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EURUSD , GBPUSD , USDJPY and XAUUSD TA – May 23 2016

EURUSD Daily Analysis   EURUSD (1.120): EURUSD has reached its bearish flat target last Thursday and has since then moved into trading in range. Price action sits in the support zone of 1.1217 – 1.1143, and we suspect that the downside risks are limited from here. A pullback towards 1.140 – 1.138 is likely to The...

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EURUSD , GBPUSD , USDJPY and XAUUSD TA – May 17 2016

EURUSD Daily Analysis   EURUSD (1.13): EURUSD was little changed in yesterday’s trading with the single currency finding support above 1.30. On the 4-hour chart, price action remains rather flat with in the process of forming a bullish divergence, which could see a possible move to 1.138 – 1.140 initially. ...

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Oil inventories watched after USD pauses to rest

Profits were taken on the US dollar, especially against the yen and vis-a-vis commodity currencies. The strength of commodity currencies will be tested with crude oil inventories, which have an effect beyond the Canadian dollar. Also the pound will have its share of...

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EURUSD , GBPUSD , USDJPY and XAUUSD TA – May 9 2016

EURUSD Daily Analysis   EURUSD (1.13): EURUSD closed Friday with a doji pattern with the highs briefly testing 1.1470. A daily close below the doji’s low at 1.1386 could signal further declines in prices. On the 4-hour chart, rice action is sitting right near ...

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Elliott Wave Analysis on USDJPY and AUDUSD

USDJPY As expected USDJPY hits 110.67 level which was our minimum upward objective last week, based on the projection for a third wave up that we marked it as wave C or wave 3. For now it can still be a little early to confirm if the rally up is corrective ...

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Strong CAD Could Lead BoC To Talk Down Currency – CIBC

The Canadian dollar has shown a lot of strength thanks to positive domestic figures, a weak USD and improving oil prices. But this could backfire: Here is their view, courtesy of eFXnews: The most recent monetary policy statement from the BoC included...

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Elliott Wave Analysis on EURUSD and USDCAD

EURUSD EURUSD has turned up in mid-March making the bullish price structure much more complicated. We are looking at the big blue wave C-circled, that can be finished now if we consider sub-waves on the 4h chart where we ...

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