USDCAD: Targeting 1.34 within days

Yesterday we posted our weekly analysis of USDCAD which you can review here. We stated that 1.265 should not be breached and as expected USDCAD bottomed right above that level at 1.267. The upmove that followed is impulsive and we expect a 5th wave up targeting...

EURUSD Weekly Analysis (June 20-26)

In our previous EURUSD analysis we have stated that EURUSD needs to make a lower low now that wave (IV) seems to have topped. The price action has become quite messy to read, however the bigger picture is still in tack and we expect EURUSD to experience short lived...

USDJPY Weekly Analysis (June 20-26)

In our last update regarding USDJPY: Easy & Difficult – Update! we stated that USDJPY needed to hold above 106.7 in order for the bullish scenario to be considered. Recent price action, Fed’s decision to slow down on rate hikes, as well as Brexit...

USDJPY: Easy & Difficult – Update!

USDJPY fell sharply last week by catching our trading desk at a big surprise. We were expecting another new high and a breach below 110.40 confirmed that USDJPY was about to retrace around 50% and 62% levels. USDJPY 1H Chart – June 8, 2016 In this 1h chart, we...

USDCAD: Filled EW Requirements – What Next!

These last trading days, USDCAD has filled our Elliott Wave count of the previous analysis – HERE. USDCAD Daily Chart – June 8, 2016 In this daily chart, USDCAD is completing the small wave c of (b) towards the 162% extension (1.2680). If this is to turn...
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