Elliott Wave Analysis: Further Strength in USDJPY

by elliottwave-forecast.com | April 6, 2018 2:46 pm
USDJPY short term Elliott Wave view suggests that the decline to 104.54 low on March 26 ended Intermediate wave (3). Wave (4) correction is in progress as a double three Elliott Wave Structure. A double three is a 7 swing...

Elliott Wave View: Copper Starts a New Leg Higher

by elliottwave-forecast.com | April 4, 2018 3:07 pm
Short Term Elliott Wave view in Copper suggests that the decline to 2.938 on 3.26.2018 ended Minor wave IV. The metal started a new leg higher from there in Minor wave V. Subdivision of Minor wave V...

USD/JPY rebounds on Tuesday

by FX Empire | April 4, 2018 6:40 am
The US dollar has rallied during the trading on Tuesday, reaching towards the 106.50 region. If we can break above there, the market then goes to the 107.50 level over the longer term. However, this is a...

USD/CAD roles over a bit on Tuesday

by FX Empire | April 4, 2018 6:39 am
The US dollar has rolled over a bit against the Canadian dollar after initially trying to rally on Tuesday but found the 1.2925 level to be a bit resistive. We pulled back from there to reach towards...

GBP/USD bouncing around in range bound trading

by FX Empire | April 4, 2018 6:38 am
The British pound has been very noisy during the trading session on Tuesday, as we continue to see a lot of noise in this market, just above the 1.40 level. That’s an area that has a certain...

EUR/USD shows signs of stagnation on Tuesday

by FX Empire | April 4, 2018 6:37 am
The EUR/USD pair has been very choppy over the last couple of sessions, as we await the jobs numbers on Friday, as it will obviously have a major influence on where the currency markets move next. There...

AUD/USD choppy as we await jobs numbers

by FX Empire | April 4, 2018 6:35 am
The Australian dollar has been very noisy during trading on Tuesday, as we continue to find resistance at the 0.77 handle. That area caused the market to pull back at least twice during the day, and it...

SPX Elliott Wave View: Further Weaknesses Likely

by elliottwave-forecast.com | April 3, 2018 2:59 pm
SPX Elliott Wave view suggests rally to 2801.90 on 3/13/2018 ended Primary wave ((X)). Decline from there is unfolding as a double three Elliott Wave structure where Intermediate wave (W) ended at 2585.89 and Intermediate wave (X) ended at 2674.22....

GBPUSD Elliott Wave View: Calling The Bounce Higher

by elliottwave-forecast.com | March 30, 2018 2:51 pm
GBPUSD Elliott Wave short-term sequence from 3/01 low (1.3709) ended as a Leading Diagonal structure in Minor wave 1 at 1.4248 high in 5 waves. Down from there, the pair is correcting that cycle in Minor wave 2 pullback in 3,...

Did Data scandal Sink Facebook, The Social Networking Website?

by elliottwave-forecast.com | March 30, 2018 2:33 pm
Facebook has been on the news lately when the world discovered that more than 50 million users had their personal data breached with the downloading of Kogan’s Application, a data harvesting route, which due to the lax...