EURAUD Double Top (February 21, 2018)

by Kate Curtis | February 21, 2018 5:32 am
EURAUD looks ready for a selloff as price is forming a double top reversal pattern on its 4-hour time frame. The pair has yet to break below the neckline at the 1.5650 minor psychological mark before confirming...

Baidu (BIDU) Resuming the Bullish Cycle

by elliottwave-forecast.com | February 20, 2018 12:38 pm
Baidu, Inc. (NASDAQ: BIDU) is one of the largest Chinese multinational technology companies specializing in Internet-related services & products and one of the premier AI leaders in the world. Last week, Baidu has reported excellent results in Q4 which helped its stock...

Gold Favored Higher Against 1306.96

by elliottwave-forecast.com | February 20, 2018 12:13 pm
Gold Short Term Elliott Wave view suggests that Intermediate wave (X) ended with the decline to 1306.96. Up from there, the yellow metal is rallying in 5 waves impulse Elliott Wave structure where Minutte wave (i) ended at 1337, Minutte...

New Cable Downtrend? (Feb 20, 2018)

by Kate Curtis | February 20, 2018 4:14 am
GBPUSD appears to be starting a new trend lower as price is creating a descending channel on its 4-hour time frame. Price is just testing the resistance, though, and might be due for a move back to...

USDJPY Downtrend Correction (February 19, 2018)

by Kate Curtis | February 19, 2018 2:43 am
USDJPY recently broke below a major support zone, confirming that a downtrend is underway. Price appears to be finding support at current levels, though, so a pullback is also possible. Stochastic is on its way up to...

EURJPY Channel Breakdown (Feb 16, 2018)

by Kate Curtis | February 16, 2018 6:52 am
EURJPY had been trading inside an ascending channel pattern and price has broken below support. This signals that a reversal from the uptrend is underway, although additional confirmation could still be needed from technical indicators. The 100...

GBPJPY Ascending Channel (Feb 15, 2018)

by Kate Curtis | February 15, 2018 7:19 am
GBPJPY recently bounced off the top of its ascending channel and is now making its way to support. Applying the Fib tool on the latest swing low and high shows that this lines up with the 61.8%...

Elliott wave Analysis: USDJPY calling for more downside

by elliottwave-forecast.com | February 14, 2018 11:40 am
USDJPY Short-term Elliott Wave view suggests that the rally to 110.48 high ended Intermediate wave (4) bounce on February 02.2018 peak. Below from there, the decline is unfolding as an Ending Diagonal Structure within Intermediate wave (5) lower. Where Minor wave 1 ended...

USD/JPY Price Forecast February 14, 2018, Technical Analysis

by FX Empire | February 14, 2018 7:18 am
The 107.50 level underneath is the bottom of a larger consolidation area that the pair has been in for some time, and the fact that we slammed into it during trading on Tuesday suggests that we are...

USD/CAD Price Forecast February 14, 2018, Technical Analysis

by FX Empire | February 14, 2018 7:17 am
The US dollar has gone sideways against the Canadian dollar during Tuesday trading, dancing around the 1.26 level. Obviously, oil markets will have their influence on the Canadian dollar, so you should pay attention to what’s going...