Tag: Technical Analysis

Elliott waves for Forex correlation analysis – Check 1.2525 for a possible rebound

EURUSD – Up Wave Analysis: Euro continues to pullback upwards but is currently approaching a key resistance level 1.2525, as long this level is not breached to the upper side, we expect a possible double top formation around this level to short this pair with an ultimate target at 1.2286 or even lower. According to […]

Technical Analysis Based on Breakout – Wait for a correction to rebuy

GBPUSD – Flat Technical observation On the daily chart above,GBP is currently retracing to a support line 1.4072 and I expect a possible rejection at the line for a bullish momentum towards 1.4375,in case the pair goes below 1.4072 then i would remain flat and wait for a correction to the lower support line 1.3840 […]

Technical Analysis Based on Breakout – Wait for a pullback to rebuy

EURUSD – Up Technical observation Price is still rallying above the resistance zone (1.2056-1.2101) highlighted by the blue triangle, on the daily chart attached,EUR looks a bit bearish and could plummet towards the lower trend line acting as the support and I expect a rejection at the 4H support line 1.2359 or if price goes […]

Company News – Nonfarm Payrolls: the most anticipated release of the month

Dear traders, On February 2nd at 1:30pm GMT January Nonfarm Payrolls report is to be released. This is one of the most important economic events that influences financial markets. FreshForex expert has commented on this issue as follows: Today we are likely to see positive data release, which will have a positive impact on US […]

Company News – Cryptomania: have you already earned on cryptocurrencies?

Dear traders, The most volatile instrument of 2017 is in flat now after breathtaking growth in December but it doesn’t mean that Bitcoin and other cryptocurrencies have exhausted their potential! While currency market is relatively calm, we give our clients chance to earn and announce contest “Cryptomania”! Have you already traded cryptocurrencies? Share your experience […]

Elliott waves for Forex correlation analysis – Rebuy US Dollar around 108.06

USDJPY – Down Wave Analysis: Still nothing significant has changed on this pair. The Us Dollar is still rallying around a key weekly support zone 108.66-108.18. As long as this zone protects the lower side, we expect a possible rebound to long this pair with an ultimate target at 114.78, in case the price clearly […]

Technical Analysis Based on Breakout – Resell USDJPY at (109.51-109.40)

USDJPY – Down Technical observation Yesterday the pair USD JPY declined towards 108.55 and is currently rising towards a resistance zone (109.51-109.40),I expect a rejection of price at the zone to resell USDJPY with my take profit at 108.15 and stop loss at 109.75.If there’s a clear breakout above the resistance zone then I’ll wait […]

Technical Analysis Based on Breakout – Wait for a correction to (1.2390-1.2370)

EURUSD – Up Technical observation Yesterday,EUR failed to break below the key support zone (1.2390-1.2370),price got rejected and the zone and continued up, I expect a possible rise in price in the coming hours towards 1.2517,if you had not entered a trade I would advise you wait for a correction to (1.2390-1.2370) then buy the […]