Tag: FOREX TRADING STRATEGIES

USDCAD pierced the 1.3500 mark earlier this week, but instead of accelerating to the upside, it tumbled by almost 100 pips. Is this a...

EURUSD is down a bit this week, but still trading above both a key support line and the invalidation level Elliott Wave analysis helped...

EURUSD fell close to 1.0900 last week but the bulls managed to fight back and close the session above 1.1000 on Friday. Is the...

The inverse correlation between USDCAD and the price of crude oil seems broken as the two have been rising in tandem for weeks now....

USDJPY tried but failed to climb above 144.00 last week after the Bank of Japan showed that it was capable of change after all....

EURUSD is down for the week despite Fitch's downgrade of the US credit rating. In today's Elliott Wave update we examine two possible alternatives...

USDCAD seems to defy logic, climbing alongside crude oil even as Fitch just downgraded the credit rating of the United States. Can the rally...

Fitch surprisingly downgraded the credit rating of the United States, dragging the US dollar down against its rivals. Can the plunge continue in USDJPY?...

USDCAD closed marginally higher for the second week in a row despite the accompanying rise in crude oil prices and less hawkish Fed. Can...

It was a volatile week for USDJPY after the BOJ tweaked its policy to allow 10-year yields to rise up to 1%. How does...

Last week, EURUSD dipped to the support area, which Elliott Wave analysis had helped us identify the week before. Where is the pair likely...

EURUSD, the most traded forex pair, will certainly be an important battlefield between bulls and bears after today's Fed rate decision. Who's more likely...

USDJPY is down this week as traders look forward to today's interest rate decision. Is the pair going to keep sliding post-Fed? Read in...

USDCAD is down by about 50 pips this week as traders brace for the Fed's interest rate decision and Jay Powell's comments later today....

USDJPY surged sharply last week on expectations that the Bank of Japan will abstain from any changes to its ultra-loose policy next week. In...

The bulls' winning streak came to an abrupt end last week after EURUSD closed 150 pips below Tuesday's intraday high. Is there a support...

USDCAD notched up a gain last week ahead of the Fed's interest rate decision on July 26th and the PCE index release two days...

EURUSD's hardly changed since the beginning of the week as traders brace for another Fed rate hike and the PCE index release next week....

USDCAD is down a bit this week, pressured by rising oil prices, even as the Fed is expected to raise interest rates again next...

USDJPY is up this week as the Federal Reserve is widely expected to add another 25 basis points to US interest rates on July...

It’s been over six months since we last wrote about GBPUSD. At the start of 2023, the Pound was hovering around 1.2100, up nearly...

USDCAD dipped below 1.3100 last week before the bulls managed to regroup and lift the pair to a Friday close at 1.3217. In today's...

EURUSD surged sharply and closed above 1.1220 last week following a lower-than-expected June inflation reading in the US. Is it too late to join...

USDJPY plunged last week as the Consumer Price Index showed that inflation decelerated more than expected in June. How much further can the pair...

It’s been another week USDCAD bulls would like to forget. Currently below 1.3130, the pair is down by over 150 pips since the market...

The bulls are making gains in EURUSD for the third straight week. Can the rally continue heading into today's crucial June inflation data? What...

USDJPY is down sharply over the past two weeks in a major bearish reversal which Elliott Wave analysis helped us predict. Is the downtrend...

Their two-week break is over and the bears are back in USDCAD. In today's Elliott Wave update we examine their chances and identify a...

Despite the strong US labor market and the increasing odds of more rate hikes ahead, EURUSD added nearly 60 pips in the first week...

USDCAD is up two weeks in a row, but if we look more closely at the Elliott Wave structure, the bulls may have less...