EUR/USD Forecast June 28, 2016, Technical Analysis
The EUR/USD pair gapped lower at the open on Monday, and bounced off of the 1.10 level during the day. With this, the market looks as if it is trying to break down but there is a...
Month: June 2016
AUD/USD Forecast June 28, 2016, Technical Analysis
The AUD/USD pair gapped lower at the open on Monday, and then broke down. This makes a lot of sense, because quite frankly the Australian dollar is highly leveraged to risk appetite, and as a result it...
EURCAD Descending Channel (June 28, 2016)
EURCAD has been trending lower on its 4-hour time frame, moving inside a descending channel. Price just bounced off support and might be due for a test of resistance at the 1.4500 major psychological level. The 100...
AUDUSD Support Turned Resistance (June 27, 2016)
AUDUSD tested the .7650 minor psychological resistance before selling off sharply last week and a look at the daily time frame shows that this resistance is a long-term area of interest. It held as support in the...
EWI’s Steve Hochberg: “The Trend is Set” — And What You Should Pay Attention to Next
By Elliott Wave International Steve Hochberg and Pete Kendall, co-editors of our monthly Financial Forecast, sat down with ElliottWaveTV to discuss the volatility that followed Thursday’s Brexit vote. Learn what the Brexit vote represents — and its...
Reviewing the Basics of the Elliott Wave Principle: The Zigzag
By Elliott Wave International The Wave Principle classifies price action as either motive or corrective. Corrective waves move opposite the direction of the primary trend and include the zigzag, flat, triangle and combinations of these patterns. They...
USDCAD Weekly Analysis – June 26, 2016
USDCAD moved sideways in a range between 1.2460 and 1.3188 for several weeks. Another rise to 1.3600 area would likely be seen after the sideways movement, and a break of 1.3188 resistance could signal resumption of the...
USDJPY Weekly Analysis – June 26, 2016
USDJPY’s downward movement from 123.75 extended to as low as 98.97. Further decline could be expected after a minor consolidation, and next target would be at 95.00 area. Resistance is at the downward trend line on daily...
AUDUSD Weekly Analysis – June 26, 2016
No changed in our view, AUDUSD remains in downtrend from 0.7834, the bounce from 0.7144 could be treated as correction of the downtrend. Further decline could be expected after correction, and next target would be at 0.6900...
GBPUSD Weekly Analysis – June 26, 2016
GBPUSD broke below 1.3835 previous low support, indicating that the long term downtrend from 1.7190 (Jul 15, 2014 high) has resumed. Further decline could be expected after a minor consolidation, and next target would be at 1.2000...