EURUSD found some support yesterday and is now testing the upper side of a corrective channel. As such, we need to be aware of an uptrend continuation as A-B-C corrective decline from 1.3710 may have already finished. However, recovery from latest swing low is still not in five waves, therefore we need to wait on more price data and time before bullish run for the EURUSD can be confirmed. Ideally, current recovery from 1.3350 will extend in five waves towards 1.3550 with a daily close above the trend-line that would confirm the bullish reversal we are waiting for.
More details with Chart (Elliott Wave Analysis & Count) http://bit.ly/WIdtMr
USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
-
Pivot: 78.35. Our preference: LONG positions above 78.35 with 78.65 & 78.75 in sight. Alternative scenario: The downside penetrati...
-
Elliott Wave Outlook For EURUSD and GBPUSD EURUSD EURUSD finally broke to the upside which was expected after few days of a sideways...
-
S&P 500 is trading nicely higher for the past few weeks, clearly in impulsive fashion form 1400 swing level. However market is approachi...
