Category: General

General Forex information and blurb.

Elliott wave analysis of EUR/JPY for September 13, 2016

Wave summary:A low has been seen at 113.90 and we remain cautiously bullish for a break above minor resistance at 114.64 and more importantly above resistance at 115.95 for the next impulsive rally towards at least 118.47 and 122.00 as the next importa…

Daily analysis of GBP/USD for August 29, 2016

GBP/USD retraced from the highs posted around the 1.3258 resistance level and now we’re seeing a consolidation ongoing below the 200 SMA on H1 chart. The nearest support is located at the 1.3085 zone, where a rebound is expected to favour the correctiv…

Daily analysis of USDX for May 25, 2016

The index has been trading sideways, but it is favored by bulls in the short term. The next hurdle for the bullish bias would be the resistance zone of 95.68, where a breakout can push the USDX higher toward the 96.14 level. In another scenario, a pull…

Daily analysis of GBP/USD for December 01, 2015

On the H1 chart, GBP/USD found a temporary bottom around the psychological level of 1.5000. The current structure could be calling for more rallies towards the level of 1.5100, which is very close to the SMA 200 in this time frame. After that test, we …