NZDJPY Double Bottom Breakout (Jun 09, 2017)
NZDJPY could be in for a long-term climb as it broke past the neckline of its double bottom pattern on the daily time frame. Price was unable to break below the 75.00-75.50 area in its last two...
Category: Daily Forex Reports
AUDUSD Elliott Wave Analysis: Mature Cycle
Revised short term AUDUSD Elliott Wave view suggests the rally from 5/9 low is unfolding as a leading diagonal Elliott Wave structure. Up from 5/9 (0.7325) low, Minute wave ((i)) ended at 0.7517, Minute wave ((ii)) ended at 0.7368, and Minute...
USD/JPY Forecast June 9, 2017, Technical Analysis
The USD/JPY pair did exactly what I would expect it not to do during the day on Thursday, dropping down and then finding plenty of support. We have broken above the 110 level, and it now looks...
USD/CAD Forecast June 9, 2017, Technical Analysis
The US dollar fell a bit against the Canadian dollar during the session on Thursday, but found enough support near the 1.3480 level to turn things around and start going higher again. After the impulsive move on...
GBP/USD Forecast June 9, 2017, Technical Analysis
The British pound fell during most of the session on Thursday, as the election of Parliament took center stage. Currently, it appears that the Conservative party will probably pick up a few seats, and therefore we are...
EUR/USD Forecast June 9, 2017, Technical Analysis
The Thursday session was very interesting in the EUR/USD pair, as we fell significantly, reaching towards the 1.12 level. However, as we go into the later part of the day, looks as if the buyers are trying...
AUD/USD Forecast June 9, 2017, Technical Analysis
The Australian dollar has been less than impressive during the session on Thursday, as the market looks likely to roll over a bit from here. If you use a little bit of imagination, you can see a...
AUDUSD Elliott Wave View: Near Pullback
Short Term AUDUSD Elliott Wave view suggests the rally from 5/9 low is unfolding as a double three Elliott Wave structure. Up from 5/9 (0.7325) low, Minute wave ((w)) ended at 0.7517 and Minute wave ((x)) ended at 0.7368. Pair has...
USD/JPY Forecast June 8, 2017, Technical Analysis
The US dollar has chomped around during the session on Wednesday, against the Japanese yen. Because of this, looks as if the market is trying to find some type of stability just above the 109 level, and...
USD/CAD Forecast June 8, 2017, Technical Analysis
The USD/CAD pair initially went sideways during the session on Wednesday, and even managed to drop down to the 1.3425 handle at one point. Having said that, the market then broke out to the upside after the...