Jignesh Davda

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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.
Canadian Dollar CAD

USD/CAD Holds Above Important Resistance

News that Donald Trump won't terminate NAFTA, or at least not yet, triggered a sharp drop in USD/CAD today. The decline was not...
nzdusd queenstown new zealand

NZD/USD Holds Above Critical Resistance

In the same week the dollar has declined to multi-month lows against several of the majors, it has reached multi-month highs against all of...
Australia Sykline

AUD/USD Loses Downside Momentum Following Wednesday’s Significant Break Of Support

AUD/USD broke decisively lower yesterday but follow through lacked today with the exchange rate showing only a marginal decline as of the European close.Support...
usdcad us flag canadian flag

USD/CAD On The Verge Of A Major Break

A break of resistance in USD/CAD was not sustained on Tuesday but a retreat was short-lived as the exchange rate closed above the level...
new zealand flag

NZD/USD Declines To Fresh 2017 Lows, Testing Major Support

NZD/USD fell through an important support zone on Tuesday and extended losses today to trade at fresh lows for the year. The pair...
Australian Dollar AUD

AUD/USD Tumbles, Breaks Below Major Support

Commodity currencies have been under pressure this week with all three major currencies falling against the greenback despite a sharp fall in the dollar...
australia

AUD/USD Forming A Base Ahead Of Quarterly CPI

AUD/USD dropped sharply through support at the European open today but downside momentum subsided quickly as the pair is seen forming a base ahead...
nzdusd new zealand dollar

NZD/USD Tumbles Following Break Of Important Support

NZD/USD dropped sharply on Tuesday, on track to post its biggest daily loss since early March. The New Zealand dollar was the second...
usdcad us flag and canadian flag

USD/CAD Hits 14-Month High As Trump Intensifies Trade Tensions

USD/CAD gained upside momentum in late day trading on Monday and has extended higher to break above resistance from highs in the fourth quarter....
usdcad

USD/CAD Posts Marginal Gain As Oil Prices Continue To Fall

A small gap lower in USD/CAD at the weekly open was short-lived as the pair closed the day with a small gain. The...

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Canadian Dollar CAD

USD/CAD Holds Above Important Resistance

News that Donald Trump won't terminate NAFTA, or at least not yet, triggered a sharp drop in USD/CAD today. The decline was not...
USA

DJIA Today: Dow Futures Pare Gains in Tepid Trading

Dow industrials gained in tepid trading Thursday, as gains in technology and discretionary shares offset broader declines in the market.The Dow Jones Industrial Average...
nzdusd queenstown new zealand

NZD/USD Holds Above Critical Resistance

In the same week the dollar has declined to multi-month lows against several of the majors, it has reached multi-month highs against all of...
USA

S&P 500 Futures Edge Higher with Eyes on Policy

U.S. stocks finished slightly higher on Thursday, regaining momentum lost in the previous session when the Trump administration unveiled an ambitious tax-cut plan that...
USA

NASDAQ Composite Index Extends Move to the Upside

The NASDAQ Composite Index appeared to be entering a consolidation mode on Wednesday, but moved to the upside today, outperforming both the Dow Jones...
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