GBPUSD is facing 1.2557 resistance, a break of this level will indicate that the uptrend from 1.2109 has resumed, then next target would be at 1.2670 area. On the downside, as long as 1.2557 resistance holds, the...
EURUSD broke above the resistance of the descending price channel on 4-hour chart, indicating that the downtrend from 1.0905 had completed at 1.0569 already. Further rise could be expected and next target would be at 1.0700 area....
A forex trader must master many analysis techniques and strategies to trade successfully. Studying chart pattern is one of the most common practices in Forex trading. These charts give reliable entry and exit points for the potential...
Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave charts of AUDJPY . We’re going to explain the structure and see how we forecasted the path. The...
In this Technical blog we are going to take a quick look at the past 1 hour Elliott Wave performance of AUDCAD cycle from March 20 peak (1.0332), which we presented to our clients at elliottwave-forecast.com We are going...
Short term Elliott Wave view in Crude Oil (CL_F) suggests that cycle from 3/22 low (47.01) is unfolding as a double three Elliott wave structure where Minute wave ((w)) ended at 50.85 and Minute wave ((x)) ended at 49.88. Minute...
The USD/JPY pair had a very negative session on Tuesday, breaking below the 110 level. It now looks as if we’re going to grind our way down to the 61.8% Fibonacci retracement level, which is 108. It...
The USD/CAD pair went back and forth during the day on Tuesday, testing the 1.33 region. The oil markets were extraordinarily volatile, and that was the main culprit of the currency pair being so choppy. The 1.33...
The GBP/USD pair rally during the session on Tuesday, testing the 1.25 handle. There is a lot of noise in this area and we have been going back and forth during the last several weeks between the...
The EUR/USD pair rallied on Tuesday, breaking above the top of the range from the Monday session and showing that the 1.06 level was in fact going to be supportive. Having said that, I still believe that...
