Yen Weakens Despite Japan’s Deflation Exit

In this technical blog we’re going to take a quick look at the Elliott Wave charts of CADJPY , published in members area of the website. As our members know we are favoring the long side in YEN pairs. Recently the pair has given us 3 waves pull back that found buyers right at the […]

USDCAD reversed from powerful support level 1.3620 Likely to rise to resistance level 1.3700 USDCAD currency pair just reversed up from the powerful support level 1.3620 (which has been steadily reversing the pair from the start of May). The support level 1.2630 was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci […]

EURJPY jumped to its highest since January 1992 last week But corrected lower after suspected Japanese intervention Oscillators weaken but remain above neutral zones EURJPY has been in a steep uptrend since the beginning of the year, storming to consecutive multi-year highs. In the near term, the pair experienced a strong pullback following a suspected currency intervention […]