Elliott Wave Analysis of USDCAD – May 13th, 2024
USDCAD initially rose last week, but the bulls lost the initiative and the pair closed the session 12 pips in the red on Friday....
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 initially rose last week, but the bulls lost the initiative and the pair closed the session 12 pips in the red on Friday....
USDCAD initially rose last week, but the bulls lost the initiative and the pair closed the session 12 pips...
EURUSD is trading in the red after three consecutive weeks of gains. Is this a dip to buy or has the downtrend resumed? Read...
EURUSD is trading in the red after three consecutive weeks of gains. Is this a dip to buy or...
USDCAD is rising this week in a recovery, which Elliott Wave analysis helped us to predict over the weekend. Is it too late to...
USDCAD is rising this week in a recovery, which Elliott Wave analysis helped us to predict over the weekend....
Forex traders are once again daring the Bank of Japan to intervene as USDJPY is up by nearly 350 pips from last week's bottom....
Forex traders are once again daring the Bank of Japan to intervene as USDJPY is up by nearly 350...
The Bank of Japan finally showed determination about stopping USDJPY from climbing further by intervening twice in the forex market last week. Can the...
The Bank of Japan finally showed determination about stopping USDJPY from climbing further by intervening twice in the forex...
USDCAD traded in a wide range of 175 pips last week, but neither the bulls nor the bears achieved much in the end as...
USDCAD traded in a wide range of 175 pips last week, but neither the bulls nor the bears achieved...
EURUSD rose last week after Fed rate cut expectations were pulled forward again following a dovish Jay Powell and a soft jobs report. In...
EURUSD rose last week after Fed rate cut expectations were pulled forward again following a dovish Jay Powell and...
EURUSD has now erased almost all of last week's gains as traders brace for the FOMC decision on interest rates later today. In today's...
EURUSD has now erased almost all of last week's gains as traders brace for the FOMC decision on interest...
USDCAD is up sharply this week as traders brace for a hawkish Fed later today amid sluggish GDP growth in Canada. In today's Elliott...
USDCAD is up sharply this week as traders brace for a hawkish Fed later today amid sluggish GDP growth...
The suspected intervention by the BOJ hasn't achieved much so far as USDJPY is almost back at the level it was trading prior to...
The suspected intervention by the BOJ hasn't achieved much so far as USDJPY is almost back at the level...
The BOJ's indecisiveness pushed USDJPY to a new 34-year high last week as the bulls no longer seem to fear the central bank. In...
The BOJ's indecisiveness pushed USDJPY to a new 34-year high last week as the bulls no longer seem to...
EURUSD closed higher for the second week in a row ahead of FOMC's May 1st interest decision. In today's Elliott Wave analysis we identify...
EURUSD closed higher for the second week in a row ahead of FOMC's May 1st interest decision. In today's...
USDCAD dipped last week even as stubbornly high inflation is expected to delay any rate cuts by the Fed at least to September. How...
USDCAD dipped last week even as stubbornly high inflation is expected to delay any rate cuts by the Fed...
EURUSD is up for the second straight week, but Friday's PCE index could easily throw it into chaos once again. Not to mention the...
EURUSD is up for the second straight week, but Friday's PCE index could easily throw it into chaos once...
USDJPY is on the verge of reaching another major milestone in the face of the 155.00 mark, as the bulls dare the BOJ to...
USDJPY is on the verge of reaching another major milestone in the face of the 155.00 mark, as the...
The 1.3850 resistance proved to be too strong for USDCAD bulls to breach again as the pair is down for the second week in...
The 1.3850 resistance proved to be too strong for USDCAD bulls to breach again as the pair is down...
EURUSD is about to get volatile again as traders brace for US GDP data on Thursday and the all-important core PCE index on Friday....
EURUSD is about to get volatile again as traders brace for US GDP data on Thursday and the all-important...
USDJPY came close to the 155.00 mark last week as the Fed's long-awaited rate cuts have been pushed further into the future once again....
USDJPY came close to the 155.00 mark last week as the Fed's long-awaited rate cuts have been pushed further...
Despite postponed Fed rate cuts, USDCAD closed in negative territory last week after the pair bumped into the mighty resistance level near 1.3850. Should...
Despite postponed Fed rate cuts, USDCAD closed in negative territory last week after the pair bumped into the mighty...
EURUSD remains under pressure as the ECB is expected to cut rates in June, while the Fed might not even begin to ease this...
EURUSD remains under pressure as the ECB is expected to cut rates in June, while the Fed might not...
USDCAD is up for the third straight week and is already trading within the strong resistance area between 1.3800 and 1.3900. Can the bulls...
USDCAD is up for the third straight week and is already trading within the strong resistance area between 1.3800...
The BOJ might have ended its ultra-loose policy, but stubborn US inflation and reduced Fed rate cut hopes are not helping USDJPY bears. Can...
The BOJ might have ended its ultra-loose policy, but stubborn US inflation and reduced Fed rate cut hopes are...
EURUSD plunged last week as the ECB is almost certain to cut rates in June, while high US inflation is likely to prevent the...
EURUSD plunged last week as the ECB is almost certain to cut rates in June, while high US inflation...
USDJPY surged to a new multi-decade high above 153.00 last week on the back of higher-than-expected US inflation in March. Is it time for...
USDJPY surged to a new multi-decade high above 153.00 last week on the back of higher-than-expected US inflation in...
USDCAD soared last week after higher-than-expected March inflation crushed traders' hopes for three rate cuts by the Fed this year. Is it too late...
USDCAD soared last week after higher-than-expected March inflation crushed traders' hopes for three rate cuts by the Fed this...
EURUSD is crashing after March inflation came in hotter than expected, raising the odds of higher-for-longer rates and strengthening the US dollar.
EURUSD is crashing after March inflation came in hotter than expected, raising the odds of higher-for-longer rates and strengthening...
USDCAD is down this week as traders await today's CPI hoping that it will give a hint of when is the Fed going to...
USDCAD is down this week as traders await today's CPI hoping that it will give a hint of when...
USDJPY is calmly hovering below 152.00 ahead of today's US inflation report. Can the pair finally breach this mighty resistance level? Read in our...
USDJPY is calmly hovering below 152.00 ahead of today's US inflation report. Can the pair finally breach this mighty...
EURUSD surged sharply last week even as the ECB might start lowering interest rates before the Fed does. Elliott Wave analysis helps us to...
EURUSD surged sharply last week even as the ECB might start lowering interest rates before the Fed does. Elliott...
USDJPY again failed to exceed 152.00 last week, but the bulls believe that a breakout is only a matter of time. Is it, though?...
USDJPY again failed to exceed 152.00 last week, but the bulls believe that a breakout is only a matter...
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