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 ...
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AUD is weak today after unchanged rates decisions from the RBA members; 3.00%. However, there are speculations for further easing and poss... -
Pivot: 0.79. Our preference: LONG positions above 0.794 with 0.7975 & 0.7985 in sight. Alternative scenario: The downside penetration...
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Pivot: 0.825 Our preference: Short positions below 0.825 with targets @ 0.82 7 0.8175 in extension. Alternative scenario: Above 0.825 lo...