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Euro Dollar: Genesis of a Fake Breakout
No, the Illuminati did not cause that euro dollar fake breakout Last Monday, March 27th, the euro dollar Forex pair breached its previous high at 1.0828 and climbed as high as 1.0906. That is what...
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AUDNZD Navigating Through Elliott Waves
AUDNZD was trading close to 1.0730 on February 21st, after a strong recovery from as low as 1.0324. Despite the speed and sharpness with which the pair was rising, the Elliott Wave Principle suggested...
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Price of Bitcoin Short-Term Vulnerable
In our previous article about the cryptocurrency, titled “Bitcoin ETF Rejected by the SEC? No Problem!”, we expressed a bullish opinion, shortly after the price of bitcoin touched a low of $944. The...
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Ahead of the Plunge in USDCAD
Ten days ago, on April 4th, USDCAD was hovering around 1.3450. Yesterday, the pair fell to as low as 1.3223, before recovering to 1.3338. As traders, we are interested in the reasons behind that 230+...
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AUDNZD Bulls to Show Their True Power
Nearly a month ago, on April 6th, the AUDNZD exchange rate was trading close to 1.0820, after falling from as high as 1.1018. But instead of buying the dip right away, in an article called “AUDNZD...
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USDCAD Approaching 1.3800 Target
USDCAD climbed to 1.3757 this Tuesday after the recovery from 1.3222 continued. The pair has been making higher highs and higher lows since mid-April after the bears could not even drag the rate below...
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GBPAUD About to Change Direction
The GBPAUD exchange rate climbed to levels not seen since September, 2016. The pair is currently trading close to 1.7600, nearly 19 figures above the bottom at 1.5757 registered in October last year....
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Bearing the Fruits of USDCAD’s Selloff
Earlier this month, on May 5th, USDCAD fell just 7 pips short of the 1.3800 mark and it looked like it is only a matter of time before the pair breaches this round figure. Then, the bulls suddenly got...
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USDJPY’s Dive and the Paris Climate Accord
The U.S. dollar continues to tumble against most of its rivals. The selloff is especially obvious against the Japanese yen, with the USDJPY pair declining from as high as 114.35 to as low as 109.56 as...
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GBPUSD Before and After the UK General Election
It is a bad day for Theresa May and GBPUSD bulls The first exit polls of Britain’s General Election show that despite their win, the Tories are losing their majority in the UK parliament. This is...
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GBPAUD Plunging Like There is No Tomorrow
It has been a little over a month since GBPAUD reached 1.7650 on May 10th. The day before, May 9th, we published “GBPAUD About to Change Direction”, sharing our Elliott Wave-based opinion, that...
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USDCAD: Ahead of The Slump of the Week
USDCAD opened at 1.3467 on Monday. Three days later, the pair fell by over 300 pips to as low as 1.3165. According to the media, the reason for the selloff was Bank of Canada’s sudden change of heart...
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Elliott Wave Ahead of This Week’s USDCAD Selloff
It has been another bad week for USDCAD, which opened at 1.3259 on Monday and plunged to as low as 1.2971 today. The major reason behind the dollar’s weakness, according to mainstream media, is the...
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GBPCAD Bears Have Officially Returned
The last time we wrote about GBPCAD was almost half a year ago. On January 16th, 2017, the pair was hovering around its lowest level since July, 2013, after a decline from 2.0972 to as low as 1.5736....
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EURGBP Prone to More Weakness
EURGBP has been rising for over two months now. The pair’s journey to the north began from 0.8313 in mid-April and did not stop until 0.8879 was reached on June 28th. However, everything comes to an...
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USDCAD Two Months Ahead of Bank of Canada
Last week, the Bank of Canada raised the interest rate for the first time in seven years, thus reinforcing the downtrend in USDCAD, which has been in progress since the top at 1.3793 in May. In this...
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USDJPY False Breakout Right On Schedule
USDJPY’s rally from 108.80 came to its natural end last week, when the pair climbed to 114.50. The rate exceeded the mid-May high of 114.36 for what is usually called a “bullish breakout.”...
View ArticleGBPUSD’s Clear Pattern Makes 1.30 a Target
GBPUSD climbed to 1.3267 at the start of August, but the bulls’ dreams of reaching even higher levels were destroyed, when the pair reversed to the south for what turned out to be a selloff of over 430...
View ArticleEURUSD Only Using Draghi and Yellen as Catalysts
The Euro climbed to its highest level against the U.S. dollar since January 2015 after ECB President Mario Draghi expressed optimism about the Eurozone’s economic prospects in his speech at Jackson...
View ArticleGBPUSD Winning Strike Coming to an End?
GBPUSD bulls managed to take a breath after the pair recovered from as low as 1.2774 to almost 1.3000. Unfortunately, there is no way to know what this means without taking a look at the big picture...
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