ActionForex.com
Jul 02 05:33 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/JPY Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Jul 01 16 11:20 GMT

The single currency recovered after tumbling to 109.49 last week, adding credence to our view that consolidation above this level would be seen (we recommended in our previous update to buy at 111.50 for 114.50), our long position entered at 111.50 reached our upside target at 114.50 with 300 points profit as price bounced to as high as 114.86

Read more...
 
USD/CHF Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Jul 01 16 11:10 GMT

As the greenback has retreated after rising to 0.9838 earlier this week, suggesting consolidation below this level would be seen and initial downside risk is for weakness to 0.9700, however, reckon downside would be limited to 0.9650-60 and bring another rebound later, above said resistance at 0.9838 would extend the rise from 0.9521 (last week's low) towards

Read more...
 
EUR/GBP Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Jun 30 16 10:43 GMT

The single currency found renewed buying interest at 0.7599 last week and rallied from there after Brexit, the breach of previous resistance at 0.8117 confirms early upmove has resumed and further gain to 0.8390-00 would be seen, break there would extend gain to 0.8440 (2.618 times extension of 0.6936-0.7493 measuring from 0.6982), then towards 0.8500, however, overbought condition should limit upside to 0.8550 and price should falter below 0.8590-00

Read more...
 
USD/CAD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Jun 30 16 10:36 GMT

The greenback found good support at 1.2678 last week and staged a much stronger than expected rebound to 1.3121, dampening our bearishness and further choppy trading within recent established range of 1.2461-1.3188 would be seen but reckon upside would be limited to 1.3120-25 and said upper range at 1.3188 should hold, bring another decline.

Read more...
 
EUR/CHF Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Jun 29 16 11:42 GMT

Although the single currency staged a strong rebound from 1.0775 (a short position was entered at 1.0920), as euro ran into renewed selling interest at 1.1018 (just faltered below our stop at 1.1020) and tumbled from there to as low as 1.0622 (our downside target at 1.0720 was met with 200 points profit), having said that, as euro found good support there and staged a strong rebound, suggesting consolidation above this level would be seen

Read more...
 
AUD/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Jun 29 16 11:33 GMT

Although aussie rose to as high as 0.7649 last week, the subsequent selloff to 0.7306 suggests top has been formed there and consolidation with downside bias is seen for another test of said support but a daily close below 0.7285 support is needed to signal the rebound from 0.7145 has ended at 0.7649, bring further fall to 0.7200 but

Read more...
 
GBP/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Jun 28 16 12:27 GMT

Although sterling surged last week to as high as 1.5018 on speculation that UK would stay in EU, the British pound finally tumbled as the vote outcome confirmed Brexit, price quickly dropped below previous chart support at 1.3836 (tentatively wave (i) trough) and fell to as low as 1.3120 yesterday before recovering. This selloff signals the wave (ii) has ended at 1.5018 and wave (iii) impulsive fall is underway

Read more...
 
GBP/CHF Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Jun 28 16 12:20 GMT

Sterling ran into heavy offers at 1.4474 last week and tumbled from there after Brexit confirmation, the breach of previous support at 1.3415 signals medium term decline from last year's high of 1.5573 has resumed, although price has recovered from 1.2851 and minor consolidation above this level would be seen, reckon upside would be limited to 1.3300-10 and bring another decline later. A break of said support would extend the aforesaid decline to

Read more...
 
EUR/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Jun 27 16 11:30 GMT

The single currency met renewed selling interest at 1.1428 and tumbled late last week on back of the selloff in sterling after Brexit confirmation, adding credence to our view that the wave c from 1.0523 has indeed ended at 1.1616 and bearishness remains for the fall from there in wave d to extend weakness to 1.0900, then towards

Read more...
 
USD/JPY Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Jun 27 16 11:19 GMT

Although dollar's rebound turned out to be slightly stronger than expected, renewed selling interest emerged at 106.84 and the pair tumbled late last week to as low as 99.01 before recovering, adding credence to our bearish view that recent decline is still in progress in wave iii, indicated downside target at 101.50 (50% Fibonacci retracement of 77.13-125.86) and 100.00 had been met, as price has rebounded from 99.01, suggesting consolidation above this level would be seen

Read more...
 
EUR/JPY Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Jun 24 16 11:57 GMT

The single currency met renewed selling interest at 122.02 yesterday and tumbled to as low as 109.49, suggesting the major fall from 149.79 top is still in progress, however, as price has rebounded from 109.49, consolidation above this level would be seen initially and recovery to 114.00 and then 115.00 cannot be ruled out, however, reckon previous support at 116.50 would cap upside

Read more...
 
USD/CHF Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Jun 24 16 11:46 GMT

Although the greenback slipped to as low as 0.9521 yesterday, dollar found good support there and has staged a strong rebound today after Brexit, suggesting the fall from 0.9956 has ended at 0.9521 and consolidation with upside bias is seen for gain towards 0.9920 but break there is needed to signal another leg of rise from 0.9444 low is underway and bring

Read more...
 
EUR/GBP Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Jun 23 16 11:12 GMT

Despite rising to 0.7995 last week, the subsequent sharp fall from there suggests the rebound from 0.7565 (last month's low) has ended and weakness to 0.7600 cannot be ruled, however, break of 0.7550-65 (50% Fibonacci retracement of 0.6983-0.8117 and said support) is needed to retain bearishness and extend the fall from 0.8117 top to

Read more...
 
USD/CAD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Jun 23 16 11:04 GMT

The greenback ran into heavy offers at 1.3086 last week and has dropped sharply from there, suggesting the rebound from 1.2654 has ended there and below this level would extend weakness to 1.2590-00, then 1.2550, however, break of this year's low at 1.2461 is needed to confirm medium term downtrend from 1.4690 top has resumed and bring subsequent decline to

Read more...
 
EUR/CAD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Jun 22 16 12:37 GMT

Although the single currency did rebound after finding support at 1.4320 and bounce to as high as 1.4639 last week, euro has retreated since and marginal fall below said support cannot be ruled out, however, as outlook remains consolidative, reckon downside would be limited and bring another rebound later, above said resistance at 1.4639 would bring test of

Read more...
 
AUD/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Jun 22 16 12:19 GMT

As aussie has staged a strong rebound after finding good support at 0.7285, suggesting near term upside risk remains for the corrective rise from 0.7145 to bring a stronger retracement of the decline from 0.7835, hence further gain to 0.7570-75 (61.8% Fibonacci retracement of 0.7835-0.7145), then towards 0.7640-50, however, still reckon resistance at 0.7720 would cap upside and bring another decline later.

Read more...
 
GBP/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Jun 21 16 10:45 GMT

Despite falling to 1.4012, cable held just above previous support at 1.4005 and staged a much stronger than expected rebound, sterling rallied after this week's gap-up opening, suggesting a test of previous resistance at 1.4770 would be seen, however, a sustained breach of this level is needed to revive near term bullishness for the erratic rise from 1.3836 low (tentatively wave (i) trough) to bring retracement of recent decline to

Read more...
 
GBP/JPY Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Jun 21 16 10:30 GMT

Although sterling fell to as low as 145.40 last week, the subsequent strong rebound together with yesterday's gap-up opening suggest low has been formed there (as wave v), hence consolidation above this level would be seen with mild upside bias for retracement of recent decline to 155.00-10, then towards

Read more...
 
EUR/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Jun 20 16 13:09 GMT

Although the single currency did meet selling interest at 1.1299 (we recommended to sell at 1.1290 and a short position was entered) and dropped late last week to as low as 1.1131, lack of follow through selling and the subsequent stronger-than-expected rebound suggest the retreat from 1.1416 has ended there, hence further consolidation above previous support at 1.1098 would be seen and gain towards

Read more...
 
USD/JPY Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Jun 20 16 12:50 GMT

Dollar has remained under pressure after breaking previous support at 105.55 (now resistance), adding credence to our view that recent downtrend has resumed and indicated downside targets at 104.40-50 and 103.90-00 had been met, bearishness remains for medium term decline to extend weakness to

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

Page 1 of 84

Latest in Elliott Wave Weekly Analysis

Facebook MySpace Twitter Digg Delicious Google Bookmarks 

Trade Ideas

Candlesticks Trades
Elliott Wave Trades

Forex Brokers

ActionForex.com © 2016 All rights reserved.