Tag: CURRENCIES

USDJPY turned south shortly after touching an important line of resistance, which Elliott Wave analysis had helped us identify in advance. Can the slide...

EURUSD keeps sliding as the odds of another 25 bps rate hike by Fed increased following last week's PCE inflation reading. Is there a...

USDCAD bulls picked up where they left off and the pair is rising for the second week in a row. How far can it...

USDJPY surged last week as expectations for another 25 bps rate hike by the Fed increased and the BOJ keeps its ultra-loose policy. Is...

Expectations for another 25 bps Fed rate hike suddenly increased and caused a third weekly drop in EURUSD last week. How much further can...

USDCAD surged last week, helped by a drop in crude oil prices and rising expectations for another rate hike by the Fed. Can the...

EURUSD is down by more than 300 pips in less than a month as traders weigh a possible rate hike pause, recession worries and...

The US dollar keeps strengthening against the Canadian despite debt ceiling jitters and rising crude oil prices. How far is this rally going? Read...

USDJPY is up a again this week, bringing its total gain in 2023 so far to over 750 pips. Can the debt ceiling deadline...

USDJPY rose to a new 2023 high as mixed signals from the Fed made forex traders wonder if a rate hike pause is really...

USDCAD was down by over 150 pips at one point last week, but managed to recoup most of its losses and close on a...

EURUSD fell for the second week in a row, breaking through several intraday support levels. Where are the bears ultimately headed? Read in our...

Despite wide expectations for a pause in the Fed's tightening campaign, USDJPY is up this week as the BOJ sticks to its ultra-loose policy....

After Elliott Wave analysis prepared us for the current drop in EURUSD, it is now giving a hint of where are the bears ultimately...

In today's Elliott Wave update we examine how this week's initial drop in USDCAD changes its short-term outlook, if at all.

Elliott Wave Update of USDCAD – May 17th, 2023

EW Pro Forex 17 May 23

In today's Elliott Wave update we examine how this week's initial drop in USDCAD changes its short-term outlook, if...

USDJPY rose slightly last week, helped by decelerating April inflation and despite expectations for a pause in the Fed's rate hike cycle. Can the...

EURUSD plunged sharply last week after April's inflation deceleration suggested the Fed is likely to abstain from another rate hike. How much further can...

USDCAD surged sharply last week, helped by the weakness in the price of crude oil. How much further can the pair climb before the...

In today's Elliott Wave update of EURUSD we examine the pair's entire rally from 0.9536 and identify the key level traders must pay attention...

USDJPY is slightly up for the week in anticipation of today's US inflation report for the month of April. In today's Elliott Wave update...

USDCAD is hardly changed so far this week as forex traders brace for more inflation data to shed light on the Fed's intentions going...

CADJPY is yet another example of a currency pair producing impressive long-term gains. The rate surged from a pandemic low of 73.81 in March,...

BOJ sticks to its ultra-loose monetary policy, while the Fed just raised rates for the tenth time in a row. Yet, USDJPY fell anyway...

Neither the Fed's latest rate hike nor the crash in crude oil prices could prevent USDCAD from plunging as well last week. How does...

EURUSD closed the first week of May mostly unchanged after both the Fed and the ECB raised their benchmark interest rates by 25 bps....

It is not the job of a currency pair to rise 17% in a matter of months. That’s what stocks and crypto are for....

Even wide expectations for another rate hike by the Fed can't help the bulls in USDJPY this week as traders seek refuge in the...

USDCAD is up sharply this week, helped by a selloff in crude oil prices and expectations for another rate hike by the Fed later...

EURUSD is up slightly this week despite decelerating Eurozone inflation and expectations for another Fed rate hike later today. Can the bulls be relied...

USDCAD surged to almost 1.3670 last week, but the bulls couldn't maintain momentum and eventually lost most of their gains by Friday. Can the...