AUD/USD Forecast August 19, 2015, Technical Analysis
The AUD/USD pair broke down a little bit during the session on Tuesday, but quite frankly we have a lot of noise below us. At the end of the day though, we are most certainly in a...
Month: August 2015
EURNZD Area of Interest (Aug 18, 2015)
EURNZD recently surged past the resistance around the 1.6800 major psychological level then zoomed up to a high of 1.7100. From there, the pair made a pullback to the broken resistance, which lines up with the 38.2%...
NZDUSD Triangle Support (Aug 17, 2015)
NZDUSD got rejected in its test of the descending triangle resistance and is now moving back to the bottom around the .6500 major psychological level. Whether a bounce or a break takes place depends on the outcome...
(Interview) “The World is Awash in Oil”
By Elliott Wave International In this new interview with Elliott Wave International’s Chief Energy Analyst, Steve Craig, you’ll learn where he sees prices going next. *Editor’s note: this interview was recorded on August 12; the price low...
USDCAD Weekly Analysis – August 16, 2015
USDCAD remains in uptrend from 1.1919, the fall from 1.3213 is likely consolidation of the uptrend. Near term support is at 1.2850, as long as this level holds, the uptrend could be expected to continue, and next...
USDJPY Weekly Analysis – August 16, 2015
USDJPY is facing 125.85 resistance, a break of this level will confirm that the uptrend from 115.56 has resumed, then next target would be at 130.00 area. Near term support is at 123.00, only break below this...
AUDUSD Weekly Analysis – August 16, 2015
AUDUSD’s downward movement from 0.8162 expected to as low as 0.7214. Resistance is at the top of the price channel on daily chart. As long as the channel resistance holds, the downtrend could be expected to continue,...
GBPUSD Weekly Analysis – August 16, 2015
GBPUSD continued its sideways movement in a range between 1.5170 and 1.5929. Key support is at 1.5170, as long as this level holds, the sideways movement could be treated as consolidation of the uptrend from 1.4565, further...
EURUSD Weekly Analysis – August 16, 2015
EURUSD failed to break below 1.0808 support and stayed in the trading range between 1.0808 and 1.1467. As long as 1.0808 support holds, the price action in the range could be treated as consolidation of the uptrend...
USD/JPY Forecast August 17, 2015, Technical Analysis
The USD/JPY pair fell during the course of the session on Friday, but turned back around to form a little bit of a hammer. Quite frankly, the market is looking to break out above the 125 handle,...