Elliott Wave Update of USDCAD – December 6th, 2023
USDCAD is attempting to stage a comeback after three weekly trading sessions in the red. In today's Elliott Wave update we identify the key level the bulls need to break in order to succeed.
The latest Elliott Wave analyses of the FOREX markets. Millions of traders are trading the euro, dollar, yen, pound and other currencies every day now. Elliott Wave can help you make sense of all the ups and downs and gives you better perspective in you trading. Below you can find our view on markets like EURUSD, USDCAD, USDJPY and more forex pairs.
USDCAD is attempting to stage a comeback after three weekly trading sessions in the red. In today's Elliott Wave update we identify the key level the bulls need to break in order to succeed.
USDCAD is back to the upside. After bottoming at 1.2654, the pair is once again looking bullish just a day after it climbed to...
USDCAD is back to the upside. After bottoming at 1.2654, the pair is once again looking bullish just a...
It was June 2nd, when USDCAD climbed to 1.3142 and it looked like it was only a matter of time for the pair to...
It was June 2nd, when USDCAD climbed to 1.3142 and it looked like it was only a matter of...
The Non-Farm Payrolls report for the month of May was a total disaster. Only 38K jobs added versus 164K expected. If you ask the majority,...
The Non-Farm Payrolls report for the month of May was a total disaster. Only 38K jobs added versus 164K...
It has been a rough week for the GBPUSD. Just as it seemed the pair was going to approach the previous multi-month high at...
It has been a rough week for the GBPUSD. Just as it seemed the pair was going to approach...
EURUSD climbed as high as 1.1616 in the beginning of the month, but the bulls could not keep up the positive momentum, allowing the...
EURUSD climbed as high as 1.1616 in the beginning of the month, but the bulls could not keep up...
GBPJPY has been moving sideways between 151.65 and 164.10 for more than three months now, which has probably made trading this pair extremely difficult. Just...
GBPJPY has been moving sideways between 151.65 and 164.10 for more than three months now, which has probably made trading...
USDJPY fell to as low as 105.54 on May 3rd and just when the picture was beginning to look more and more negative, the...
USDJPY fell to as low as 105.54 on May 3rd and just when the picture was beginning to look...
USDCHF climbed to 1.0328 in late-November, 2015, but lost almost 9 figures by the beginning of May, 2016. Nevertheless, the pair managed to find...
USDCHF climbed to 1.0328 in late-November, 2015, but lost almost 9 figures by the beginning of May, 2016. Nevertheless,...
GBPUSD climbed to 1.4770 at the start of last week, but quickly lost momentum, allowing the bears to take the wheel and sink the...
GBPUSD climbed to 1.4770 at the start of last week, but quickly lost momentum, allowing the bears to take...
EURCAD was flying above 1.6100 in January this year. A little over 4 months later – in the end of April – the pair...
EURCAD was flying above 1.6100 in January this year. A little over 4 months later – in the end...
AUDUSD was flying above 0.7830 just two weeks ago. On April 21st the pair rose to 0.7834 and everything was looking as if sky...
AUDUSD was flying above 0.7830 just two weeks ago. On April 21st the pair rose to 0.7834 and everything...
NZDUSD exceeded the 0.7000 mark last week. The pair has been recovering for the last four months, which led it to 0.7053. It has...
NZDUSD exceeded the 0.7000 mark last week. The pair has been recovering for the last four months, which led...
USDJPY started this week in the same tone as it finished the previous one. Last Friday, April 15th, the pair touched 109.73 only to close...
USDJPY started this week in the same tone as it finished the previous one. Last Friday, April 15th, the...
The EURUSD currency pair climb as high as 1.1464 on Tuesday, April 12th, but the bulls quickly ran out of fuel, which led to...
The EURUSD currency pair climb as high as 1.1464 on Tuesday, April 12th, but the bulls quickly ran out...
EURUSD initially fell to 1.1326 last week, but then managed to return stronger and climb to 1.1453. There has been plenty of news during...
EURUSD initially fell to 1.1326 last week, but then managed to return stronger and climb to 1.1453. There has...
GBPUSD is taking a hit this week, falling from 1.4220 at the start to as low as 1.4005 on Wednesday. This performance is in...
GBPUSD is taking a hit this week, falling from 1.4220 at the start to as low as 1.4005 on...
It was March 23rd, when “EURAUD Could Be Aiming At 1.51” was published. The purpose of that article was to determine which one of...
It was March 23rd, when “EURAUD Could Be Aiming At 1.51” was published. The purpose of that article was...
USDJPY is currently struggling to hold above 112.00, following a rally from 110.67 to 113.80. Last week’s recovery of more than 300 pips came out...
USDJPY is currently struggling to hold above 112.00, following a rally from 110.67 to 113.80. Last week’s recovery of more...
It has been nearly two and a half months since we published “NZDUSD Getting Ready to Launch?”. On January 18th, 2016, the New Zealand...
It has been nearly two and a half months since we published “NZDUSD Getting Ready to Launch?”. On January...
What a surprising week this is for GBPUSD. Less than five trading days ago, on March 18th, the pair was flying above 1.4510 and...
What a surprising week this is for GBPUSD. Less than five trading days ago, on March 18th, the pair...
USDJPY just fell below the 111.00 mark. To be more precise, the pair slumped to 110.66. And while the majority would inevitably blame the...
USDJPY just fell below the 111.00 mark. To be more precise, the pair slumped to 110.66. And while the...
GBPJPY bottomed at 154.70 on February 24th and managed to recover to 164.10, when the bears returned. The pair is currently trading slightly above...
GBPJPY bottomed at 154.70 on February 24th and managed to recover to 164.10, when the bears returned. The pair...
It has been an interesting week in the FOREX market. The most violent price movements were in the Euro pairs, following ECB’s policy statement,...
It has been an interesting week in the FOREX market. The most violent price movements were in the Euro...
ECB’s policy decision produced fireworks in EURGBP on Thursday. The pair initially fell to 0.7651, but then rose sharply to 0.7848. Trouble is, this...
ECB’s policy decision produced fireworks in EURGBP on Thursday. The pair initially fell to 0.7651, but then rose sharply...
EURAUD has been steadily declining since February 11th, when the pair climbed as high as 1.6250, before eventually reversing to the south. Currently near...
EURAUD has been steadily declining since February 11th, when the pair climbed as high as 1.6250, before eventually reversing...
EURCAD was trading at 1.5785 on February 11th, when we published “EURCAD at the Edge of the Abyss?”. We were expecting a sell-off, which...
EURCAD was trading at 1.5785 on February 11th, when we published “EURCAD at the Edge of the Abyss?”. We...
AUDJPY, currently trading around 81.25, has been rising since February 11th, when the pair touched 77.58. What should we be thinking about this recovery...
AUDJPY, currently trading around 81.25, has been rising since February 11th, when the pair touched 77.58. What should we...
In our previous analysis of EURCAD, we suggested the pair has to complete a three-wave corrective recovery, before the time for another large leg...
In our previous analysis of EURCAD, we suggested the pair has to complete a three-wave corrective recovery, before the...
Back in 2015, on December 19th, the majority of market analysts expected EURUSD’s post-ECB gains to be completely erased very soon, especially with the...
Back in 2015, on December 19th, the majority of market analysts expected EURUSD’s post-ECB gains to be completely erased...
Just as many other crosses, GBPJPY tends to make large movements in short periods of time. This week was no exception. The pair rose...
Just as many other crosses, GBPJPY tends to make large movements in short periods of time. This week was...
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