Tag: forex analitics

Technical Analysis Based on Breakout – waiting for a sell signal

GBPUSD – Flat Technical Observation: After a drastic drop in price yesterday. Gbp is currently recovering slightly to the upper side but in peanuts. Gbp is still very bearish and buying Gbp now cannot be recommended. As it is, I’m waiting for a clear s…

Elliott waves for Forex correlation analysis – short

USDJPY – Down Wave Analysis: This week, the US Dollar gaped above the upper resistive trend line but ended up closing below it. We expect the rejection from this trend line to have marked the end of the corrective wave (D), that the current bearish pri…

Elliott waves for Forex correlation analysis – sell below 1.1680

EURUSD – Up Wave Analysis: Perfectly as previously forecasted, the impulsive wave (c) extended just narrowly to the lower side but is still above the short term weekly support line 1.1680. This pair is pretty much bearish following the rejection from 1…

Elliott waves for Forex correlation analysis – Bulls in control

GBPUSD – Flat Wave Analysis: Few days ago, the cable formed a higher low when it pulled back to the lower side but failed to go below 1.3061. We expect the upward rally that began few days after the rebound from 1.3061 to be the unfolding of the inner …

Technical Analysis Based on Breakout – Remain long towards 1.3670

GBPUSD – Flat Technical Observation: Gbp is yet to rise to the upper side despite the bullish pin bar seen on Friday last week. I expect a relentless upward rally this this week, especially while the price remains above 1.3160. If you didn’t long this…