Is the EURUSD correction over? – Paxforex
The EURUSD has dropped sharply and looking just at the chart it seems as if there is no end in sight as traders do not want to try and catch a falling dagger. From a technical perspective...
Month: August 2014
Don’t Get Ruined by These 10 Popular Investment Myths (Part II)
By Elliott Wave International You may remember that during the 2008-2009 financial crisis, many called into question traditional economic models. Why did the traditional financial models fail? And more importantly, will they warn us of a new...
USDCAD Weekly Analysis – August 30, 2014
USDCAD remains in uptrend from 1.0619, the price action from 1.0985 is likely consolidation of the uptrend. Support is at 1.0800, as long as this level holds, the uptrend could be expected to resume, and another rise...
USDCHF Weekly Analysis – August 30, 2014
USDCHF remains in uptrend from 0.8699. Further rise could be expected after a minor consolidation, and next target would be at 0.9500 area. Support levels are at 0.9100 and 0.9020, only break below these levels could signal...
USDJPY Weekly Analysis – August 30, 2014
USDJPY moved sideways in a range between 100.75 and 105.44. As long as 100.75 key support holds, the price action in the range could be treated as consolidation of the uptrend from 75.57 (Oct 31, 2011 low),...
AUDUSD Weekly Analysis – August 30, 2014
AUDUSD failed to break below 0.9202 support, and stayed in the trading range between 0.9202 and 0.9504. As long as 0.9202 support holds, the price action in the range could be treated as consolidation of the uptrend...
GBPUSD Weekly Analysis – August 30, 2014
GBPUSD’s downward movement extended to as low as 1.6536. Resistance is at 1.6650, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.6000 area. Only break above...
EURUSD Weekly Analysis – August 30, 2014
EURUSD continued its downward movement from 1.3993, and the fall extended to as low as 1.3129. Further decline could be expected in a couple of weeks, and next target would be at 1.2700 area. Near term resistance...
USD/JPY Forecast September 1, 2014, Technical Analysis
The USD/JPY pair broke higher during the day on Friday, breaking the top of the hammer that informed on Thursday. On top of that, we close above the 104 level so we feel that this market should...
USD/CAD Forecast September 1, 2014, Technical Analysis
The USD/CAD pair fell during the bulk of the session on Friday, but then turned back around and form a nice-looking hammer. This hammer sits right at the 1.0850 region, which makes us think that the market...