Elliott Wave Analysis of USDCAD – April 24th, 2023
USDCAD surged sharply last week, helped by an equally steep drop in crude oil prices and expectations for another rate hike by the Fed. How much further can the pair rise before bumping into a...
View ArticleElliott Wave Analysis of USDJPY – April 24th, 2023
USDJPY bulls gained some more ground last week as traders brace for another 25 bps to be added to the Fed funds rate in early-May. How much further can the pair rise before the bears return? Read in...
View ArticleElliott Wave Update of USDJPY – April 26th, 2023
USDJPY is down so far this week despite expectations for another 25 bps rate hike to be announced by the Fed on May 3rd. How is the pair likely to move going forward? Read in our latest Elliott Wave...
View ArticleElliott Wave Update of EURUSD – April 26th, 2023
EURUSD keeps its choppy and overlapping ascent going despite wide expectations for another 25 bps Fed rate hike on May 3rd. In today's Elliott Wave update we identify the key level traders must keep an...
View ArticleElliott Wave Update of USDCAD – April 26th, 2023
USDCAD keeps climbing helped by the weakness in the price of crude oil and the anticipated 25 bps Fed rate hike next Wednesday, May 3rd. Can the rally continue or should we expect a bearish reversal...
View ArticleElliott Wave Analysis of USDJPY – May 1st, 2023
USDJPY surged again last week as the Bank of Japan kept its ultra-loose policy in place while US inflation decelerated further. How much further can the pair climb before the bears return? Read in our...
View ArticleElliott Wave Analysis of EURUSD – May 1st, 2023
EURUSD almost made it to the 1.1100 mark last week, before closing below 1.1020 on Friday. Is this the right time to join the bulls and how to tell if it isn't? Read in our latest Elliott Wave...
View ArticleElliott Wave Analysis of USDCAD – May 1st, 2023
USDCAD surged to almost 1.3670 last week, but the bulls couldn't maintain momentum and eventually lost most of their gains by Friday. Can the rally continue or is this dip the start of a bigger...
View ArticleElliott Wave Update of EURUSD – May 3rd, 2023
EURUSD is up slightly this week despite decelerating Eurozone inflation and expectations for another Fed rate hike later today. Can the bulls be relied on to keep pushing the pair higher? Read in our...
View ArticleElliott Wave Update of USDCAD – May 3rd, 2023
USDCAD is up sharply this week, helped by a selloff in crude oil prices and expectations for another rate hike by the Fed later today. How much further can the pair rise before bumping into a...
View ArticleElliott Wave Update of USDJPY – May 3rd, 2023
Even wide expectations for another rate hike by the Fed can't help the bulls in USDJPY this week as traders seek refuge in the yen. In today's Elliott Wave update we identify the key level that would...
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EURCAD May Find It Difficult To Advance Further
It is not the job of a currency pair to rise 17% in a matter of months. That’s what stocks and crypto are for. Yet, EURCAD surged from 1.2876 in August, 2022, to over 1.5110 last month, showing that...
View ArticleElliott Wave Analysis of EURUSD – May 8th, 2023
EURUSD closed the first week of May mostly unchanged after both the Fed and the ECB raised their benchmark interest rates by 25 bps. In today's Elliott Wave analysis we identify the key level traders...
View ArticleElliott Wave Analysis of USDCAD – May 8th, 2023
Neither the Fed's latest rate hike nor the crash in crude oil prices could prevent USDCAD from plunging as well last week. How does this drop fit into the big picture Elliott Wave count? Read in our...
View ArticleElliott Wave Analysis of USDJPY – May 8th, 2023
BOJ sticks to its ultra-loose monetary policy, while the Fed just raised rates for the tenth time in a row. Yet, USDJPY fell anyway last week. How does this drop fit into the Elliott Wave count and...
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CADJPY Chart Reveals Bearish Elliott Wave Setup
CADJPY is yet another example of a currency pair producing impressive long-term gains. The rate surged from a pandemic low of 73.81 in March, 2020, to as much as 110.53 in September, 2022. That 49.7%...
View ArticleElliott Wave Update of USDCAD – May 10th, 2023
USDCAD is hardly changed so far this week as forex traders brace for more inflation data to shed light on the Fed's intentions going forward. Where is the pair likely headed from here? Read in our...
View ArticleElliott Wave Update of USDJPY – May 10th, 2023
USDJPY is slightly up for the week in anticipation of today's US inflation report for the month of April. In today's Elliott Wave update we examine the pair's most likely path forward as well as the...
View ArticleElliott Wave Update of EURUSD – May 10th, 2023
In today's Elliott Wave update of EURUSD we examine the pair's entire rally from 0.9536 and identify the key level traders must pay attention to. To access this article you need to have an active...
View ArticleElliott Wave Analysis of USDCAD – May 15th, 2023
USDCAD surged sharply last week, helped by the weakness in the price of crude oil. How much further can the pair climb before the bears return? Read in our latest Elliott Wave analysis. To access this...
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