EURUSD Weekly Analysis – August 12, 2017
EURUSD stays in a bullish price channel on its daily chart and remains in the uptrend from 1.0569. As long as the price is in the channel, the pullback from 1.1909 could be treated as consolidation of...
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USD/JPY Forecast August 14, 2017, Technical Analysis
The US dollar did bounce around during most of the day on Friday as the 109 level seems to be attracting a lot of attention. This has been a very volatile currency pair, mainly due to the...
USD/CAD Forecast August 14, 2017, Technical Analysis
The US dollar fell against the Canadian dollar on Friday, slicing through the 1.27 level again. The market is taking a bit of a break after several attempts to the upside, and I think that a pullback...
GBP/USD Forecast August 14, 2017, Technical Analysis
The British pound went back and forth during the day on Friday, initially trying to break above the 1.30 level, but then found enough resistance to turn around yet again. Ultimately, I think that the market should...
EUR/USD Forecast August 14, 2017, Technical Analysis
The EUR/USD pair initially dipped lower during the day on Friday, but then shot higher impulsively during the American session. It looks as if the market is trying to find its footing, and eventually should go looking...
AUD/USD Forecast August 14, 2017, Technical Analysis
The Australian dollar has been very volatile during the Friday session, initially dipping to a fresh, new low, and then exploding to the upside. I think this market is trying to find some type of a longer-term...
Top 3 Technical Tools Part 2: Relative Strength Index (RSI)
By Elliott Wave International “There are many different forms of technical analysis. A completed Elliott wave pattern supported by additional evidence allows for more confident forecasts and higher probability trades.“ – Jeffrey Kennedy Trader and technical analyst...
USD/JPY Forecast August 11, 2017, Technical Analysis
The USD/JPY pair broke down during the session on Thursday, slicing through what little bit of support we had seen at the 109.50 level. I believe that it’s only a matter of time before the sellers return...
USD/CAD Forecast August 11, 2017, Technical Analysis
The US dollar initially tried to rally against the Canadian dollar, but then pulled back rather drastically. However, later in the day we are starting to see the market rally again, and it looks like we are...
GBP/USD Forecast August 11, 2017, Technical Analysis
The GBP/USD pair initially fell on Thursday but found enough support near the 1.2950 level to bounce back towards the 1.30 handle. I think at this point in time, you’re probably best off sitting on the sidelines...