There is no change to last week's analysis. '5 waves up from the January 2007 low at .6535 suggests that a large corrective decline is underway from .8187. The Fibonacci zone does not begin until .755...

Moving at its own pace, USDCAD has been ushered back to major resistance through broad dollar buying; but hesitation once again reveals the different nature of this pair as compared to the other major...

After peaking to 1.6221 on August 7th, the EURCAD has come under heavy selling pressure to break below key support level. On September 29th, the sharp drop in the pair triggered an oversold RSI signal...

Euro crashed more than 400 pips to test the bids of 1.4007 in yesterday's session and is currently trading around 1.4120 levels. Immediate resistance comes in at the 21 hourly EMA at 1.4166. A break o...

We maintain that 5 waves up from 1.5326 indicate that the longer term trend has turned up. The decline from 1.6376 has now tested the 61.8% of 1.5326-1.6376. If the larger bullish bias is correct, the...

The Euro crosses have rolled over and appear headed lower for at least the next few weeks. EURGBP: 5 waves up from the January 2007 low at .6535 and daily RSI rolling over from above 70 suggest that a...

EURGBP 5 waves up from the January 2007 low at .6535 and daily RSI rolling over from above 70 suggest that a large corrective decline is underway from .8187. The Fibonacci zone does not begin until .7...

With volatility picking up for the US dollar and carry trade, the momentum behind the euro and pound seems to be modest in comparison. With technicals being pushed and fundamentals in flux, there are ...

Yesterday the GBP/AUD broke through the 2.20 resistance, which it tried to cross the first time in the mid of August and a second time last week. If the break through impulse is strong enough, we will...

Since the middle of March, the EUR/CAD has been trading in a horizontal trend channel with a support at 1.5280 and two resistance lines at 1.62 and 1.5655. After the EUR touched the 1.62 resistance li...

Between June and the middle of August, the EUR/CAD has been trading in a horizontal trend channel with a resistance at 1.6164 and a support level at 1.5700. Last Tuesday the market touched again the s...

The AUD/USD gave some hope for bullish trends in July after a break through its strong resistance around 0.964. However, after a short excursion over this level, the market started a rally downwards a...

Since the beginning of June, the EURJPY has traded in a horizontal channel with a support at 164.64 and a resistance line at 169.77. After the market broke trough its support line, it touched its old ...

The Loonie appears to have entered into a holding pattern with 1.0730 as a top and 1.0560 as the bottom. The pair had been on a tear upwards since the middle of July and abruptly hit the 1.0730 roadbl...

As the USDCAD pattern has evolved, we are viewing the decline from 1.0726 as wave 4 within the advance from .9974 (which is larger wave C). The USDCAD should continue to slide in this 4th wave, possib...

The Euro crosses are bullish on balance. The EURGBP may break higher from a triangle in the next few weeks and the EURAUD is nearing critical 1.74 resistance. Since the April high (.8096), the EURGBP...

The GBP/CAD has shown a bullish face since the middle of May. After touching the support level at 1.99 twice, the market seemed to rise and leave the resistance. If the market doesn't recover under it...

The bullish EURCHF count is tracking well. "The 1.5326-1.6376 rally is in 5 waves, therefore expectations are for a similar 5 wave rally to succeed the corrective decline from 1.6376. Therefore, it ...

I am staying long the USDCAD in anticipation of the break above 1.0378 and expected test of 1.05 and possibly 1.08. Near term support is at 1.0174. I have thought about adding to this trade through ot...

EURGBP: Near term, a drop below .7766 is likely. This decline may complete a 4th wave within the 5 wave bull cycle from .6535. It is also possible, however, that the decline extends into a new bear. A...

Last week, EURUSD broke out of a Rising Wedge formation formed the initial test 1.60 in April. The pair declined to the 50% Fibonacci retracement of the 06/13-07/15 upswing at 1.5669 and has reversed ...

Oil prices are trading at $125 a barrel this morning yet CAD/JPY is trading near its 5 month highs. This is of course largely due to the moves in USD/JPY rather than the market's sentiment towards Can...

The Euro and the British pound have been consolidating near their highs, but they are beginning to lose strength. 5 out of 9 DailyFX Analysts are still bullish Euros while 3 analysts favor trading the...

EURCHF: The 1.5326-1.6376 rally is in 5 waves, therefore expectations are for a similar 5 wave rally to succeed the corrective decline from 1.6376. The pair has already come into and bounced from the ...

Despite the drop in oil prices, 6 out of the 9 DailyFX Analysts are looking for more strength in the Canadian dollar. The recent drop in crude has failed to have a meaningful impact on USD/CAD, which ...

EURCHF: The 1.5326-1.6376 rally is in 5 waves, therefore expectations are for a similar 5 wave rally to succeed the corrective decline from 1.6376. The pair has already come into and bounced from the ...

In EUR/CAD over the last few days, we had a very strong bearish tend. The market lost about 130 pips in 4 days. Yesterday afternoon, the market started a recovery and developed a short term bullish tr...

The Canadian dollar is like an uncertain teenager trying to figure out what matters most in life - oil, US growth or the health of their own economy. Tomorrow - Canadian employment numbers are due for...

In June, the GBP/AUD broke through the upper line of the trend channel and stopped the decreasing trend. At the moment, the currency is trading close to the green trend line in a triangle formation wi...

Either a triangle or flat is unfolding as wave 4 within the 5 wave advance from .6535. In the case of a flat, a wave B high is likely in place at .8033 and wave c is underway now and will end below .7...

EURGBP: Either a triangle or flat is unfolding as wave 4 within the 5 wave advance from .6535. In the case of a flat, a wave B high is likely in place at .8033 and wave c is underway now and will end ...

Either a triangle or flat is unfolding as wave 4 within the 5 wave advance from .6535. In the case of a flat, a new high is possible (above .8097) before the drop in wave c of 4 ends below .7766 and p...

At the beginning of May the EUR/CAD crossed the level at 1,5677 and trades afterwards in the horizontal trend channel with a support at 1,5284 and a resistance at 1,5677. The currency tried twice in a...

Expect the EURGBP to reach the former 4th wave congestion zone (.7391-.7612) over the next few weeks. Near term, the advance from .7766 is wave B in the A-B-C decline from .8097. A push above .8034 wo...