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Daily Look

Daily Look

USD longs begin looking good ahead of the Fed minutes

August 15, 2017 - by - Leave a Comment

After the excellent retail sales report, the next test for the US dollar is the release of the meeting minutes from the Federal Reserve. What can we expect? Here is …

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Daily Look

CAD at crossroads: where next?

August 15, 2017 - by - Leave a Comment

The Canadian dollar is looking for a new direction after the big correction. What’s next? Here are two opinions: Here is their view, courtesy of eFXnews: CAD: What CAD’s 2 …

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Daily Look

USD/CAD: Buy Dips Near 1.2650 Or On A Break Of

August 14, 2017 - by - Leave a Comment

Dollar/CAD is undergoing a recovery or a correction if you wish. Nevertheless, it got stuck and the pair is now trading sideways. The team at TD has a trading idea: …

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Daily Look

JPY: Why NK Risk-Driven Price-Action Is Different? Why 108s

August 14, 2017 - by - Leave a Comment

Dollar/yen enjoyed a relief from North Korean tensions and moved higher, despite an excellent GDP report from Japan. What’s next? Here is their view, courtesy of eFXnews: Bank of America …

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Daily Look

Is EUR/USD still overbought?

August 14, 2017 - by - Leave a Comment

EUR/USD had a minor correction that may have already ended. Is it still overbought? Here are two opinions: EUR: Buy Dips In EUR/USD & Play The Squeeze In EUR/JPY – …

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Daily Look

AUD/USD leaning lower – break or bounce?

August 11, 2017 - by - Leave a Comment

Aussie/USD is trading around 0.7850, keep a wider distance from the round 0.80 level. Has it concluded its correction and ready to resume the uptrend? Or is it on the …

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Daily Look

AUD: Confidence Check For Bulls; CAD: Rally Coming To An

August 10, 2017 - by - Leave a Comment

The Australian dollar is losing ground on the “risk off” sentiment. The Canadian dollar is clearly having its weakness exposed. What’s next to commodity currencies? Here is their view, courtesy …

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Daily Look

Gold and S&P going in opposite directions – Elliott Wave

August 9, 2017 - by - Leave a Comment

Good morning traders! Today we are going to take a look at intra-day charts such as S&P500 and GOLD.  Let’s begin with stocks: US stocks turned sharply lower yesterday from …

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Daily Look

USD/CAD: BoC To Be Cautious In Letting CAD Appreciate

August 9, 2017 - by - Leave a Comment

The Canadian dollar has turned around after the huge gains, reacting negatively to bad news and ignoring good news. What’s next? Here is their view, courtesy of eFXnews: CIBC FX …

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Daily Look

GBPUSD Daily and 4H Look – Elliott Wave Analysis

August 8, 2017 - by - Leave a Comment

Below we have a daily count of GBPUSD. On it we have labeled a bigger three wave movement, that is considered an A-B-C correction. This correction is a simple zig-zag, …

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