USDCAD Bears Land a Heavy, but Predictable Punch
1.2900 has been a tough nut to crack for USDCAD bulls. First, they failed to breach it in late-October 2017. Then they tried again a month later, but the attempt was once again unsuccessful. The third...
View ArticleEURCHF Vulnerable to Bearish Attacks
EURCHF fell to 1.1447 on February 8th, but has been steadily recovering ever since. By March 28th, the pair was already testing the resistance near 1.1800, but could not breach it from the first try...
View ArticleUSDCAD Selloff: Non-Farm Payrolls Just an Excuse
The last time we wrote about USDCAD, it was hovering around 1.29, after a decline from 1.3125. In a video, published on March 28th, we demonstrated how Elliott Wave traders got ahead of the bearish...
View ArticleTrade War Fears Shrugged Off by USDJPY
Less than a month ago, USDJPY was trading below 105.00 after plunging to 104.64. The media hurried to explain the dollar’s weakness against the Japanese yen with the looming trade war between the...
View ArticleAUDUSD: A Bearish Omen Half a Century in the Making
AUDUSD climbed to 1.1079 in July 2011 and has been steadily declining ever since. In mid-January 2016, the pair fell to as low as 0.6826 and as of this writing it is still in the doldrums, hovering...
View ArticleEURUSD: The Evolution of an Elliott Wave Count
Less than three months ago, on February 16th, the EURUSD pair climbed to a three-year high of 1.2556. Given the fact that Euro bulls have been in control during the entire 2017, it made sense to expect...
View ArticleEURCAD Bulls Setting Up a 400-Pip Recovery?
The European currency has had a tough time recently, losing ground against major rivals like the U.S. dollar and the Japanese yen. Here we are going to examine the Euro’s drop against the Canadian...
View ArticleUSDZAR Facing Elliott Wave Resistance Near 13.00
USDZAR, the ticker symbol of the U.S. Dollar – South African Rand Forex pair, is not among the ones we regularly cover. However, we are constantly looking for article material, so when a client asked...
View ArticleGBPAUD On a Slippery Slope Towards 1.53
If you take a look at how GBPAUD has been doing between October 2016 and March 2018 you might think Brexit never happened. The British pound rallied from as low as 1.5322 to 1.8509 against the...
View ArticleUSDMXN Precisely Followed Its Elliott Wave Path
It has been almost four months since we last wrote about USDMXN. On January 30th, the pair was hovering around 18.70, following a sharp selloff from 19.90 to 18.30. The good news was that instead of...
View ArticleCrude Oil and USDJPY Ruled by One Pattern
Everything was going so well for USDJPY and crude oil bulls until last week, when both the exchange rate and the WTI crude price made sharp bearish reversals. Oil fell from as high as $72.88 to $67.40...
View ArticleAUDNZD Bulls Have a Decision to Make
It has been almost two years since we examined the weekly chart of AUDNZD and concluded that the pair was likely to “Throw a Surprise Bulls Party”. And indeed, the Australian dollar managed to climb to...
View ArticleUSDCAD Walks the Path to Month-Old Target
USDCAD bulls proved how stubborn they could be by lifting the pair to a one-year high, despite the numerous bearish interventions along the way. During the last month, USDCAD has been slowly...
View ArticleAUDNZD Bears Bumping into Fibonacci Support
Earlier this month we published an article about AUDNZD, sharing two slightly different, but both bullish counts, which are supposed to eventually lift the pair to 1.1500 or higher. It is too early to...
View ArticleAUDCAD Paving the Elliott Wave Road to Parity
Yesterday, we wrote about a pattern spotted on the chart of the Australian dollar against the New Zealand counterpart. Today, the Aussie is once again in focus, but this time against another one of its...
View ArticleAUDCAD Bulls Not Giving Up on Their Parity Dreams
Nine days ago, while AUDCAD was trading at 0.9820 on June 20th, we found a textbook 5-3 Elliott Wave pattern on its hourly chart, which suggested the bulls were going to lift the pair to parity in the...
View ArticleUSDCAD Lost Over 300 Pips in Two Weeks. Here is Why
USDCAD climbed to 1.3386 on June 27th, which was its highest level in over a year. But instead of moving on to 1.3400 and above, the bulls stepped aside and allowed the bears to drag the pair to as low...
View ArticleGBPJPY Looking Into the Hard Brexit Abyss?
Our last update of GBPJPY came out on December 5th, 2017. It was focused on the long-term perspective and based on the daily chart of the pair, which did not look very encouraging for the bulls at the...
View ArticleNew Forex Regulations in the European Union!
Forex regulations are about to change on the 1st of August for all traders in the EU. What’s happening? The European Securities and Markets Authority will force brokers to lower the leverage they offer...
View ArticleUSDMXN Set to Recover, but Remains Vulnerable
It has been a painful month and a half for USDMXN bulls. The pair was almost touching the 21.00 mark on June 15th, when the bears returned with a vengeance to drag it to as low as 18.58 for an 11.3%...
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