The last move higher can be seen in 5 waves (Elliott Wave). Levels inside the Ichimoku Cloud have now found buyers. Bespoke resistance is seen at 1.3335 and 1.3345. With this close to the previous swing high of 1.3360, we expect the… Read More
Non-Commercials reduced their net short positions in the Euro last week buying 5k contracts to take the total position to -56k contracts. This latest position adjustment came just ahead of the December ECB meeting, reflecting the… Read More
USD/CAD has been slowly but steadily rising for more than a year, from September 2017 until December 2018.
The structure, however, does resemble a corrective sequence, due to the multiple present overlaps.
USD/CAD – Weekly Chart
On… Read More
Non-Commercials increased their net shorts in the Euro last week selling a further 6k contracts to take the total position to -61k contracts. The main focus this week will be whether the ECB proceeds as expected and announces an… Read More