AUD/USD Forecast March 20, 2017, Technical Analysis
AUD/USD daily chart, March 20, 2017 The Austrian dollar rose on Friday, testing the 0.77 level. It looks as if we are going to try to break out to the upside given enough time, so I am...
Category: Daily Forex Reports
EURJPY Elliott Wave View: Correction in progress
Short term Elliott Wave view in EURJPY suggests that the decline to 118.18 on 2/24 ended Primary wave ((4)). Primary wave ((5)) is currently in progress higher and the rally from Primary wave ((4)) low at 118.18 is unfolding...
EURAUD Break and Retest (Mar 17, 2017)
EURAUD recently broke below its ascending channel on the 1-hour time frame and might be due for a pullback before heading further south. Applying the Fib tool on the latest swing high and low shows that the...
USD/JPY Forecast March 17, 2017, Technical Analysis
USD/JPY daily chart, March 17, 2017 The USD/JPY pair fell slightly during the day on Thursday as we continue to bounce around the 113 handle. I think if we can break down below here, the market will...
USD/CAD Forecast March 17, 2017, Technical Analysis
USD/CAD daily chart, March 17, 2017 The US dollar gains lightly against the Canadian dollar after falling precipitously on Wednesday. The 1.33 level offering support, and of course the fact that the oil markets looks so soft...
GBP/USD Forecasts March 17, 2017, Technical Analysis
GBP/USD daily chart, March 17, 2017 The British pound rose against the US dollar as we aim for the 1.24 handle above. That’s an area that should start a significant amount of resistance though, so I’m waiting...
EUR/USD Forecast March 17, 2017, Technical Analysis
EUR/USD daily chart, March 17, 2017 The EUR/USD pair had a fairly silent and stable day on Thursday as we continue to hover just above the 1.07 level. With a, less than overly hawkish comments coming out...
AUD/USD Forecast March 17, 2017, Technical Analysis
AUD/USD daily chart, March 17, 2017 The Australian dollar fell a bit during the session on Thursday, after having significant gains on Wednesday. The 0.77 level looks to be rather resistive, and I think that the resistance...
EURJPY Elliott Wave View: Pullback ended
Short term Elliott Wave view in EURJPY suggests that the decline to 118.18 on 2/24 ended Primary wave ((4)). Primary wave ((5)) is currently in progress higher and the rally from Primary wave ((4)) low at 118.18 is unfolding as...
GBPUSD Short-Term Downtrend (Mar 16, 2017)
Cable recently bounced off its long-term support at the 1.2100 major psychological mark and seems to be pulling up from its recent selloff. Applying the Fib tool on the latest swing high and low shows that the...