NZD/USD surges to as high as 0.6452 so far today and it’s still in upside acceleration mode. This week’s break of 0.6351 resistance completes a head and shoulder bottom pattern (ls: 0.6195, h: 0.6059, rs: 0.6211). The strong break of 55 day EMA, and bullish convergence condition in daily MACD are both bullish signs too. […]
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USD/JPY rose to 159.29 on Friday, marking one of the weakest levels for the Japanese yen since July 2024. The yen’s decline is heightening market concerns about possible intervention by authorities in the foreign exchange Read more…
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The short-term Elliott Wave outlook for USDJPY indicates that the cycle from the January 28, 2026 low remains in progress, unfolding as an impulsive structure. From that low, wave (1) concluded at 157.72, followed by Read more…