NZDUSD made five waves of decline from 0.8834 high, which has been high for the year so far. Well, this peak may stay there for some time now as impulsive decline like this confirms a change in trend...
The S&P 500 rose during the course of the week, breaking out to a fresh new high. Because of this, we are very bullish of the S&P 500 and believe that we will eventually hit our longer-term target of 2000...
The NASDAQ rose during the course of the week, using the 4300 level as work. We closed at the very top of the range, and although you could make an argument for a “double top”, we feel that the market has enough momentum underneath to continue going higher...
The S&P 500 pulled back initially during the week, but found significant support just below the 1960 level...
Analysis for July 21st, 2014 DJIA Index Possibly, Index is reversing. Earlier price formed skewed triangle pattern inside wave (4) and then completed the fifth one. Probably, after local correction, instrument may continue falling down inside wave (A...
EURUSD has turned lower at the start of the month from around 1.3700 where we see a completed three wave rally on the smaller time frames. Three wave patterns are corrective within ongoing trend so we believe that EURUSD will continue to fall in coming weeks, maybe even back to 1...
EUR/USD Weekly “Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. 1.3750 is an important reference point (year open).” “1.3670/85 is a level that should inspire a reaction (selling). How the market reacts at that level will help in assessing the next move...
Geo-political issues, which attracted the most attention at the end of this week, lifted the dollar and the yen up. US housing and inflation data, British GDP are among the main events on the forex calendar this week...
USDCHF broke to the upside in this week, above 0.8955 and extended gains with accelerating price action to 0.8980 that can be wave (iii) as part of a new five wave bullish cycle. In that case we see room for a push up to 0.9050/0.9070 area that can be reached by the end of July...
Bloomberg reporting from their sources that real money and leveraged investors were strong buyers of EURUSD between 1.3513-20 in the Asian session Currently 1.3521 with large option expiries aroud the price later today so we should expect the range to be tight with plenty of sellers around too...
Analysis for July 17th, 2014 DJIA Index Probably, Index has completed its bullish impulse inside wave [3]. On minor wave level, after finishing triangle pattern inside wave (4), price has formed impulse inside the fifth wave...
The Conference Board's leading economic index for Australia added 0.2 percent in May. That follows the downwardly revised 0.2 percent contraction in April (originally -0.1 percent). With May's increase, the six-month growth rate in the leading economic index improved to 2.1 percent (about a 4...
The GBP/USD pair fell during the bulk of the week, but did get a little bit of a bounce towards the end of the 1.71 level. That being the case, it appears that the market is still ready to continue going higher, and we believe that the 1...
NZD/USD Technical Strategy: Flat Support: 0.8733, 0.8669, 0.8618 Resistance:0.8779-93, 0.8835-42, 0.8886 The New Zealand Dollar broke downward against its US counterpart, dropping to the lowest level in a week. Sellers are aiming to test support at 0.8733, the 23...
EURUSD has turned sharply to at the start of July, a move that can be considered as an impulse. Pair also took out the trendline connected from the lows which is a bearish signature for this pair if we consider that this line turned into a resistance...
The NZD/USD pair broke above the 0.88 level during the previous week, suggesting that a break out was in the process of happening. If we can break above the top of the range for the week, we believe that this market will continue to head towards the 0.90 level...
USD/CAD pair bounced hard off of a trend line during the week, especially perpetuated by the move on Friday. The Friday move of course was brought on by an extremely horrible Canadian employment announcement...
The USD/JPY pair fell during the bulk of the week, testing the 101 level yet again. This level has been supportive for quite some time though, essentially the entirety of the year 2014. With that being the case, the market could bounce from here and that’s essentially what we expect...
The silver markets initially fell during the week, but found the $21.40 level to be supportive enough to turn things back around and form a hammer. We believe that the market will ultimately break above the $22 level, and if we get above there we go all the way to the $25 handle...
