Forex News and Analysis That Make the Difference
Interval: H4 Using some basic principles from Elliott Wave Theory we can determine a possible reversal zone in the 1.3590 - 1.3645 area. Counting the waves from the 4th of January bottom until now we can observe that the price is on the 5th … [Continue reading]
Interval: H4 Considering the state of economy in Japan, the Yen is still strong. Even if the economical politics will change in 2014 by implementing monetary easing, similar to what FED has imposed in the US. By looking at the chart we can … [Continue reading]
Inverval: H1 GBPUSD walks on a thin line. 1.6000 level is holding for the moment pretty well, but if the pressure will rise, it might fall, under it the price will find support at 1.5920. On the other hand, if the buyers will prove … [Continue reading]
Interval: H1 After a very strong move, triggered by the optimism that Mario Draghi had during the press conference, the EURUSD, seems to have taken a break. It consolidated in a rectangle pattern, and it has a good probability to break … [Continue reading]
Interval: H4 I would go with an up break, the RSI has broken the down trend line, and got out of the triangle. But this would mean that Draghi will sustain the Euro. Keeping the interest rate at the current level, but also he would have to … [Continue reading]
Interval: Daily The price of the Hewlett Packard stocks has formed a pretty nice Inverted Head and Shoulder. After it broke its base, retested it. This can make a very nice trading setup. If the price will pass over the last top, it will … [Continue reading]
Interval: H1 The EUR/JPY has formed a very interesting symmetrical triangle. Even though, the price has braked the trend line, this pattern may very well announce the continuation of the up move. A break over the upper line of the triangle … [Continue reading]
Interval: H1 EURUSD has rejected from the 1.3 key level, as expected. It retested 1.3080 and continued the consolidation between the levels that I have mentioned. This start of the week seems to be quite calm, nothing important that could … [Continue reading]
