ActionForex.com
Nov 27 05:11 GMT

Sponsors

Forex Expos

Elliott Wave Weekly Analysis

Elliott Wave Principle reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific and measurable patterns. If you can identify repeating patterns in prices, and figure out where in those repeating patterns we are today, then you can predict where we are going in the future.

  • The daily trade ideas section provides trading strategies everyday for our readers to profit from these identifiable patterns.
  • The weekly analysis section provides wave counts and forecasts from the bigger picture.


EUR/CHF Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Nov 26 14 10:49 GMT

Although the single currency has continued to trade defensively and downside risk remains for recent decline to extend marginal weakness, as broad outlook is still consolidative, reckon downside would be limited and price should stay above SNB's minimum rate at 1.2000, the pair should stage another rebound from there in later part of Q4. Above 1.2070-80 would suggest low is possibly formed and bring rebound to 1.2120, then towards resistance at 1.2140

Read more...
 
AUD/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Nov 26 14 10:25 GMT

Aussie met renewed selling interest at 0.8723 last week and slipped again in line with our bearish expectation, our short position entered at 0.8750 met indicated target at 0.8550 with 200 points profit as the pair resumed recent downtrend and dropped below 0.8500 this week. This anticipated resumption of decline has reinforced our bearishness for medium term fall to extend weakness to 0.8450 and possibly 0.8400

Read more...
 
GBP/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Nov 25 14 11:15 GMT

The British pound has remained under pressure after falling marginally to 1.5590 last week (indicated downside target at 1.5720-25 61.8% Fibonacci retracement of 1.4814-1.7192 and 1.5600-10 had been met), bearishness remains for recent decline from 1.7192 top to extend further weakness to 1.5500-10, however, loss of near term downward momentum should prevent sharp fall below 1.5440-50 and reckon 1.5400-10 would hold

Read more...
 
GBP/CHF Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Nov 25 14 11:06 GMT

The British pound dropped in line with our bearish expectation, our short position entered at 1.5400 met indicated target at 1.5100 with 300 points profit, however, lack of follow through selling on break of previous support at 1.4974 and current rebound from 1.4943 suggest further choppy trading would be seen with initial upside bias for recovery to 1.5300. Having said that, reckon upside would be limited to 1.5400-10 and bring another decline later

Read more...
 
USD/JPY Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Nov 24 14 09:55 GMT

Although the greenback extended recent upmove to as high as 118.98 last week and marginal rise above said resistance cannot be ruled out, reckon upside would be limited to 119.75-80 (1.618 times projection of 101.07-110.09 measuring from 105.20) and price should falter below psychological resistance at 120.00, bring correction later, below 117.30-40 would bring pullback to 116.70-80 and then towards 115.90-00

Read more...
 
EUR/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Nov 24 14 09:47 GMT

Although The single currency met renewed selling interest at 1.2600 last week and has slipped again on Friday, break of recent low at 1.2358 is needed to confirm recent decline from 1.3993 top has resumed and extend weakness to 1.2280-90 (50% projection of 1.3700-1.2501 measuring from 1.2887), then towards 1.2200-10, however, loss of downward momentum should prevent sharp fall below 1.2140-50 (61.8% projection) and bring rebound later.

Read more...
 
EUR/JPY Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Nov 21 14 11:12 GMT

The single currency has finally retreated after rising to 149.14 yesterday, suggesting the minor wave iii has ended there and consolidation below this level is seen with mild downside bias for retracement of recent upmove in wave iv to 145.60-65, then 145.00, however, reckon downside would be limited to 144.50-55 (38.2% Fibonacci retracement of 137.04-149.14) and renewed buying interest should emerge around 143.00-10 (50% Fibonacci retracement) and price should stay above 142.09-18

Read more...
 
USD/CHF Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Nov 21 14 11:02 GMT

Despite retreating to 0.9531, as the greenback found renewed buying interest there as expected (we recommended in our previous update made last week to buy at 0.9540) and has rebounded, retaining our bullishness for recent upmove to resume after consolidation, break of resistance area at 0.9742-52 would extend medium term uptrend to 0.9800-10 and possibly 0.9850

Read more...
 
EUR/GBP Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Nov 20 14 10:10 GMT

The single currency found good support at 0.7799 and has staged the anticipated rebound to 0.8039 yesterday, adding credence to our bullishness and our long position entered at 0.7830 finally met our indicated target at 0.8030 with 200 points profit (equivalent to over 310 points profit in EUR/USD), having said that, a sustained breach above indicated resistance area at 0.8047-66 is needed to provide confirmation that low has been formed at 0.7766 earlier

Read more...
 
USD/CAD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Nov 20 14 10:00 GMT

Although the greenback has rebounded after finding support at 1.1260, a sustained breach above 1.1400-05 is needed to signal the pullback from 1.1467 has ended there and bring retest of this level, once this resistance is penetrated, this would extend recent upmove in wave c to 1.1500 and possibly 1.1550, having said that, as this move is viewed as the final phase of this wave c (i.e. minor wave v), reckon upside would be limited to 1.1650-60

Read more...
 
EUR/CAD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Nov 19 14 11:22 GMT

As the single currency has continued to find buying interest around support at 1.4036 and has recovered, retaining our view that further consolidation above recent low at 1.4012 would be seen and another bounce to 1.4340-45 cannot be ruled out, however, reckon upside would be limited to 1.4400-10, price should falter below resistance at 1.4501 and bring another decline. A daily close below 1.4036 would bring retest of said recent low at 1.4012

Read more...
 
AUD/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Nov 19 14 11:18 GMT

Although aussie rebounded after falling to 0.8541 earlier this month, as the pair met renewed selling interest at 0.8796 and has retreated, retaining our bearishness for another test of said support, break there would signal medium term decline has resumed and extend weakness to 0.8500, then towards 0.8450, however, loss of downward momentum should prevent sharp fall below 0.8340-50

Read more...
 
USD/JPY Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Nov 18 14 10:35 GMT

The greenback has continued to move higher after recent rally, indicated upside targets at  116.35 (1.236 times projection of 101.07-110.09 measuring from 105.20) and 117.00 had been met, we have re-labled recent impulsive wave with an extended wave (iii) ended at 105.44, followed by another triangle wave (iv) at 101.07, hence the wave (v) is still in progress, price exceeded our upside targets at 117.00 and gain to 117.50-60 and possibly 118.00 cannot be ruled out

Read more...
 
EUR/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Nov 18 14 10:27 GMT

The single currency found good support at 1.2394-99 and has rebounded again, suggesting further consolidation above recent low at 1.2358 would be seen with mild upside bias for another rebound to previous support at 1.2614, however, a daily close above there is needed to signal a temporary low has been formed, bring retracement of recent decline to 1.2700.

Read more...
 
EUR/JPY Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Nov 14 14 09:59 GMT

The single currency has risen again after finding renewed buying interest at 142.09 last week and bullishness remains for the rise from 134.14 (wave iv trough) to bring resumption of medium term uptrend for retest of previous resistance at 145.69, above there would add credence to this view and extend gain in wave v to 146.50-55 (61.8% projection of 137.04-144.22 measuring from 142.09), then 147.50-60, however, loss of near term upward momentum should prevent sharp move beyond 148.00-10

Read more...
 
USD/CHF Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Nov 14 14 09:52 GMT

The greenback extended recent upmove last week and broke above previous resistance at 0.9690, confirming our view that medium term upmove from 0.8699 low (wave c as well as larger degree wave B trough) has resumed and retest of previous chart resistance at 0.9752, then 0.9800-10 would be seen, however, weakening of upward momentum should prevent sharp move beyond 0.9900-10 and price should falter below psychological resistance at 1.0000

Read more...
 
EUR/GBP Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Nov 13 14 09:52 GMT

As the single currency has rebounded after finding decent demand just above support at 0.7766, retaining our view that low has possibly been formed at 0.7766 and consolidation with mild upside bias remains for another rebound to 0.7950, break there would signal the retreat from 0.8047 has ended, bring a further gain to 0.8000 but only break of indicated resistance area at 0.8047-66 would provide confirmation that low is in place, bring retracement of recent decline to 0.8100

Read more...
 
USD/CAD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Nov 13 14 09:46 GMT

Despite last week's rise to 1.1467, the subsequent retreat suggest consolidation below this level would be seen and pullback to 1.1200-10 cannot be ruled out, however, reckon support at 1.1122 would contain downside and bring another rise later, above said resistance at 1.1467 would signal recent upmove has once again resumed and extend gain in wave c to 1.1500 and possibly 1.1550, having said that, as this move is viewed as the final phase of this wave c (i.e. minor wave v), reckon upside would be limited to 1.1650-60

Read more...
 
EUR/CHF Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Nov 12 14 09:21 GMT

Although the single currency has remained under pressure and near term downside risk remains for recent decline to extend marginal weakness from here, as broad outlook is still consolidative, reckon downside would be limited and price should stay above SNB's minimum rate at 1.2000, the pair should stage another rebound from there in later part of Q4. Above 1.2070-80 would suggest low is possibly formed and bring rebound to 1.2120, then towards resistance at 1.2140

Read more...
 
AUD/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Nov 12 14 09:13 GMT

Despite last week's resumption of decline to 0.8541 (reached indicated downside target at 0.8540-45 - 50% Fibonacci retracement of entire rise from 0.6007-1.1081), the subsequent rebound suggest minor low has possibly been formed and consolidation with mild upside bias is seen, above 0.8800 would bring another test of resistance at 0.8911, however, break there is needed to add credence to this view, bring correction of recent decline to 0.9000 and possibly 0.9050

Read more...
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 1 of 47

Latest in Elliott Wave Weekly Analysis

Facebook MySpace Twitter Digg Delicious Google Bookmarks 

Trade Ideas

Candlesticks Trades
Elliott Wave Trades

Forex Brokers

ActionForex.com © 2014 All rights reserved.