USDJPY

EURCAD Feels Pressure as Rescue Talks Linger The euro continues to slide against the Canadian dollar from its March peak as the prospect of a pan-European stimulus drags on. EU leaders have failed so far to find common ground on the size… Read More

The current USDJPY structure suggests that we have a triangle pattern. For now, it is moving higher towards wave e which is the last corrective move of the cycle degree pattern. As part of a triangle, wave e is a corrective zigzag and… Read More

The current USDJPY structure suggests that we are heading towards the end of a cycle-degree triangle consisting of waves a-b-c-d-e. The triangle is part of a supercycle-degree corrective wave (b). At the time of writing, the last… Read More

The yen returned to its safe-haven status when the stocks around the world dropped substantially. As seen on the daily chart above, prices have tested two trendline lows and currently, we are on a bounce. The recovery was initiated on… Read More

EURAUD Shoots Above 10-year High The euro has enjoyed a stellar rise against most major counterparts thanks to a combination of fundamental catalysts and technical breakout. The single currency has been sought after as the fallout from the… Read More

Two weeks ago, we got the preliminary reading of Japan's Q4 GDP which widely disappointed economist expectations. The market, however, barely budged. The precipitous drop in Japan's economic growth was baked into the cake and was easy to… Read More

USD Down Ahead of NFP The US dollar has been lower again today, extending the week’s declines as the market continues to digest the Fed’s surprise rate cut earlier in the week. The US dollar has been heavily sold over the week and is now… Read More

The latest ISM Non-Manufacturing PMI rose for the straight 3rd month. Expectations were for the current numbers to come in lower, However, they ended up beating forecasts. The markets were projecting a result of around 54.9 points, with… Read More

Dollar Down Following Fed Rate Cut The US dollar has been flat across the European morning today in the wake of the Fed’s historic, surprise rate decrease yesterday. The Fed cut rates by half a percent in a bid to help buffer the economy… Read More

The current USDJPY structure points at a wave e cycle-degree triangle pattern that hints at a standard zigzag consisting of primary waves Ⓐ-Ⓑ-Ⓒ. The bearish move from the last swing high has taken a 5-wave structure, hence, we see it as… Read More