GBP/USD Still In Bear Territory Despite Inflation SurpriseThe bearish structure in the pound is still intactThe Pound rallied 110 pips against the US Dollar after after good CPI /Inflation numbersShort term bullish reaction is news driven by momoWe remain bearish until our bull…Read More
Can Oil Boost Canadian Dollar?The previous surge of crude oil provided an uptrend in theCanadian dollar, however, it seemed it was not the only factor that affects the loonie. Market participants have been considering the current run of the Cana…Read More
Elliott Wave Analysis: USD/JPY Reaching For Final Wave 5On the daily chart of USD/JPY we are observing a nice decline of a higher degree taking place, with price now trading in final wave 5. Because of a nice drop from 107 area, we believe blue wave 4 is completed and mo…Read More
USD/CAD – Canadian Dollar Under Pressure As U.S. Inflation DipsThe Canadian dollar has posted more gains on Tuesday, but is under pressure in the North American session. USD/CAD is currently trading at 1.2840.On the release front, it’s a busy day. Canadian Manufacturing Sales g…Read More
USD: Creating Head-And-Shoulders Topping Pattern?Below looks at two long-term USD charts. Could King Dollar be creating a topping pattern?We shared in March of last year the chart below, which shows that when the US dollar has been very strong (up 12% or more in 1…Read More
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