EUR/USD Forecast August 15, 2016, Technical Analysis
The EUR/USD pair initially tried to rally during the course of the day on Friday, but gave back about half of the games in order to form a shooting star. As you can see, we are still...
Month: August 2016
AUD/USD Forecast August 15, 2016, Technical Analysis
The Australian dollar initially tried to rally during the Friday session but back and sold off rather significantly. The shooting star that formed on Wednesday money been your first hint that we were running the trouble but...
EURNZD Descending Channel (Aug 15, 2016)
EURNZD has been trending lower, moving inside a descending channel on its 4-hour time frame. Price is currently testing the channel resistance and might be due for a bounce or a break. The 100 SMA is above...
Markets: Understand the Present to Forecast the Future (Part 2)
By Elliott Wave International In part 2 of our in-depth interview with Steve Hochberg, Steve explains what else makes Elliott wave analysis so useful and practical. If you missed part 1 of our in-depth interview with Steve...
USDCAD Weekly Analysis – August 14, 2016
USDCAD stays in the upward price channel on daily chart, and remains in short term uptrend from 1.2654. Near tern support is at the bottom of the channel. As long as the channel support holds, the uptrend...
USDJPY Weekly Analysis – August 14, 2016
USDJPY stays below the downward trend line on daily chart, and remains in downtrend from 123.75 (Nov 18, 2015 high). As long as the trend line resistance holds, the downtrend could be expected to continue, and next...
AUDUSD Weekly Analysis – August 14, 2016
AUDUSD’s upward movement from 0.7144 extended to as high as 0.7755. Further rise could be expected after a minor consolidation, and next target would be at 0.8000 area. Support is at 0.7400, only break below this level...
GBPUSD Weekly Analysis – August 14, 2016
GBPUSD stayed in the trading range between 1.2795 and 1.3480. As long as 1.3800 level holds, the price action from 1.2795 could be treated as consolidation of the downtrend from 1.5016, and further decline to 1.2000 area...
EURUSD Weekly Analysis – August 14, 2016
EURUSD is facing the downward trend line resistance again. A clear break above the trend line resistance will indicate that the downtrend from 1.1616 had completed at 1.0911 already, then the following upward movement could bring price...
USD/JPY Forecast August 12, 2016, Technical Analysis
The USD/JPY pair initially tried to rally during the course of the session on Thursday, but turned back around to form a bit of a shooting star. The shooting star of course is a negative sign, but...