Will the Ethereum Crash Continue?
After hitting a highest record at 415, ETHUSD broke below the bullish price channel on its daily chart and fell sharply to as low as 175.50. Will the Ethereum crash continue? Let’s look into its 4-hour chart,...
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Down Dollar Down: Time for “UP”?
By Elliott Wave International Don’t rely on after-the-fact headlines. Our charts and forecasts explain how we got here — and where we’re going. Trading Forex: How the Elliott Wave Principle Can Boost Your Forex Success Learn how...
USD/JPY Forecast July 12, 2017, Technical Analysis
The USD/JPY pair has been bullish during the session on Tuesday, testing the 114.50 level. I still believe that the larger resistance is at the 115 handle, so if we can break above there, then I think...
USD/CAD Forecast July 12, 2017, Technical Analysis
The US dollar rose slightly against the Canadian dollar on Tuesday, as we await the Bank of Canada interest rate decision coming out today. It is anticipated that the BOC will raise rates, and if they don’t,...
GBP/USD Forecast July 12, 2017, Technical Analysis
The GBP/USD pair initially tried to rally during the session on Tuesday, but found quite a bit of selling pressure near the 1.2925 handle. This was based upon MPC Member Broadbent suggesting that perhaps monetary policy wasn’t...
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...
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...
USDCAD Daily Analysis – July 12, 2017
No changed in our view, USDCAD remains in downtrend from 1.3347, the bounce from 1.2859 could be treated as consolidation of the downtrend. Near term resistance is at the top trend line of the price channel on...
USDJPY Daily Analysis – July 12, 2017
USDJPY remains in uptrend from 108.81, the fall from 114.49 is likely consolidation of the uptrend. Near term support is at the bottom trend line of the price channel on its 4-hour chart. As long as the...