Tag: FOREX TRADING STRATEGIES

Despite data showing that the labor market remains stubbornly strong, raising the odds of more rate hikes, USDJPY lost over 200 pips last week....

USDJPY is on the verge of a fourth consecutive week in the green as the discrepancy between the policies of the Fed and BOJ...

EURUSD is down by about 30 pips since the beginning of this week after eurozone inflation fell more than expected in June. Can the...

USDCAD bears took a rest last week and are back in action in the first days of this one. Is the downtrend about to...

EURUSD bulls returned to their winning ways as the pair finished the month of June above 1.0900 helped by lower-than-expected US inflation. Can the...

USDJPY climbed a few pips above the 145.00 mark last week before closing back below it on Friday. Can the 2023 uptrend continue? Or...

The bears' winning streak came to an end last week after USDCAD found support just under 1.3120 and finished the session at 1.3250 Friday....

The bulls took a rest last week and are back in action in EURUSD now. In today's Elliott Wave update we examine the pair's...

USDJPY is up for the third week in a row and is now trading above the 144.00 mark. Can the rally continue or should...

USDCAD is up by a hundred pips from yesterday's low in a bullish reversal Elliott Wave analysis helped us predict in advance. What's next...

EURUSD dipped and closed below 1.0900 last week on Eurozone recession worries and expectations for more rate hikes by the Fed. Does this dip...

USDJPY came close to 144.00 last week and is now up nearly 10% in 2023, beating the return of almost every stock with the...

USDCAD fell for the fourth week in a row despite the Fed's hawkish comments and the sharp drop in the price of crude oil....

USDCAD is up this week after falling by nearly 500 pips over the previous three weeks. Can the bulls stage a meaningful recovery from...

EURUSD is down a bit this week, following its recent 330-pip ascent. Is the recovery over and should the bulls be worried? Read in...

The hourly chart of USDJPY is showing not one, but two important patterns, both pointing in the same direction going forward. Take a look...

The Fed tried to sound tough last week when it held rates steady, but traders didn’t buy the threats. Coupled with the stabilization in...

The Federal Reserve didn't raise rates last week, but its hawkish tone was enough to push USDJPY higher to the vicinity of 142.00. Is...

USDCAD fell again last week after the Fed abstained from raising interest rates again, while the Bank of Canada is still tightening. Elliott Wave...

The ECB raised, while the Federal Reserve held its fire last week, which allowed EURUSD to notch up a strong gain of nearly 200...

The battle of the central banks seems to have produced a clear winner and that is the Euro after the Fed held steady, while...

USDJPY is trading in the green this week ahead of the important FOMC interest rate decision due later today. Can the recovery continue? A...

EURUSD is trying to stage a recovery ahead of today's crucial FOMC decision on interest rates. Can the bulls be relied on, though? Read...

USDCAD is down for the week so far after yesterday's CPI data strengthened the case for a pause in the Fed's tightening campaign. Is...

EURUSD made small gains last week in expectation of a rate hike pause by the Fed at its next meeting on June 13-14. Can...

USDJPY fell ~60 pips in the first full week of June on expectations for a rate hike pause to be announced by the Fed...

June is shaping up as a terrible month for USDCAD bulls as the pair plunged for the second straight week heading into FOMC. In...

USDCAD is down again as forex traders expect crude oil prices to head north soon and reestablish the inverse correlation between the two. Can...

USDJPY is trading lower for the second week in a row as the Fed is widely expected to hold interest rates steady at its...

EURUSD is down again this week, despite broad expectations that the Fed would abstain from pulling the trigger at its next meeting. How much...