Jignesh Davda

Jignesh is an analyst and trader, specializing in currencies and commodities. He utilizes a macro view as well as a proprietary method of pattern recognition that is based on the principles of Elliott wave. His focus is to assess strength in trends, and perceiving high potential turning points in the markets. He brings over 4 years of experience in his current role.

Commitment Of Traders: Speculators Show A Shift In Dollar Sentiment

There were some notable positioning shifts in the latest COT positioning report that was released on Friday and reflects data up to Tuesday. ...
Euro Dollar EUR/USD

EUR/USD Weekly Forecast August 21-25

EUR/USD closed the past week with a loss to end a prior five-week winning streak. There have been several technical signals that point...
oil rig

Crude Oil Prices Weekly Forecast August 21-25

WTI crude oil prices (USOIL) were under pressure for most of the week but a single day rally on Friday wiped most of the...

USD/CAD Tumbles Following Canadian Inflation Data and as Oil Prices Rise Sharply

USD/CAD turned lower in Asian trading and extended losses after Canadian data to drop to a fresh low for the week. A momentum-driven...

USD/JPY Rebounds After Touching a Four-Month Low

A combination of factors has been weighing on USD/JPY in the second half of the week that has led to a decline to erase...
Euro Dollar EUR/USD

EUR/USD Confined To A Range Below Resistance

After bouncing from support at 1.1714, EUR/USD posted small gains in early Asian trading but has fallen into a range with sellers holding the...
Australian Dollar AUD

AUD/USD Retreats Following a Rejection At Key Resistance

AUD/USD is seen correcting lower following a surge in the exchange rate on Wednesday. The pair reversed at the European open and has...

USD/CAD Recovers Some Losses Following Wednesday’s Tumble

After a sharp drop in the USD/CAD exchange rate yesterday a recovery higher is seen today. The pair last traded at 1.2654 for...

EUR/USD Recovers To Wipe Early Day Losses Following Failed Break of Support

A third attempt to drop below last week's low did not translate in a sustained break and has led to a reversal to wipe...
Japan Currency US Dollar USD/JPY

USD/JPY Bounces From Support But Fails to Sustain Gains

USD/JPY found support in Asian trading and bounced higher but gains were not sustained as the pair was hit by a trifecta of declines...

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usdcad canadian flag

June Canadian Wholesale Sales Decline 0.5%, Inventories Increase Again

Canadian wholesale sales fell 0.5% for June following 8 successive monthly gains and a revised 1.0% increase for May. The release was below consensus...
bitcoin BTC/USD

Bitcoin Prices Stabilize After $200 Drop

Bitcoin prices stabilized on Monday after a volatile weekend, as the newly minted Bitcoin Cash came crashing back down from record levels.Bitcoin (BTC/USD) rose...

Silver Prices Edge Higher in Narrow Trade

Silver prices traded higher on Monday, as risk aversion continued to prop up precious metals after a volatile week.Silver futures for September delivery rose...
oil storage tanks

Crude Oil Prices Sustain Gains, Long Positions Scaled Back

A fragile dollar has continued to provide net support to crude oil prices with markets also more confident surrounding underlying fundamentals after the sustained...
Euro Dollar EUR/USD

EUR/USD Confined To Tight Ranges, Very Limited Losses In Prospect

The Euro will be vulnerable to some further position adjustment into key speeches later this week, although underlying selling pressure is likely to be...