EURUSD Daily Analysis – July 3, 2017
EURUSD is facing 1.1450 resistance. Range trading between 1.1350 and 1.1445 would likely be seen in a couple of days. Near term support is at 1.1350 and the key support is at 1.1290. As long as these...
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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)....
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...
USDCAD Weekly Analysis – July 2, 2017
USDCAD’s bearish movement from 1.3793 extended to as low as 1.2946, breaking below 1.2968 (Jan 31 low) key support. As long as the pair is below the descending trend line on its daily chart, the downtrend could...
USDJPY Weekly Analysis – July 2, 2017
USDJPY is now in uptrend from 108.81. Further rise to retest 115.50 key resistance is possible in the coming days. A break of this level will signal resumption of the long term uptrend from 98.87 (Jun 24,...
AUDUSD Weekly Analysis – July 2, 2017
AUDUSD continued its upside movement from 0.7328 and the rise extended to as high as 0.7712, facing the resistance of 0.7749. A break of this level will confirm that the longer term uptrend from 0.7158 has resumed,...
GBPUSD Weekly Analysis – July 2, 2017
GBPUSD broke above 1.2870 resistance and is now facing 1.3047 resistance. A break of this level will confirm that the upward movement from 1.1987 has resumed, then next target would be at around 1.3200, followed by 1.3950....
EURUSD Weekly Analysis – July 2, 2017
EURUSD’s bullish movement from 1.0340 extended to as high as 1.1445, facing the 1.1450 key resistance. A clear break above this level will trigger a long term bullish movement towards 1.2700. Near term support is at the...
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...