GBP/USD Forecast July 27, 2015, Technical Analysis
The GBP/USD pair fell during the course of the session on Friday, but found enough support below the 1.55 level in order to form a hammer. The hammer of course is a sign of support, and as...
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EUR/USD Forecast July 27, 2015, Technical Analysis
The EUR/USD pair initially fell during the course of the session on Friday, but found enough support near the 1.09 level to turn things back around and form a hammer. However, the hammer is sitting just below...
AUD/USD Forecast July 27, 2015, Technical Analysis
The AUD/USD pair fell slightly during the session on Friday, but as you can see bounced a bit in order to form a hammer like candle. This coincides very nicely with the gold markets, as it looks...
How to Use the Stochastic Oscillator
By Elliott Wave International The stochastic oscillator is a technical tool that was popularized by George Lane. It is a momentum indicator based on the idea that in an uptrending market the close tends to be near...
USDCAD Weekly Analysis – July 26, 2015
USDCAD’s upward movement from 1.1919 extended to as high as 1.3102. Further rise could be expected, and next target would be at 1.4000 area. Near term support is at 1.2900, as long as this level holds, the...
USDJPY Weekly Analysis – July 26, 2015
USDJPY stays in the upward price channel on daily chart, and remains in the long term uptrend from 75.57 (Oct 31, 2011), and the fall from 125.85 could be treated as consolidation of the uptrend. Further rise...
AUDUSD Weekly Analysis – July 26, 2015
AUDUSD’s downward movement from 0.8162 extended to as low as 0.7259. Further decline is still possible, and next target would be at 0.7000 area. Near term resistance is at 0.7500, only break above this level could bring...
GBPUSD Weekly Analysis – July 26, 2015
GBPUSD continued its sideways movement in a range between 1.5170 and 1.5929. Key support is at 1.5170, as long as this level holds, the the price action in the range could be treated as consolidation of the...
EURUSD Weekly Analysis – July 26, 2015
After touching 1.0819 support, EURUSD rebounded from 1.0808, indicating that the pair remains in uptrend from 1.0462, and the price action in the trading range between 1.0819 and 1.1467 could be treated as consolidation of the uptrend....
USD/JPY Forecast July 24, 2015, Technical Analysis
The USD/JPY pair went back and forth during the course of the session on Thursday, as we continue to grind just below the 124 handle. With this, we feel that the market will eventually find enough support,...