EUR/USD Forecast September 11, 2017, Technical Analysis
The EUR/USD pair tried to rally during the day on Friday, but gave back the gains to form a less than impressive close to the day. I believe that the market will find a bit of support...
Category: Daily Forex Reports
AUD/USD Forecast September 11, 2017, Technical Analysis
The AUD/USD pair had a volatile session during the session on Friday, reaching as high as 0.81, and then fell significantly. I believe that the 0.0 level underneath continues to be massively supportive, as it was massive...
GBPUSD Elliott Wave View: More Upside
GBPUSD Short Term Elliott Wave view suggests that the rally from 8/24 low is unfolding as an impulse Elliott Wave structure. Up from 8/24 low (1.2773), Minor wave 1 ended at 1.2979 and Minor wave 2 ended at 1.2851. Minor...
USD/JPY Forecast September 8, 2017, Technical Analysis
The US dollar fell against the Japanese yen during the session on Thursday, testing the 108.50 handle. This is an interesting level for me, as it is the bottom of longer-term consolidation. If we close below this...
USD/CAD Forecast September 8, 2017, Technical Analysis
The US dollar fell slightly during the day against the Canadian dollar on Thursday as we continue to see the fallout from the surprise interest rate hike in Ottawa. Longer-term, I believe that the market is going...
GBP/USD Forecast September 8, 2017, Technical Analysis
The British pound went sideways during the day on Wednesday, and then shot to the upside. The 1.31 level above has offered resistance, but it looks like we are ready to break out to the upside. Being...
EUR/USD Forecast September 8, 2017, Technical Analysis
The EUR/USD pair went sideways initially on Thursday, and then broke above the 1.20 level, after Mario Draghi had his press conference. Ultimately, I think it’s only a matter of time before we go higher, but short-term...
AUD/USD Forecast September 8, 2017, Technical Analysis
The Australian dollar initially fell on Thursday but turned around to break above the 0.80 level again. This is a very significant break out, as we have made a “higher high” in a market that’s trying to...
Gold Soars Above $1300 as Concerns Mount
Gold has tested $1300 level 3 times since April and it finally broke above the level on Monday and rose to the highest level this year. The trigger of the break seems to be the North Korea...
AUDUSD Elliott Wave View: Bullish above 0.787
AUDUSD Short Term Elliott Wave view suggests that the rally from 8/15 low is unfolding as a double three Elliott Wave structure. Up from 8/15 low, Minute wave ((w)) ended at 0.79957 and Minute wave ((x)) ended at 0.7868. Minute...