USDJPY: “Diving” For Opportunity
By Elliott Wave International On a recent vacation to the Yucatan, my friend decided to get certified in scuba diving. I, on the other hand, prefer breathing my air above water! But I did tag along with...
Month: January 2016
USDCAD Weekly Analysis – January 30, 2016
USDCAD’s fall from 1.4689 extended to as low as 1.3947. Further decline to test 1.3800 support is possible next week. As long as this level holds, the fall could be treated as consolidation of the uptrend from...
USDJPY Weekly Analysis – January 30, 2016
After touching 116.13 support, USDJPY rebounded from 115.97, indicating that the pair remains in long term uptrend from 75.57 (Oct 31, 2011 low), the price action from 125.85 (Jun 5, 2015 high) could be treated as consolidation...
AUDUSD Weekly Analysis – January 30, 2016
AUDUSD broke above 0.7050 resistance, indicating that lengthier consolidation for the long term downtrend from 0.9504 (Jul 1, 2014 high) is needed. Further rally to 0.7200 area is possible next week. However, as long as 0.7439 key...
GBPUSD Weekly Analysis – January 30, 2016
GBPUSD is in consolidation of the downtrend from 1.5929. Range trading between 1.4080 and 1.4600 could be seen in a couple of weeks. Resistance is at 1.4600, as long as this level holds, the downtrend could be...
EURUSD Weekly Analysis – January 30, 2016
EURUSD moved sideways in a narrow range between 1.0707 and 1.1059 for several weeks. The price action in the range is likely consolidation of the uptrend from 1.0517. Another rise could be expected after consolidation, and the...
USD/JPY Forecast February 1, 2016, Technical Analysis
The USD/JPY pair broke higher during the course of the day on Friday as we continue to see quite a bit of volatility due to the fact that the Bank of Japan is suggesting that quantitative easing...
USD/CAD Forecast February 1, 2016, Technical Analysis
The USD/CAD pair tried to rally, but failed on Friday. However, we think that sooner or later there will be buyers as this area is so strong in support. Oil has been going higher on a shot-term...
GBP/ USD Forecast February 1, 2016, Technical Analysis
The GBP/USD pair fell during the course of the session on Friday, but found a little bit of support below the 1.42 handle. With this being said, the market looks as if it is trying to grind...
EUR/USD Forecast February 1, 2016, Technical Analysis
The EUR/USD pair fell on Friday, heading back to the 1.08 level. Because of this, it looks as if the market is still in the consolidation area but certainly could be getting ready to break down. The...