OIL ( CL_F ) Elliott Waves forecasting the rally
Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave chart of OIL ( CL_F ) published in members area. In further text we’re going to explain the...
Category: Daily Forex Reports
SPX500 Bullish Elliott Wave Sequence
SPX500 move up from 3/27 (2322) low is proposed to be unfolding as a double three Elliott wave structure when rally to 6/19 (2453) completed wave W and dip to 6/29 (2405.74) completed wave X. Up from there, Index rallied...
NASDAQ Composite Index should pullback soon
The following chart shows NASDAQ composite index. The index has a tremendous rally since the lows around 1975 which is pretty close to the zero level. The index has reached the bottom of the blue box at 6219...
DAX Elliott Wave View: More Downside
Short term DAX Elliott Wave view suggests the decline from 5/15 high is unfolding as a double three Elliott wave structure. Down from 5/15 peak, Primary wave ((W)) ended at 12303 as a Flat and Primary wave ((X)) bounce ended at 12672....
USD/JPY Price Forecast August 1, 2017, Technical Analysis
The US dollar initially tried to rally against the Japanese yen on Monday, but then rolled over at the 110.75 level. We reach back towards the 110.50 level where we started to see a bit of support,...
USD/CAD Price Forecast August 1, 2017, Technical Analysis
The US dollar rallied against the Canadian dollar right off the bat during the Monday session, and then went sideways. Then we would reach towards the 1.25 level above, which is a psychologically important level in this...
GBP/USD Price Forecast August 1, 2017, Technical Analysis
The GBP/USD pair initially fell on Monday, as we drifted down towards the 1.31 level underneath. However, as the Americans came on board we ended up seeing the British pound explode to the upside, and break out...
EUR/USD Forecast August 1, 2017, Technical Analysis
The EUR/USD pair initially dipped on Monday, but found enough support at the 24-hour exponential moving average to turn around and explode to the upside. We have now broken out, as the 1.1750 level offered a significant...
AUD/USD Price Forecast August 1, 2017, Technical Analysis
The Australian dollar went sideways during the Monday session, as we continue to see a lot of noise around the 0.80 handle. This is a level that goes back decades on the chart, and it causes quite...
GBPUSD Countertrend Play (Aug 01, 2017)
GBPUSD has been trending higher and moving inside an ascending channel on its daily time frame. Price is making its way to the top of the channel and could be due for a bounce off the 1.3300...