Hang Seng: Incomplete Elliott Wave Sequence

by elliottwave-forecast.com | June 27, 2017 1:01 pm
Hello fellow traders. In this technical blog we’re going to present the past Elliott Wave charts of Hang Seng ( $HSI-HKG ) .  As our members know, we were pointing out that Hang Seng is having incomplete bullish...

EURJPY Elliott Wave Analysis: Bullish against 123.6

by elliottwave-forecast.com | June 27, 2017 11:14 am
Short term EURJPY Elliott Wave view suggests the decline to 122.35 on 6/15 low ended Intermediate wave (X). Rally from there is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ended at 124.46 and Minute...

USD/JPY Forecast June 27, 2017, Technical Analysis

by FX Empire | June 27, 2017 4:48 am
The USD/JPY pair initially tried to rally during the session on Monday but ran into quite a bit of trouble near the 111.75 level. We pulled back, looking for support near the 111.35 handle, where we had...

USD/CAD Forecast June 27, 2017, Technical Analysis

by FX Empire | June 27, 2017 4:47 am
The US dollar fell initially against the Canadian dollar, reaching towards the 1.32 level. However, on the hourly chart we ended up forming a bit of a hammer. The hammer of course is a very bullish sign,...

GBP/USD Forecast June 27, 2017, Technical Analysis

by FX Empire | June 27, 2017 4:46 am
The British pound gapped higher at the open on Monday, and then reached to the 1.2750 level. We pulled back a little bit though, and found support at the 1.27 level, and now find yourself going sideways...

EUR/USD Forecast June 27, 2017, Technical Analysis

by FX Empire | June 27, 2017 4:45 am
The EUR/USD pair went sideways initially during the day on Monday, but found the 1.12 level above to be resistance. We broke down below there, and then reached down to the 1.1175 level, where we found quite...

AUD/USD Forecast June 27, 2017, Technical Analysis

by FX Empire | June 27, 2017 4:43 am
The AUD/USD pair rallied a bit during the day, but then pulled back on Monday, testing the 0.7560 level. I believe that the market will then bounced towards the 0.76 handle, and possibly beyond. Obviously, there is...

AUDJPY Double Bottom Breakout (Jun 27, 2017)

by Kate Curtis | June 27, 2017 4:19 am
AUDJPY recently formed a double bottom pattern on its daily time frame to signal that a reversal from the selloff is underway. Price just broke past the neckline around the 84.50 minor psychological level to confirm that...

IBB Forecasting the Rally & Buying the Dips

by elliottwave-forecast.com | June 27, 2017 12:39 am
IBB ( iShares NASDAQ Biotechnology Index ETF ) tracks the performance of a market-cap-weighted index of biotechnology and pharmaceutical companies listed on the NASDAQ. In this Technical Blog we’re going to take a quick look at the past Elliott...

USDCHF Long-Term Range (Jun 26, 2017)

by Kate Curtis | June 26, 2017 1:36 pm
USDCHF has sold off recently but it could find strong support at a long-term range bottom around the .9500-.9550 levels. A bounce off this area could lead to a move back to the resistance at 1.0400 or...