Microsoft Reaching Extreme Area
Microsoft stock (NASDAQ: MSFT) is showing 3 swings from all time lows and approaching the equal legs area ( 75 – 96 ) where a correction can be seen, but the move from 2009 low could still extend...
Category:
Dow Futures Elliott Wave View: 3 waves pullback
Short term Dow Futures (YM_F) Elliott Wave view suggests that rally from 6/29 low is unfolding as a a double three Elliott wave structure. Up from 6/29 low (21138), Minor wave W ended at 22132 and pullback to 21790...
GBPUSD Is Facing Major Support Trend Line
GBPUSD pulled back from the August 3 high of 1.3267 and dropped sharply to 1.2845 area after failing in its attempt to break above 1.3444 resistance. On the upside The GBPUSD pair is now facing the support...
USD/JPY Price Forecast August 16, 2017, Technical Analysis
The USD/JPY pair broke out to the upside during the session on Tuesday, slicing through 110 like it wasn’t even there. That is a very bullish sign, and I believe that we could continue to see some...
USD/CAD Price Forecast August 16, 2017, Technical Analysis
The US dollar rallied significantly during the Tuesday session against the Canadian dollar, as we continue to see bearish pressure on the oil markets. Because of this, I believe that the market is going to continue the...
GBP/USD Price Forecast August 16, 2017, Technical Analysis
The British pound fell apart during the session on Tuesday, slicing through the 1.2950 level finally. It now looks as if the 1.2850 level will be support, and if we can break below there things could get...
EUR/USD Price Forecast August 16, 2017, Technical Analysis
The EUR/USD pair fell rather significantly during the session on Monday, and accelerated to the downside after the US retail sales figures candle stronger than anticipated. However, looks as if the 1.17 level is trying to hold,...
AUD/USD Price Forecast August 16, 2017, Technical Analysis
The Australian dollar initially tried to rally on Tuesday, but found enough resistance at the 0.7875 level to turn around and continue to fall. I believe the gold markets are going to continue to suffer, as the...
EURUSD Short-Term Downtrend (Aug 16, 2017)
EURUSD is starting to trend lower and move inside a descending channel formation. Price is bouncing off support and might be due for a test of the resistance at the 1.1800 major psychological level. The 100 SMA...
USDCAD Daily Analysis – August 16, 2017
After consolidation, USDCAD broke above 1.2752 resistance and continued its bullish movement to as high as 1.2778. Key support is at 1.2650, as long as the price is above this level, the upside movement could be expected...