EUR/USD Forecast July 12, 2017, Technical Analysis
The EUR/USD pair went sideways initially during the day on Tuesday, as we continued to tread water just below the 1.14 handle. We did break out to the upside, but as I write this, we are still...
Category: Daily Forex Reports
AUD/USD Forecast July 12, 2017, Technical Analysis
The AUD/USD pair initially tried to rally during the day on Tuesday, but found the 0.7625 level to be resistive again. However, when I look at the chart overall, looks as if we are trying to form...
NZDUSD Short-Term Retracement (July 12, 2017)
NZDUSD recently broke below support at the .7250 minor psychological level and dipped close to the .7200 handle before showing signs of a correction. Applying the Fib tool on the latest swing high and low on the...
Nikkei (NKD #F) Forecasting the rally & buying the dips
Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave chart of Nikkei (NKD #F) . In further text we’re going to explain our view and the Elliott...
USDJPY Elliott Wave View: Bullish Against 112.86
Short term USDJPY Elliott Wave view suggests the pullback to 111.7 low on 6/29 ended Minor wave X. Up from there, wave Y is unfolding as an Elliott wave zigzag structure where Minute wave ((a)) ended at 113.68 and Minute wave ((b)) ended...
USD/JPY Forecast July 11, 2017, Technical Analysis
The US dollar rose against the Japanese yen at the beginning of the Asian session on Monday, but once the Europeans and the Americans came on board, it became very quiet. A lot of this may be...
USD/CAD Forecast July 11, 2017, Technical Analysis
The US dollar initially rallied against the Canadian dollar, but found a bit of resistance near the 1.2930 level. We rolled over there, which is interesting because it was previously supportive. However, later in the day we...
GBP/USD Forecast July 11, 2017, Technical Analysis
The British pound initially tried to rally against the US dollar on Monday, but found enough resistance near the 1.29 level, and therefore fell a bit. We found support at the 1.2850 level, but it looks as...
EUR/USD Forecast July 11, 2017, Technical Analysis
The EUR/USD pair continues to dance around the 1.14 level during the day on Monday, and should continue to do so today. The market doesn’t look like it’s ready to make much in the way of movement,...
AUD/USD Forecast July 11, 2017, Technical Analysis
The Australian dollar initially tried to rally on Monday, but turned around at the 0.76 level to fall to the 0.7580 level. We hardly gone anywhere during the day though, and I believe the Australian dollar is...