Category: Forex
Update on USD/JPY and EUR/JPY
USD/JPY – Has closed above its minor resistance-line, which is the first serious signal that wave 4 finished at 80.31 and we should now be looking for a break above 81.20 to confirm the bottom at the next rally higher towards 84.17 and 85.50.Prot…
Forex News – Sterling rises after UK inflation accelerated in March
The British pound rose against the dollar after the United Kingdom inflation report. The much [...]
Elliott wave and technical analysis on the VIX-Index; DJI; SSEC and Apple
VIX Index – Here I’m still looking for more upside pressure in the coming weeks/months.The first minor target is 21.56, but longer term I’m looking for at least a test of 26.85 that should mean more pressure on DJI, S&P 500 ect. Dow Jone…
Elliott wave on EUR/USD; USD/JPY and GBP/USD
EUR/USD (Monthly) – Overall we are in a rising channel. After testing the top of the channel at 160.38 in July 2008 ending wave [C] of a major correction, which began way back in March 1985. After testing the top at 160.38 we have seen …
Forex Asia Review – Euro slides ahead of Spain debt sale
EURUSD pulled back in the Asian session after a sharp rally in the previous session [...]
Forex Market Review – EURUSD rebounds after US retail sales data
The euro rebounded during the US trading session after briefly breaking below the key $1.30 [...]
Forex Market Review – Euro hovers at $1.30
Euro steadied against the dollar in the European trading session after sharply declining since Friday [...]
Forex News – EURUSD breaks below $1.30
The euro extended its fall against the dollar to break through the psychological barrier of [...]
Elliott wave and technical analysis on EUR/USD; USD/JPY; GBP/USD; EUR/JPY and EUR/TRY
EUR/USD – Is again at the S/H/S neckline near 130.10. Looking at the bigger picture (see the upper chart) we can see that this S/H/S top is just part of an possible even bigger S/H/S top with neckline support near 126.50.I would now like to see s…
Forex Asia Review – EURUSD drops to one-month low
The euro slipped further against the dollar to a one-month low, as risk was off [...]
