Tag: Forex Daily

Elliott wave analysis of EUR/NZD for September 24, 2018

EUR/NZD should stay above the peak of red wave i at 1.7488 for the next impulsive rally towards 1.8031. If an unexpected break below 1.7488 is seen, the we will have to make a recount of the rally from 1.6534 and count the rally as a series of waves on…

Elliott wave analysis of EUR/JPY for September 24, 2018

EUR/JPY has rallied nicely and is well underway towards 134.07 and above towards the 136.06 – 136.50 zone. In the short-term, we expect support near 131.99 to be able to protect the downside for the next push higher towards 134.07. Support at 131.99 sh…

Fundamental Analysis of EUR/USD for September 24, 2018

EUR/USD has been quite impulsive with the recent bullish gains which lead the price to reside at the edge of 1.1750 after certain bearish retracement on Friday. USD struggle has been extended further which might lead to further bullish momentum in the …

Global macro overview for 21/09/2018

The PMI reading for the Eurozone confirmed what was obvious after the data from Germany and France was published. The mood in the industrial sector has deteriorated, which is not beginning to be reversed. It is just the opposite. The index for Eurozone…

Global macro overview for 21/09/2018

Statistics Canada reports that the Canadian Retail Sales in July are growing by 0.3% in monthly terms to the level of $ 50.9 billion due to higher sales of food, beverages and fuels. Market measurements that exclude the most volatile components of sale…

Control zones of EUR / USD pair for September 21

Yesterday, the implementation of the priority upward model that allowed the pair to gain a foothold above the determining level of resistance at 1.1707. Any depreciation should be regarded as a correction. Strong growth during the Thursday European and…