Elliott Wave Forecast: USDCHF Dips Can See Support

by elliottwave-forecast.com | April 8, 2020 3:47 pm
Elliott Wave View suggests USDCHF rally from March 9 low is unfolding as 5 waves impulse structure. Up from March 9 low, wave ((1)) ended at 0.9889, and wave ((2)) pullback is proposed complete at 0.9497. Internal...

Elliott Wave View: EURJPY Has Resumed Lower

by elliottwave-forecast.com | April 3, 2020 3:41 pm
Short term Elliott Wave view in EURJPY suggests the decline from January 14, 2020 high is unfolding as a 5 waves impulse structure. Down from Jan 14 high, wave (1) ended at 116.13 and wave (2) bounce...

Elliott Wave View: EURAUD Can See More Downside

by elliottwave-forecast.com | April 2, 2020 3:55 pm
EURAUD shows incomplete sequence from March 19, 2020 high, favoring further downside. The internal of the decline from March 19 (1.98) high is unfolding as a double three Elliott Wave structure. Down from 1.98 high, wave ((W))...

Elliott Wave View: EURUSD Bounce May Extend

by elliottwave-forecast.com | April 1, 2020 4:20 pm
EURUSD shows an incomplete sequence from Feb 16, 2018 high favoring further downside while below March 9 high (1.1496). Near term, the decline from March 9, 2020 high (1.1496) ended wave ((1)). Bounce in wave ((2)) is...

SEKJPY Breaks below September 2019 to Resume The Decline

by elliottwave-forecast.com | April 1, 2020 4:18 pm
Back in October 2019, we mentioned that SEKJPY had reached extreme area down from September 2017 peak and should bounce soon in 3 or 7 swings which should fail for more downside. In this article, we will...

EURGBP : Will the Pair Bounce Higher?

by elliottwave-forecast.com | March 31, 2020 4:06 pm
EURGBP Technical Analysis March 30/2020 EURGBP : There are clear visible bullish market patterns on the 1 hour chart but traders will still need to wait for more confirmation that a bottom will form and for price...

CADJPY May See More Downside After BOC Cut Rates

by elliottwave-forecast.com | March 30, 2020 4:21 pm
On Friday, Bank of Canada (BOC) made another rate cut for the third time this month. The central bank lowered the interest rate by 50 basis points to 0.25%. This unscheduled rate cut is intended to provide...

EURGBP Elliott Wave: Pair May Find Buyers Soon

by elliottwave-forecast.com | March 30, 2020 4:18 pm
Bank of England (BOE) decided to leave interest rate unchanged at a record low of 0.1% last week. This allows EURGBP to correct from seven month highs. After reaching the high at 0.95, EURGBP pulled back to...

USDNOK Buyers Continue To Respect Blue Boxes

by elliottwave-forecast.com | March 23, 2020 4:34 pm
In this blog, we are going to take a look at the Elliottwave chart of USDNOK.  The chart from March 13 London update shows that the cycle from March 9, 2020 low unfolded as 5 waves impulsive...

USDJPY Elliott Wave View: More Upside Expected

by elliottwave-forecast.com | March 19, 2020 5:11 pm
Short term Elliott Wave view in USDJPY suggests that the rally from March 09, 2020 low is showing a higher high sequence favoring a move towards $112.45-$114.17 target area the upside. The internals of that rally is...