Tag: FOREX TRADING

USDJPY climbed further last week after Japan's former Vice-Finance Minister implied that 155.00 is the level to watch for a BOJ intervention.

EURUSD extended its losing streak to eleven weeks in a row after the Fed signaled it is going to keep rates higher for longer....

USDCAD surged on Friday after weak GDP data strongly indicated that the Bank of Canada is done with raising interest rates. Can the recovery...

EURUSD approached 1.1300 in mid-July on bets that the Fed would soon announce a pause and the ECB would have to keep hiking. Fast-forward...

EURUSD is down for the eleventh week in a row and has now almost reached the bearish target we identified over two months ago....

In today's Elliott Wave update of USDJPY we explain why it is now or never for the bears, and identify the key level to...

In agreement with what Elliott Wave analysis had suggested, USDCAD is up so far this week. How high can the forex pair go this...

USDJPY achieved a weekly close above the 148.00 mark for the first time in almost a year after the Fed's hawkish tone helped the...

In a move which Elliott Wave analysis helped us to predict, USDCAD plunged sharply last week before finding support just under 1.3400. Is this...

Traders have probably forgotten how does it feel when EURUSD is rising as the pair closed in negative territory for the tenth straight week....

As USDJPY traders await the BOJ's decision on Thursday, we've identified the key resistance area both bulls and bears must pay attention to. Take...

EURUSD is little changed since the start of the week as forex traders are understandably hesitant to act before hearing what Jay Powell has...

In yet another occasion when USDCAD and crude oil are moving in tandem, the forex pair is down for the second week in a...

Despite the initial dip below 146.00, the bulls in USDJPY recouped all their losses and closed the week in the green again. What's left...

The ECB raised rates for the 10th straight time last week, but it signaled that its tightening cycle is now over, dragging EURUSD down...

In a bearish reversal which Elliott Wave analysis helped us to predict, USDCAD plunged sharply last week, from over 1.3640 to under 1.3500. Is...

USDJPY remains in the gravity zone of the 147.00 mark as traders brace for rate decisions by both the Fed and BOJ later this...

EURUSD is up this week as traders prepare for the possibility that today's CPI report is going to shake things up. In today's Elliott...

After a rally spanning nearly two months, USDCAD is down sharply this week in a dip, which Elliott Wave analysis helped us to predict....

USDJPY keeps climbing despite a widely-expected pause in the Fed's tightening campaign to be announced later this month. How much further can the pair...

EURUSD closed below 1.0700 for the first time in six months, despite wide expectations for a rate hike pause by the Fed this month....

USDCAD almost touched 1.3700 last week, but lost momentum and closed a pip above 1.3640 on Friday. Are the bulls ready for another try...

EURUSD keeps sliding despite wide expectations that the Fed's tightening cycle is now over. Where are the bears ultimately headed? Read in our latest...

There is a textbook Elliott Wave pattern on the hourly chart of USDJPY, giving us a very clear idea of what to expect in...

USDCAD looked poised to reach 1.3700 yesterday, but lost momentum. Can the pair break above the resistance area of 1.3650 from the first try...

USDJPY is up 11.8% since the beginning of 2023, but is it safe to extrapolate the recent past into the future? Read in our...

USDCAD mostly recovered from last week's initial drop below 1.3500 and closed in the vicinity of 1.3600 again on Friday. Can the recovery continue...

Labor market data initially pushed EURUSD higher last week, but the bulls failed to maintain momentum and the pair closed in the red again...

Weak US labor market data sent EURUSD sharply higher this week, but are those gains sustainable or is this just a corrective rally? Read...

Following six weeks of gains, USDCAD is trading lower after fewer than expected job openings in July weakened the case for more rate hikes....