Category: Info

USD/JPY rally may be just the beginning- Forecast April 16-20

Dollar/yen rallied and reached the highest levels since February as everything went in favor of the pair. What’s next? The airstrikes in Syria may actually have a positive effect and then things depend on the Fed speakers, US retail sales and the mood of President Trump. USD/JPY fundamental movers Trade is improving and other reasons The biggest driver […]

CAD/JPY: How Syria could push the cross higher

After the airstrikes on Syria early on Saturday, the situation seems contained.  There are growing chances of a relief rally, positive for the USD/JPY. For the USD/CAD, the event is a double-edged sword, but the Canadian Dollar could come out on top. Early on Saturday morning, US President Donald Trump announced a coordinated missile and airstrike […]

Canadian Dollar: Syria is a double-edged sword

The US, the UK, and France launched airstrikes against Syria, attempting to destroy chemical weapons that the Assad regime previously used against its citizens. Russian President Putin and Iran have condemned the attack and warned of the consequences. Trump called it a “sustained response” while UK Theresa May said it was limited. Tensions around Syria […]

EURCAD, GBPCAD and GBPUSD Elliott Wave Opportunities

EURCAD is trading slowly lower and something similar we can see on GBPCAD. Currently, we are tracking a correction in wave 4, which is trading within two corrective channel lines and approaching some interesting support levels. We are watching these two pairs very carefully and if we get a sharp bounce with five waves, then […]

Forex Weekly Outlook Apr. 16-20 – Syrian strikes loom

The US dollar had a wobbly week amid geopolitical tensions and OK US data. What’s next? The upcoming week consists of US retail sales and housing data, and also a rate decision in Canada, Australian jobs, and more. Here are the highlights for the upcoming week. Syrian airstrikes: After markets closed, the US, the UK, […]