A Two-Bar Pattern that Points to Trade Setups
By Elliott Wave International Some people like to get outside on the weekends, maybe playing tennis or working in the yard. Some people like to visit their friends or cook a big meal or go out to...
Month: August 2016
USDCAD Daily Analysis – August 31, 2016
USDCAD’s upward movement from 1.2763 extended to as high as 1.3112. Further rise could be expected after a minor consolidation, and next target would be at 1.3200 area. Support is at 1.3000, as long as this level...
USDJPY Daily Analysis – August 31, 2016
USDJPY’s upward movement from 99.52 extended to as high as 103.22. Further rise is still possible over the next several days, and next target would be at 106.00 area. Support is at 101.70, only break below this...
AUDUSD Daily Analysis – August 31, 2016
AUDUSD continued its downward movement from 0.7755, and the fall extended to as low as 0.7500. Further decline is still possible over the next several days, and next target would be at 0.7250 area. Near term resistance...
GBPUSD Daily Analysis – August 31, 2016
GBPUSD remains in downtrend from 1.3278. Further decline could be expected in a couple of days, and next target would be at 1.2900 area. Resistance is at 1.3278, only break above this level could trigger another rise...
EURUSD Daily Analysis – August 31, 2016
EURUSD’s downward movement from 1.1366 extended to as low as 1.1132. Resistance is at 1.1210, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.1000 area. On...
USD/JPY Forecast August 31, 2016, Technical Analysis
The USD/JPY pair broke higher during the course of the session on Tuesday, breaking above the top of the shooting star from the Monday session. Because of this, I believe that the market is going to continue...
USD/CAD Forecast August 31, 2016, Technical Analysis
The USD/CAD pair broke higher during the course of the session on Tuesday, breaking well above the previous uptrend line. With that being the case, the market looks as if it is trying to go much higher,...
GBP/USD Forecast August 31, 2016, Technical Analysis
The GBP/USD pair initially fell during the course of the session, but turn right back around to form a bit of a hammer. The 1.30 level below offered support, and I think that extends all the way...
EUR/USD Forecast August 31, 2016, Technical Analysis
The EUR/USD pair fell significantly during the day on Tuesday, breaking the bottom of the hammer from the Monday session. That of course is a very negative sign and as a result I think that the Euro...