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NZDJPY Trade 12 April 2018 Live Trading Room
Read MoreWe issued a sell order in $NZDJPY on April 12, 2018 at market price 79.05 due to the 5 swing bearish sequence from 7.27.2017 high, which favors more downside towards 71.83 – 73.67 area. The 5 swing sequence is part of the 7 swing double three Elliott Wave structure, or also called WXY. Below is […]
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Delay in Nafta Deal Doesn’t Hurt Canadian Dollar
Read MoreWe wrote in our previous article that Canadian dollar may get a bid if NAFTA (North America Free Trade Agreement) is successfully renegotiated. The three countries under NAFTA (U.S., Canada, and Mexico) are all under pressure to reach a deal soon. The reason is because of Mexico’s presidential election in July as well as US […]
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How Bullish is US Dollar?
Read MoreHow Bullish is the US Dollar? The strength in US Dollar (DXY) in the past two months prompts the question: Has US Dollar resumed the bullish trend? In this video and analysis below, we explain and rank the most likely path in the DXY. We use the $USDPLN (Poland Zloty) to explain the most likable […]
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How US Decision on Iran Deal May Affect Crude Oil Price
Read MoreOn Tuesday at 2 PM Eastern Time, U.S President Donald Trump is expected to announce decision whether he will withdraw from the 2015 Iran nuclear deal. Trump has long been known to criticize the 2015 accord, known as JCPOA (Joint Comprehensive Plan of Action). The deal was originally signed by Iran, the Obama Administration., Russia, […]
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AT&T Looking to Extend Lower
Read MoreAT&T ($T) shows a bearish sequence from 7/5/2016 high in the form of a zigzag Elliott Wave Structure in which wave “a” ended at $32.55 on 11/8/2017 low and wave “b” ended at $39.33 on 12/25/2017 high. The stock has made a new low below wave “a” at $32.55 therefore confirming the next leg lower […]
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Successful NAFTA Renegotiation May Support Loonie
Read MoreBank of Canada on Holding Cycle due to NAFTA’s Downside Risk Bank of Canada has signaled it’s not in a rush to pursue aggressive interest rate hikes. The Bank cited one of the reasons as NAFTA’s downside risk. With the U.S. threatening to withdraw from NAFTA, it could push up cost, prices, and hurt economic […]