GBP/USD Forecast October 14, 2016, Technical Analysis
The GBP/USD pair initially fell during the day on Thursday but turned right back around and form a bit of a hammer. The hammer of course is a bullish sign, but at this point in time there...
Category:
EUR/USD Forecast October 14, 2016, Technical Analysis
The EUR/USD pair initially fell during the course of the session on Thursday, breaking below the 1.10 level. However, we turned right back around to form a bit of a hammer and therefore I feel that we...
AUD/USD Forecast October 14, 2016, Technical Analysis
The Australian dollar fell significantly during the day on Thursday, reaching down towards the 0.75 level below, which of course is a fairly supportive and large number for the market to deal with. Ultimately, we ended up...
EURUSD Correction Setup (Oct 14, 2016)
EURUSD recently broke below its descending triangle support at 1.1130 and has dipped to a low of 1.0988 before showing signs of a pullback. Applying the Fib tool on the latest swing high and low shows that...
These 2 Debt Instruments Pose Peril to Millions of Investors
By Elliott Wave International Stay informed. Stay prepared. See what we see ahead for U.S. markets — now, via this risk-free offer to the Financial Forecast Service. ********* [Editor’s Note: The text version of the story is...
AUDUSD Daily Analysis – October 14, 2016
AUDUSD remains in downtrend from 0.7710, the rise from 0.7506 is likely consolidation of the downtrend. Resistance is located at the top of the price channel on 4-hour chart. As long as the channel resistance holds, the...
EURUSD Daily Analysis – October 14, 2016
EURUSD’s downward movement from 1.1279 extended to as low as 1.0985. Near term resistance is at 1.1080, as long as this level holds, the bounce from 1.0985 could be treated as consolidation of the downtrend. Further decline...
USD/JPY Forecast October 13, 2016, Technical Analysis
The USD/JPY pair broke higher during the course of the day on Wednesday, testing the 105 region. That’s an area that should continue to offer quite a bit of resistance though, so I think at this point...
USD/CAD Forecast October 13, 2016, Technical Analysis
The USD/CAD pair went back and forth during the course of the session on Wednesday, and as a result we did up forming a fairly neutral candle. This being the case, I feel that the market will...
GBP/USD Forecast October 13, 2016, Technical Analysis
The GBP/USD pair went back and forth during the course of the session on Wednesday, as we continue to drift slightly lower over the course of time. I believe that it’s only a matter time before the...