTRY was down to less than...
View ArticleUSDCHF Elliott Wave Pattern and a Key Level to Watch
The Swiss franc was among the very few currencies that managed to stand their ground against the U.S dollar in May. USDCHF reached 1.0238 in late-April. The last time the pair traded this high was in...
View ArticleEURUSD Bulls Needed a Catalyst. Mr. Powell Obliged
EURUSD was trading near 1.1170 at the start of last week. The pair was close to levels last seen two years ago and most expected the slide to continue. But then, on June 4th, Fed Chairman Jerome Powell...
View ArticleUSDCHF Bears in Charge. Time for a New Key Level
On May 30th USDCHF was trading near 1.0100 in an attempt to recover from a decline from 1.0238 to 1.0009. The bulls had managed to add more than 90 pips and seemed determined to get the job done....
View ArticleUSDCNH Looks Bearish in the Midst of a Trade War
Less than a month ago USDCNH rose to 6.9621 and it looked like reaching a new multi-year high above 7.0000 was only a matter of time. Unfortunately for the bulls the market chose otherwise. USDCNH fell...
View ArticleGBPNZD Falls as No-Deal Brexit Looms
The possibility of a no-deal Brexit received another boost after Boris Johnson became Prime Minister of the UK. The market, however, doesn’t seem to like those prospects. The Pound Sterling has been...
View ArticleTrump Didn’t Drag USDJPY Down. Elliott Wave Did
USDJPY plunged sharply last week after President Trump’s latest China tariff threats. The pair reached a high of 109.32 on Wednesday, July 31st, but finished the week below 106.60 on Friday. However,...
View ArticleEURUSD Absorbs Economic, Trade War and G-7 News
EURUSD made a new low last week. The pair fell to as low as 1.0963 on Friday adding to the downtrend it has been trading in since February 2018. The last time the European currency traded this low...
View ArticleGBPAUD Elliott Wave Setup Supports the Bears
Between July 30th and August 26th, GBPAUD managed to recover from 1.7561 to 1.8337. Despite the no-deal Brexit prospects, the Australian dollar turned out to be even weaker than its British rival for...
View ArticleUSDJPY Pattern Makes More Sense than Politics
The last two weeks were different like night and day for USDJPY traders. The pair fell from 108.47 to 106.48 during the first three days of October and eventually closed the week in negative territory....
View ArticleEURUSD Turns Up Ahead of Brexit Talks Breakthrough
EURUSD is up by 260 pips since the beginning of October. The pair climbed from 1.0879 to 1.1140 in just 14 trading days. The rally appears to be fueled by optimism regarding a possible Brexit deal and...
View ArticleEURAUD Impulse Pattern Keeps the Bulls in Charge
Twenty days ago, EURAUD managed to stop the bleeding and form a bottom at 1.5976. As of this writing the pair trades around 1.6250 after reaching 1.6324 on November 20th. Is the uptrend still in...
View ArticleGBPCAD Can Reach 1.9000 Before the Bears Return
GBPCAD bulls have been on a roll the past four months. The pair is currently trading above 1.7330, up 9.1% from its early-August low of 1.5875. And while the Forex market is not the place to rely on a...
View ArticleGBPUSD To Resume Uptrend Once Correction Ends
The Brexit saga continues as Boris Johnson’s re-election puts Britain firmly on the path of leaving the EU on January 31st 2020. And while the results of the June 2016 referendum caused a crash to...
View ArticleGBPUSD Completes Pattern, Uptrend to Resume
When we last wrote about GBPUSD Britain was still an EU member. Today, that is no longer the case as the country left the Union on January 31st. On the other hand, the pair is roughly unchanged,...
View ArticleAhead of the Move: EURUSD Adds 500 Pips in a Week
At the start of last week EURUSD was trading below 1.0700. The pair had fallen from as high as 1.1496 in just two weeks as coronavirus cases in Western Europe kept climbing disturbingly fast. And while...
View ArticleBritish Pound ‘s 13-Year Downtrend Almost Over
The thirteen-year period between 2007 and 2020 started with the biggest crisis since the Great Depression and is about to end with the biggest crisis since the Great Depression. Between the two, the...
View ArticleGBPUSD Aiming at 1.30, but May Tumble to 1.21 First
Not long ago, we shared our long-term view of GBPUSD. In our opinion, the down-phase of the pair’s cycle, which is in its 13th year now, is almost over. One last dip to 1.1000 is likely to be followed...
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