AUDUSD Weekly Analysis – August 6, 2017
AUDUSD stays above a bullish trend line on its daily chart and remains in the uptrend from 0.7328. Near term support is at 0.7875, as long as this level holds, the uptrend could be expected to continue...
Month: August 2017
GBPUSD Weekly Analysis – August 6, 2017
GBPUSD stays above the ascending trend line on its daily chart remains in the uptrend from 1.1987. As long as the price is above the trend line the pullback from 1.3267 could be treated as consolidation of...
EURUSD Weekly Analysis – August 6, 2017
EURUSD pulled back from 1.1909 after touching the top resistance trend line of the price channel on its daily chart, suggesting that consolidation for the bullish movement from 1.0569 is underway. Range trading between 1.1600 and 1.1909...
USD/JPY Forecast August 7, 2017, Technical Analysis
The US dollar went sideways initially on Friday, hovering above the 110 level. We shot to the upside after that, as the jobs number was much better than anticipated, and that of course suggests that the Federal...
USD/CAD Forecast August 7, 2017, Technical Analysis
The US dollar initially went sideways during the day on Friday, as we hovered around the 1.2575 level. The market broke higher during the day, slicing through the 1.26 handle, as the US jobs market produced far...
GBP/USD Forecast August 7, 2017, Technical Analysis
The British pound went sideways initially during the day on Friday, but then collapsed after the jobs number came out much longer than anticipated in America. The British pound has been beaten up rather significantly over the...
EUR/USD Forecast August 7, 2017, Technical Analysis
The EUR/USD pair went sideways initially during the day on Friday, but then broke down after the jobs number came out much stronger than anticipated. Because of this, the market fell towards the 1.1750 level underneath, which...
AUD/USD Forecast August 7, 2017, Technical Analysis
The Australian dollar started out on Friday rather bullish, but found enough resistance at the 0.7980 level to fall over. This was predicated upon the jobs number in the United States being better than anticipated, so that...
TSLA Elliott Wave Calling Higher & Buying the Dips
Tesla stock TSLA saw an impressive rally from the start of the year gaining +78% in 6 month before a correction took place and despite the recent decline the stock is still with +60% in profits. In this Technical Blog we’re...
How to Win Against the Dangerous “Herding Impulse”
By Elliott Wave International We all love a bargain… …Except when it comes to stocks. The reason boils down to uncertainty. We know what our fruits and vegetables should cost at the grocer’s — but we’re far...