USDCAD ended a three-wave, A)-B)-C) correction within a bigger wave 2 at the 1.294 level, from where a new rise started developing.
U.S. stock index futures were lower in the overnight trade but are sharply higher now even though U.S. jobless claims were higher than expected.
The AUDUSD edged higher yesterday but appears to be on the verge of stalling in the rebound off its March low. Significantly, the AUDUSD is nearing the end of what is arguably an ascending wedge (on the...
AUDJPY shows incomplete sequence from April 2 low, favoring more upside. This article and video looks at the Elliott Wave path.
Bulls still have overall technical advantage but are fading this week and price uptrend now in jeopardy.
The Treasury will auction 30-year bonds.
An uptrend will start as soon, as the pair rises above resistance level 1.0900, which will be followed by moving up to resistance level 1.0957
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EURJPY continues to face recovery threats as it closed higher on Monday and followed through higher on Tuesday.
Crisis creates opportunity. Reason often gets tossed out the window when fear fills the minds of traders. Weve already seen this happen in a number of commodities including gasoline , natural gas ,...
Gold blew through tough resistance at $1,700 per ounce yesterday and came within less than $8 of our $1,750 target price in overnight price action. $1,742.50 is now the new swing high for the front month...
The Dow Jones posted its third-biggest point gain ever on Monday.
The uptrend may be expected to continue, while pair is trading above support level 1.0903, which will be followed by reaching resistance level 1.0931 and 1.0957
NZDUSD can be unfolding a five-wave move for a higher degree wave C, down from 0.679 level.
Traders may be anticipating more global economic stimulus and additional accommodation from the worlds central banks.
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The downtrend may be expected to continue in case the market drops below support level 1.0793, which will be followed by reaching support level 1.0692
Based on 4 algo trading strategies developed with the Strategy Factory approach and 3 indicator based algo strategies, the current position bias for Euro Currency is BEARISH.
Stock index futures are higher now than they were when the weaker than expected U.S. employment numbers were released.
The downtrend may be expected to continue, while pair is trading below resistance level 1.0844, which will be followed by reaching support level 1.0793 and if it keeps on moving down below that level,...