The pair closed higher on Friday following its turn off lower prices.
Cable firstly moved up into our projected zone to 1.2950-1.3000 and now it's already turning lower which can be a first evidence of a lower prices ahead, into a three wave fall.
Better than expected corporate earnings reports supported futures in the overnight trade.
It may seem a contradiction to say that you don’t want to pay attention to the profit of a trade. In fact, many of you might be saying that this guy must be smo
AUDNZD is at a new high, now in wave 5) which is underway to one of short-term Fib. levels that can also turn out to be a resistance for a top in place.
USDCAD shows an incomplete sequence from 4/13 low favoring higher. Near term,while pullbacks stay above 1.3406, expect pair to extend higher
The meeting of the Bank of Japan was held today. The regulator has kept its monetary policy at the same level, as it was expected.
Stock index futures held their gains after the Trump administration outlined its tax plan yesterday.
he commodity continues to hold on to its downside pressure on correction.
With the pair continuing to weaken further on Wednesday, more decline is likely in the days ahead.
On the 4h chart of USDJPY, we can see a strong recovery taking place, from around the 108.12 level where a bigger three wave A)-B)-C) pattern was completed.
USDCAD shows 5 swing sequence from 4/13 low favoring higher. Near term, pair is correcting cycle from 4/24 low as a FLAT before turning higher
On the intraday chart of NZDUSD we can see a sharp decline taking place, with price now specifically trading in final stages of wave three.
Recent gains can partially be attributed to expectations that President Trump will call for slashing the corporate income tax rate to 15% and applying a 10% tax rate to the repatriation of earnings held...
The pair turned lower on Tuesday and followed through lower on Wednesday.
Stocks are in strong uptrend which may see more upside as current structure shows just small correction within ongoing trend.
AUDNZD is moving nicely to the upside this week which is seen as wave 3) from April 21st, so we can expect more upside after a fouth wave pullback that can be around the corner.
USDCAD shows 5 swing sequence from 4/13 low favoring higher. Near term, pair is correcting cycle from 4/24 low in 3, 7, or 11 swing before turning higher
Stock Index futures are higher due to on balance stronger than expected corporate earnings reports.
The pair now faces bullish risk following its gap higher on Monday.