German DAX Eyeing 12200/11600 Area – Elliott Wave Analysis
DAX has recently found a high for a higher degree wave I at 13318 level, so latest price activity can be part of a three-wave correction within a wave II. We see leg A of II as completed, so recent...
EUR/JPY Tests 200– Hour SMA
The single Eurozone currency declined by 62 pips or 0.49% against the Japanese Yen on Monday. The currency pair tested the 200– hour simple moving average at 125.47 on Tuesday morning. If the support line formed by the 200– hour...
Market Morning Briefing: EURJPY Has Fallen Sharply From 126.75
STOCKS Equities remain mixed and seem to need some fresh trigger to gain momentum and move up sharply from here. Dow continues to remain stable below 28000. A strong rise past 28200 is needed to avoid a corrective fall from...
USD/TRY Outlook: Lira Continues To Fall, 7.50 Level Is Coming In Focus
The pair continues to rise and hit new all-time high at 7.3951 on Monday. Bulls extend into fourth straight week, registering 10.3% advance in the first half of August. Lira came under increased pressure after correction from previous record high,...
Oil Remains Stable
On Monday, August 17th, Brent is rising a little bit and looking pretty stable. It is trading at $44.98 USD, without significantly changing borders of the range, inside which it has been moving recently. A positive factor for the oil...
AUD/CAD 4H Chart: Bulls Could Continue To Prevail
The AUD/CAD exchange rate has been trading within an ascending channel since the beginning of June. From a theoretical perspective, it is likely that some upside potential could prevail, and the currency pair could continue to appreciate in the medium...
AUD/CHF 4H Chart: Falling Wedge Pattern In Sight
The AUD/CHF currency pair has been trading within a falling wedge pattern since the middle of July. From a theoretical point of view, it is likely that the exchange rate could continue to decline within the given pattern within the...
NZD/JPY 4H Chart: Decline Likely To Continue
The New Zealand Dollar has been depreciating in a descending channel pattern against the Japanese Yen since the middle of July. The currency pair breached the 70.00 mark last week. As for the near future, the exchange rate will most...
NZD/CAD 4H Chart: Breakout Occurs
The New Zealand Dollar has declined by 3.98% against the Canadian Dollar since July 31. A breakout occurred through the lower boundary of an ascending channel pattern during this week’s trading sessions. Given that a breakout had occurred, the exchange...
NZDUSD Favours Trend Reversal Scenario
NZDUSD changed course to the downside this month, printing lower highs and lower lows after peaking at a new 8-month high of 0.6714 in the four-hour chart. Besides the negative price action, the bearish cross registered between the 20- and...
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