Freeport McMoRan (FCX) Outlook Turning Bullish

by elliottwave-forecast.com | April 28, 2017 4:59 pm
Freeport McMoRan Incorporation (NYSE: FCX) is the world’s largest publicly traded copper and molybdenum producer and it’s also a major producer of gold but almost 70% of revenues are from the sale of copper. The Phoenix, Arizona-based company is primarily engaged in mineral exploration...

USDCAD Elliott Wave View: Extending Higher

by elliottwave-forecast.com | April 28, 2017 8:46 am
Short term Elliott Wave view in USDCAD suggest the decline to 1.322 ended Intermediate wave (X). The rally from there is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ended at 1.3525 and Minute wave ((x)) ended at...

USDJPY Downtrend Pullback (Apr 28, 2017)

by Kate Curtis | April 28, 2017 5:07 am
USDJPY has been on a climb recently but zooming out to the longer-term charts shows that it’s still on a downtrend. Price is moving inside a descending channel pattern on its daily and 4-hour time frame but...

USDCAD Elliott Wave View: Flat correction

by elliottwave-forecast.com | April 27, 2017 10:11 am
Short term Elliott Wave view in USDCAD suggest the decline to 1.322 ended Intermediate wave (X). The rally from there is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ended at 1.3525 and Minute wave ((x)) ended at...

USD/JPY Forecast April 27, 2017, Technical Analysis

by FX Empire | April 27, 2017 7:49 am
The USD/JPY pair broke higher during the day on Wednesday as we continue to see quite a bit of buying pressure. This was in reaction to stock markets going higher and we now are finding the market...

USD/CAD Forecast April 27, 2017, Technical Analysis

by FX Empire | April 27, 2017 7:48 am
The USD/CAD pair initially tried to rally during the session but continues to find the 1.36 level to be far too resistive. Because of this, looks like we are to pull back a little bit as oil...

GBP/USD Forecast April 27, 2017, Technical Analysis

by FX Empire | April 27, 2017 7:47 am
  The British pound continues to grind sideways just above the 200-day exponential moving average and the previous resistance at the 1.2750 level. However, this candle looks a little bit more bullish than the others, and therefore...

EUR/USD Forecast April 27, 2017, Technical Analysis

by FX Empire | April 27, 2017 7:46 am
The EUR/USD pair initially tried to rally during the day on Wednesday but fell below the 1.09 level again. There is a gap below that should offer support, but quite often these markets tried to fill these...

AUD/USD Forecast April 27, 2017, Technical Analysis

by FX Empire | April 27, 2017 7:45 am
The Australian dollar fell significantly during the session on Wednesday, breaking down to the 50% Fibonacci retracement level. It is in this area that one would expect some type of support to appear, but as I record...

USDCAD Uptrend Pullback (Apr 27, 2017)

by Kate Curtis | April 27, 2017 5:05 am
USDCAD has formed higher lows on its 4-hour time frame, moving above a new ascending trend line connecting the lows since mid-February. Price found resistance at the 1.3650 minor psychological level and seems to be in the...