AUDUSD Daily Analysis – September 13, 2017
AUDUSD’s pullback from 0.8124 extended to as low as 0.7998. Further decline is still possible in a couple of days and next target would be at the bottom support trend line of the price channel on the...
Month: September 2017
GBPUSD Daily Analysis – September 13, 2017
GBPUSD broke above 1.3267 previous high resistance and extended its bullish movement from 1.2909 to as high as 1.3310. Near term support is at the rising trend line on the 4-hour chart. As long as the price...
EURUSD Daily Analysis – September 13, 2017
EURUSD rebounded from 1.1926 after touching the support trend line from 1.1662 to 1.1823 on its 4-hour chart, suggesting that the pair remains in the uptrend from 1.1662. Further rally would likely be seen in the coming...
DXY Dollar Index Elliott Wave View: 9.12.2017
DXY Dollar Index Short Term Elliott Wave view suggests that the decline from 8/16 peak is unfolding as an Ending Diagonal Elliott Wave structure. Down from 8/16 high, Minor wave 1 ended at 91.62 and Minor wave 2 ended...
GBPJPY Move Sideways On Weekly Chart
GBPJPY moved sideways in a trading range between 135.59 and 148.44 for several months. The sideways movement is likely consolidation of the uptrend from 122.36. As long as 135.59 key support holds, the uptrend could be expected...
EURUSD Double Top (Sep 12, 2017)
EURUSD appears to be tired from its climb as the pair is forming a double top reversal pattern on its 4-hour time frame. Price failed in its last two attempts to break past the 1.2070 area and...
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By Elliott Wave International 3 Videos + 8 Charts = Opportunities You Need to See. Join this free event hosted by Elliott Wave International and you’ll get a clear picture of what’s next in a variety of...
USDCAD Daily Analysis – September 12, 2017
USDCAD stays below a descending trend line on the 4-hour chart and remains in the downtrend from 1.2662. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...
USDJPY Daily Analysis – September 12, 2017
USDJPY broke above the resistance of the bearish trend line on its 4-hour chart, indicating that the short term downtrend from 110.67 had completed at 107.31 already. Further rally could be expected and the target would be...
AUDUSD Daily Analysis – September 12, 2017
AUDUSD broke below the bullish trend line on its 4-hour chart, indicating that the short term uptrend from 0.7871 had completed at 0.8124 already. Further decline could be expected in a couple of days and next target...