NZDUSD Technical Analysis 29 March 2017

by elliottwave-forecast.com | March 30, 2017 3:20 pm
1 Hour Elliott Wave Analysis: NZDUSD is currently in a Elliott Wave double ((w))-((x))-((y)) correction lower on the 1 hour timeframe and we expect red wave X to terminate in the 0.6967 – 0.6943 area where the...

USDJPY Elliott wave View: Flat correction

by elliottwave-forecast.com | March 30, 2017 8:46 am
Short term Elliott Wave view in USDJPY suggests that cycle from 3/10 peak (115.53) has ended with Minor wave A at 110.589. Decline from 115.53 is unfolding as a 5 waves impulse Elliott wave structure with an extension where...

USDJPY Elliott wave View: Ending a cycle

by elliottwave-forecast.com | March 29, 2017 8:49 am
Short term Elliott Wave view in USDJPY suggests that cycle from 3/10 peak (115.53) has ended with Minor wave A at 110.07. Decline from 115.53 is unfolding as a 5 waves impulse Elliott wave structure with an...

USD may stay soft in near term

by elliottwave-forecast.com | March 29, 2017 8:34 am
Although the Fed is in the rate hike cycle, USD rally started to lose momentum early this year when market started to realize that monetary policy divergence started to narrow. ECB has started to talk about rate hikes,...

USDCHF Intraday Elliott Wave View

by elliottwave-forecast.com | March 28, 2017 1:32 pm
USDCHF decline from 3/7 (1.0170) high to 3/22 (0.9879) low could be viewed as a 5 swing move that we have labelled as Elliott wave ((a)). Bounce to 0.9960 was a three move and completed Elliott wave ((b))....

USDJPY Elliott wave View: Extension lower

by elliottwave-forecast.com | March 28, 2017 8:54 am
We are taking the more aggressive view in USDJPY and calling the rally to 115.48 on 3/10 as Intermediate wave (B). Decline from there is unfolding as a 5 waves impulse Elliott wave structure with an extension in wave 3....

AUDUSD Technical Analysis: Bullish Pattern

by elliottwave-forecast.com | March 24, 2017 10:17 am
AUDUSD found a possible bottom in December 2015 and has bounced higher. The pair has tried to test the December 2015 low but has been rejected twice, once in May 2016 and the second time in December...

USDJPY Elliott wave View: More downside

by elliottwave-forecast.com | March 24, 2017 8:00 am
We are taking the more aggressive view in USDJPY and calling the rally to 115.48 on 3/10 as Intermediate wave (B). Decline from there is unfolding as a 5 waves impulse Elliott wave structure with an extension in wave 3....

AUDUSD Elliott Wave View: Pullback in progress

by elliottwave-forecast.com | March 24, 2017 7:46 am
AUDUSD is showing 5 swings sequence from 12/23/2017 low after it managed to break above 02/23 peak so the sequence is bullish against Intermediate wave (X) low (0.7487). The pair did 5 waves impulsive move from 03/09 low  in Minute wave ((a)) which...

Trading with Elliott Waves Doesn’t Have to Be Complicated

by ForexCycle.com | March 23, 2017 12:02 am
By Elliott Wave International Jeffrey Kennedy, a recognized expert in Elliott wave analysis and forecasting, explains why the Wave Principle is such a reliable and powerful way to forecast the financial markets. Jeffrey stresses that if you...