Technical analysis of Forex market | Forex robots store

Elliott Wave View: DAX Starting Correction

Short-term Elliott wave view in DAX suggests cycle from October 6, 2021 low has ended as an impulse Elliott Wave structure. Up from October 6, wave 1 ended at 15781 and pullback in wave 2 ended at 15495.51. The Index...

AdminNov 23, 2021

Technical analysis of Forex market

US Dollar Index Outlook: Rising Hopes of Early Fed Rate Hhike

US Dollar Index The dollar is holding near the new highest in over 16 months on Monday, maintaining a positive tone on growing hopes that Fed may accelerate tapering stimulus and open way for earlier than expected rate hike, as...

AdminNov 22, 2021

Technical analysis of Forex market

EUR/USD Turns Red, Risk Of More Downsides

Key Highlights EUR/USD extended decline below the 1.1350 support zone. A connecting bearish trend line is forming with resistance near 1.1320 on the 4-hours chart. GBP/USD is still struggling to clear the 1.3500 resistance zone. Gold price started a downside...

AdminNov 22, 2021

Technical analysis of Forex market

GBP/AUD Breakout Below 1.8495 As Selling Is Underway

GBP/AUD technical analysis Bullish trend but resistance is reached. The price has reached historical sellers. Rejection below W H5. W H4 is possible target. Support order block. Historical sellers at order block. Low. Fresh sellers. Breakout. GBP/AUD has formed the...

AdminNov 19, 2021

Technical analysis of Forex market

EUR/USD Outlook: Reversal Signals Fade As Euro Remains Heavy On Weak Data And Firm Dollar

The Euro slips in early Friday, reducing hopes for stronger recovery, as fresh weakness offsets signal from reversal pattern that formed on daily chart. On Wednesday’s long-tailed Doji and Thursday’s long bullish candle. Traders remain very short Euro, as dollar...

AdminNov 19, 2021

Technical analysis of Forex market

GBPJPY Recovers Above MAs As Upside Impetus Improves

GBPJPY is recouping some lost ground from the pullback off the near 64-month peak of 158.20. The longer-term 200-day simple moving average (SMA) is endorsing the positive structure in the bigger picture, while the rising 50-day SMA is promoting the...

AdminNov 19, 2021

Technical analysis of Forex market

EUR/USD Pair Is Currently Correcting Losses From The 1.1268 Low

The Euro started a fresh decline below the 1.1400 support against the US Dollar. The EUR/USD pair traded below the 1.1320 support to move into a bearish zone. The pair even settled below the 1.1400 level and the 50 hourly...

AdminNov 19, 2021

Technical analysis of Forex market

US 30 Struggles To Rally Back

The Dow Jones is under pressure as investors fear that inflation could choke off economic recovery. The index has been struggling to reclaim the landmark 36000, which coincides with the 20-day moving average. The faded rebound suggests exhaustion after a...

AdminNov 19, 2021

Technical analysis of Forex market

NZD/USD Bounces Off Demand Area

The New Zealand dollar inches higher as traders are positioning for an RBNZ rate hike next week. From the daily chart’s perspective, the pair has bounced off the demand zone near the psychological level of 0.7000. A bullish RSI divergence...

AdminNov 19, 2021

Technical analysis of Forex market

USD/CHF Seeks Support

The US dollar stalled after weekly jobless claims came in higher than expected. The pair’s attempt above the daily resistance at 0.9310 suggests that the bulls may have gained the upper hand. Intraday buyers’ profit-taking led by the RSI’s overbought...

AdminNov 19, 2021

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Category: Technical analysis of Forex market

Elliott Wave View: DAX Starting Correction

US Dollar Index Outlook: Rising Hopes of Early Fed Rate Hhike

EUR/USD Turns Red, Risk Of More Downsides

GBP/AUD Breakout Below 1.8495 As Selling Is Underway

EUR/USD Outlook: Reversal Signals Fade As Euro Remains Heavy On Weak Data And Firm Dollar

GBPJPY Recovers Above MAs As Upside Impetus Improves

EUR/USD Pair Is Currently Correcting Losses From The 1.1268 Low

US 30 Struggles To Rally Back

NZD/USD Bounces Off Demand Area

USD/CHF Seeks Support

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