CHF JPY Bullish Elliott Wave Sequence
In this article we will take a look at Elliott Wave structure of CHF JPY pair since the low at 4.16.2017. Move up from 4.16.2017 (107.67) to 5.25.2017 (115.16) was in 7 swings and completed wave (W)....
Category: Daily Forex Reports
High Frequency Trading and Elliott wave Theory
The development of computer technology and the Internet is perhaps the most important progress that shape and characterize the 21st century. The proliferation of computer-based and algorithmic trading breed a new category of traders who trade purely...
USD/JPY Forecast July 3, 2017, Technical Analysis
The US dollar went sideways against the Japanese yen during the Friday session, as we continue to grind around the 112 level. I believe that if we can break above the top of the range for the...
USD/CAD Forecast July 3, 2017, Technical Analysis
The US dollar initially fell during the Friday session, but you can see we are trying to fight to the upside. If we can break above the 1.30 level, that would be a bullish sign, and it...
GBP/USD Forecast July 3, 2017, Technical Analysis
The British pound found some pressure to the downside during the session on Friday, but quite frankly this has been in an explosive moved over the last couple of sessions, so a pullback is healthy. If we...
EUR/USD Forecast July 3, 2017, Technical Analysis
The EUR/USD pair pulled back slightly during the day on Friday, as one would expect as we had gotten overextended. A pull back the show signs of support should be a buying opportunity though, and that’s exactly...
AUD/USD Forecast July 3, 2017, Technical Analysis
The Australian dollar rallied initially during the day, testing the 0.77 level above. We pulled back though, and now looks like the 24-hour exponential moving average is trying to offer dynamic support that should push the market...
EURJPY Elliott Wave View: Pullback Started
Short term EURJPY Elliott Wave view suggests the decline to 122.35 on 6/15 low ended Intermediate wave (X). Rally from there is unfolding as an impulse Elliott Wave structure with extension. This 5 wave move could be a wave A of...
USDX Elliott Wave View: Showing Impulse
Short term Elliott wave view in USDX suggest that the cycle from 6/20 peak (97.88) is unfolding as an impulsive Elliott wave structure . This 5 wave move could be a wave A of an Elliott wave zigzag structure structure or a wave C...
GBPUSD Countertrend Play (Jun 30, 2017)
The ascending channel on Cable’s daily time frame is still intact and price is heading towards the resistance around 1.3400. A countertrend opportunity could arise if reversal candlesticks form around this area. In that case, a move...