EUR/USD Forecast October 19, 2017, Technical Analysis

by FX Empire | October 19, 2017 5:41 am
The EUR/USD pair fell on Wednesday, reaching down towards the 1.1740 level, then bouncing enough to form what looks to be a hammer for the day. If we can break out to the upside, and especially the...

AUD/USD Forecast October 19, 2017, Technical Analysis

by FX Empire | October 19, 2017 5:40 am
The Australian dollar initially fell during the day on Wednesday, testing the 0.7820 level again as we did on Tuesday. This is an area where buyers are starting to come back into the market at, but I...

EURAUD Triangle Break and Retest (Oct 19, 2017)

by Kate Curtis | October 19, 2017 5:30 am
EURAUD recently broke out of its symmetrical triangle formation on the daily time frame to indicate that bullish momentum is getting stronger. Price reached a high of 1.5246 before turning back down for a retest of the...

Elliott Wave Theory Structure; An Ending Diagonal

by elliottwave-forecast.com | October 18, 2017 11:27 am
An ending diagonal is a type of impulsive motive wave in Elliott Wave Theory that will be found in the subdivision of fifth waves or whole C waves in a structure. An ending diagonal C wave or 5th wave...

Copper swings sequences calling the rally

by elliottwave-forecast.com | October 18, 2017 11:15 am
Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave charts of  Copper published in members area of www.elliottwave-forecast.com. In further text we’re going to count the swings, explain...

Rate Hike Expectation May Support Poundsterling

by elliottwave-forecast.com | October 18, 2017 10:55 am
In the aftermath of Brexit vote, Bank of England (BOE) had cut the cost of borrowing to a new record low of 0.25% in order to support the economy. At the same time, Poundsterling slumped against other...

AUDUSD Elliott Wave Analysis 10.18

by elliottwave-forecast.com | October 18, 2017 10:33 am
AUDUSD Elliott Wave structure suggests that the decline to 0.7731 on October 6th low ended Primary wave ((W)). From there, Primary wave ((X)) bounce is unfolding as a double three Elliott Wave structure. Rally to 0.7807 ended Intermediate wave (W)...

USDCAD Reversal Pattern (Oct 18, 2017)

by Kate Curtis | October 18, 2017 6:01 am
USDCAD previously broke below its ascending channel formation then pulled up for a retest, creating a head and shoulders pattern visible on the 4-hour time frame. Price has yet to complete the right shoulder and test the...

NASDAQ Futures: Impulsive Rally

by elliottwave-forecast.com | October 17, 2017 5:57 pm
NASDAQ Futures rally from 2.11.2016 low is unfolding as an Elliott Wave Impulse as we can clearly see three channels in price and momentum (RSI) to support this idea. Wave ((1)) ended at 4919.50 as a diagonal,...

AUDUSD Short Term Elliott Wave Analysis 10.17

by elliottwave-forecast.com | October 17, 2017 11:40 am
AUDUSD Short term Elliott Wave analysis suggests decline to 0.7731 ended Primary wave ((W)) on 10/6 low. Bounce in Primary wave ((X)) is proposed to be unfolding as a double three Elliott Wave structure. Intermediate wave (W) of ((X)) ended at...