USD/JPY Forecast July 11, 2016, Technical Analysis
The USD/JPY pair has gone back and forth during the course of the session on Friday, and with this being the case it’s likely that we are starting to hesitate now that we get close to the...
Month: July 2016
GBP/USD Forecast July 11, 2016, Technical Analysis
GBP/USD pair initially rallied a bit, but at the end of the day could not break above the 1.30 level with any gusto. At this point in time, it looks as if the market is going to...
AUDJPY Rising Channel (July 11, 2016)
AUDJPY has started to trend higher on its 1-hour time frame, moving inside a rising channel on the short-term chart. Price is currently testing the channel support and might be due for a bounce towards the resistance...
Why Stock Market Investors Should Expect the Unexpected
By Elliott Wave International [Editor’s Note: The text version of the story is below.] Investors who jump on “sure things” in the stock market usually lick their wounds with regret. The decision of British voters to leave...
Brexit and Beyond — Look at Price Patterns, not Market News
By Elliott Wave International Jim Martens, editor of Currency Pro Service, prepared his subscribers early for the violent reversal and historic sell-off in the British pound. Learn what helped him do it. Trading Forex: How the Elliott...
USDCAD Weekly Analysis – July 10, 2016
USDCAD is facing 1.3188 resistance, a break of this level will indicate that the uptrend from 1.2460 has resumed, then next target would be at 1.3600 area. Support is at 1.2460, only a breakdown below this level...
USDJPY Weekly Analysis – July 10, 2016
USDJPY remains in downtrend from 123.75, the rise from 98.97 is likely consolidation of the downtrend. Resistance is located at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend...
AUDUSD Weekly Analysis – July 10, 2016
No changed in our view, AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 would possibly be correction of the downtrend. Another fall could be expected after correction and next target would be at 0.6900.
GBPUSD Weekly Analysis – July 10, 2016
GBPUSD’s downward movement from 1.5016 extended to as low as 1.2795. Further decline could be expected after a minor consolidation, and next target would be at 1.2000 area. Near term resistance is at 1.3550, as long as...
EURUSD Weekly Analysis – July 10, 2016
EURUSD remains in downtrend from 1.1616, the rise from 1.0911 is likely consolidation of the downtrend. Near term resistance is at 1.1440, as long as this level holds, the downtrend could be expected to continue, and next...