EURGBP Looking Lower – Elliott Wave Analysis
EURGBP can be unfolding a three-wave reversal from the highs, with recently completed leg B and now we see leg C in progress. Leg C is an impulse, meaning a five-wave drop must be seen, before we can regard it...
EURGBP Outlook: Narrow Consolidation to Precede Fresh Weakness as Euro Comes Under Fresh Pressure on Italy
The cross consolidates above new 3 1/2 month low at 0.8776 on Monday, with limited upside attempts, as Euro comes under fresh pressure on Italian budget concerns. Steep fall in past two week’s when the pair was down 2.1%, with...
Crude Oil Under Pressure
Pivot (invalidation): 74.60 Our preference Short positions below 74.60 with targets at 72.95 & 72.35 in extension. Alternative scenario Above 74.60 look for further upside with 75.20 & 75.60 as targets. – advertisement –
Comment The RSI broke below...
Silver Spot Turning Down
Pivot (invalidation): 14.6600 Our preference Short positions below 14.6600 with targets at 14.3400 & 14.2300 in extension. Alternative scenario Above 14.6600 look for further upside with 14.7700 & 14.8200 as targets. – advertisement –
Comment The RSI broke below...
USDJPY Outlook: Bullish Outlook above 200WMA But Initial Signs of Pullback Require Caution
The dollar edged lower after US jobs data but dips were contained at 113.63 (Thursday’s low) and just above initial support at 113.52 (rising 10SMA). Despite headline payrolls missed forecast in Sep, overall picture is positive as upward revision of...
Weaker NFP Boosted Euro but Overall Bears Keep Upticks Limited
The Euro bounced after weaker than expected US NFP data but gains were so far capped by daily cloud which twists today (1.1545) and attracts. Recovery might be short-lived as daily bears are firmly in play and US jobs data...
EURGBP Falls To Three-Month Low, Outlook Turning Bearish
EURGBP fell below an uptrend line taken from the lows of April 17 lately, and also crossed below its 200-day simple moving average (SMA), touching a fresh three-month low earlier on Friday. The pair’s medium-term outlook hence appears to be...
EURUSD Back Under Key 1.1500 Support Level
The euro is back under pressure below the 1.1500 level against the greenback as the US dollar starts to firm ahead of the release of the US Nonfarm Payrolls job report. The United States economy is expected to have created...
USDJPY Only Intraday Bearish Below 114.06
The US dollar is trading lower against the Japanese yen currency on Friday as traders square positioning ahead of today’s Nonfarm Payrolls job report from the US economy. The USDJPY pair is intraday bearish while trading below the 114.06 level,...
USDJPY Outlook: Bulls In Play Above 200WMA, US NFP Data To Provide Fresh Direction Signal
Thursday’s close in in red on pullback from double upside rejection at 114.54 (11-month high) was so far seen as positioning for fresh advance, as dip found footstep above initial support at 113.52 (rising 10SMA). Overall picture remains biased higher...
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