USD/CAD Forecast February 16, 2016, Technical Analysis
The USD/CAD pair rallied a bit during the course of the session on Monday, but at this point in time it appears that we are simply not ready to go anywhere. If we can break above the...
Month: February 2016
GBP/USD Forecast February 16, 2016, Technical Analysis
The GBP/USD pair fell during the course of the day on Monday, but we still remain above the 1.44 level at this point in time. That of course is a sign that we remain within consolidation, so...
EUR/USD Forecast February 16, 2016, Technical Analysis
The EUR/USD pair fell significantly during the course of the session on Monday, in reaction to Mario Draghi suggesting that the European Central Bank could very well work against the value of the Euro as there are...
AUD/USD Forecast February 16, 2016, Technical Analysis
The AUD/USD pair initially tried to rally during the day on Monday, but turned back around to show a bit of a shooting star. With this, we believe that the Australian dollar will continue to bounce around...
EURAUD Rising Channel Bounce (Feb 16, 2016)
EURAUD has been trending higher these days and is moving inside a rising channel on its 4-hour time frame. Price is currently testing the bottom of the channel, which might hold as support and trigger a bounce...
USDJPY Downtrend Setup (Feb 15, 2016)
USDJPY has been trending lower in the past few days, moving below a descending trend line on its 1-hour time frame. Price looks ready to test this falling resistance area once more, as this lines up with...
Can the Fed Drop Interest Rates Below 0%?
By Elliott Wave International For the financial markets, the biggest event of the week starts tomorrow: On Wednesday and Thursday (Feb. 10-11) Fed chair Janet Yellen will appear before Congress to deliver her semi-annual Monetary Policy Report....
(Video) Gain Trading Confidence by Improving Your Wave Analysis Skills
By Elliott Wave International How do you distinguish between a “good” Elliott wave count and a “bad” wave count? In this lesson from our educational service for traders called Trader’s Classroom, editor Jeffrey Kennedy walks you through...
USDCAD Weekly Analysis – February 14, 2016
USDCAD is in consolidation of the long term uptrend from 0.9406 (Jul 26, 2011 low). Range trading between 1.3400 and 1.4689 would likely be seen over the next several weeks. Support is at 1.3400, as long as...
USDJPY Weekly Analysis – February 14, 2016
USDJPY broke below 115.97 support, indicating that the long term uptrend from 75.57 (Oct 31, 2011 low) had completed at 125.85 (Jun 5, 2015 high) already. Further decline could be seen over the next several weeks, and...