ActionForex.com
Oct 22 09:32 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.


GBP/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Oct 21 14 10:59 GMT

Although the British pound slipped again to as low as 1.5875 last week, the subsequent rebound suggests consolidation above this level would bee seen and test of resistance at 1.6227 is likely, however, a daily close above there is needed to signal low has possibly been formed, bring a stronger rebound to 1.6300, break there would add credence to this view and a stronger rebound to 1.6390-00 would follow. Looking ahead, only a sustained breach above resistance at 1.6525 would provide confirmation

Read more...
 
GBP/CHF Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Oct 21 14 10:54 GMT

The British pound only recovered to 1.5470 before falling sharply in line with our bearish expectation, adding credence to our view that top has possibly been formed at 1.5536, having said that, as sterling has rebounded after holding above previous support at 1.4974 (last month's low), suggesting choppy trading would be seen and recovery to 1.5350 cannot be ruled out, however, reckon 1.5400-10 would limit upside and bring another decline later.

Read more...
 
USD/JPY Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Oct 20 14 11:09 GMT

Although the greenback slipped again last week to as low as 105.20, the subsequent quick rebound suggest a temporary low is possibly formed and consolidation with mild upside bias is seen for at least a retracement of the fall from 110.09 and gain to 108.00-10 would be seen, however, break of resistance at 108.74 is needed to signal the retreat from 110.09 has ended and bring further gain to 109.40-50. Having said that, only break of resistance at 109.90 would signal medium term upmove has resumed

Read more...
 
EUR/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Oct 20 14 11:01 GMT

The single currency found good support just above 1.2600-05 level and has rebounded again last week, suggesting a temporary low has been formed at 1.2501 and consolidation above this level would be seen and another corrective bounce to 1.2887 (last week's high) cannot be ruled out, however, reckon upside would be limited to 1.2965-75 (50% Fibonacci retracement of 1.3433-1.2501) and bring another decline. Below 1.2600-05 would signal rebound from 1.2501 has ended and bring retest of this level

Read more...
 
GBP/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Oct 14 14 10:46 GMT

Despite recovering to 1.6227 last week, as the British pound met renewed selling interest there and has fallen again, suggesting recent reversal from 1.7192 top is still in progress and downside risk remains for this decline to bring retracement of early upmove to 1.5900, then towards previous support at 1.5854, however, loss of downward momentum should prevent sharp fall below 1.5720-25

Read more...
 
GBP/JPY Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Oct 14 14 10:38 GMT

Despite resuming recent upmove to 180.70, the subsequent reversal suggest the wave v has possibly ended there and consolidation with downside bias is seen for test of previous support at 169.35, however, a daily close below there is needed to add credence to this view, bring further fall to 167.75-80, break there would bring retracement of recent upmove to 166.50 and later 165.50, however, reckon another previous support at 163.90 would hold

Read more...
 
USD/JPY Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Oct 13 14 10:01 GMT

Despite last week's initial firmness, as the greenback has retreated again after faltering below recent high of 110.09, dampening our bullishness and suggests a temporary top has been formed there, hence near term downside risk is seen for retracement of recent upmove to 106.81 (previous support as well as 38.2% Fibonacci retracement of 101.51-110.09), however, downside should be limited to 106.00-10 and reckon 105.80 (50% Fibonacci retracement) would remain intact

Read more...
 
EUR/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Oct 13 14 09:37 GMT

Although the single currency rebounded last week, as euro met resistance at 1.2791 and has retreated, retaining our bearishness for recent decline to resume after consolidation, break of recent low at 1.2501 (this month's low) would signal the decline from 1.3993 top (May) has resumed and this wave 3 should extend further weakness to 1.2450, however, near term oversold condition should limit downside to 1.2415-20

Read more...
 
EUR/JPY Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Oct 10 14 09:50 GMT

Euro's sharp retreat after running into strong resistance at 141.23 suggests the rebound from recent low at 135.73 has ended there and consolidation with downside bias is seen for weakness towards this support, however, break there is needed to confirm recent decline from 145.69 top has resumed for retracement of early upmove to 135.50-55 (38.2% Fibonacci retracement of 119.12-145.69), then 135.00 and possibly towards 134.30-35

Read more...
 
USD/CHF Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Oct 10 14 09:43 GMT

Despite rising to 0.9690 earlier this week, as the greenback has retreated quite sharply this week, suggesting consolidation below this level would be seen and retracement to 0.9450-60 cannot be ruled out, however, downside should be limited to 0.9400 and bring another rise later. Above 0.9625-30 would bring retest of said resistance at 0.9690, however, break there is needed to confirm recent rise from 0.8699 low has resumed for headway to previous chart resistance at 0.9752

Read more...
 
EUR/GBP Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Oct 09 14 10:32 GMT

Euro's rebound after last week's fall to 0.7766 suggests consolidation above this level would be seen and as long as this support holds, mild upside bias is seen for retracement to 0.7940 (previous support), break there would suggest low is possibly formed, bring a stronger rebound to 0.8000-10 resistance but above there is needed to add credence to this view, bring test of key resistance at 0.8066 but it is necessary to see a sustained breach above this level to provide confirmation

Read more...
 
USD/CAD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Oct 09 14 10:23 GMT

Although the greenback surged to 1.1270 late last week, as price has retreated quite sharply after faltering below previous chart resistance at 1.1279, suggesting consolidation below this level would be seen and pullback to 1.1050-60 cannot be ruled out, however, reckon 1.0985-90 would limit downside and bring another rise later, above said resistance at 1.1270-79 would confirm the upmove from 0.9407 has resumed in wave v for headway to 1.1300 and possibly towards 1.1385-90

Read more...
 
EUR/CHF Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Oct 08 14 10:59 GMT

Although the single currency has rebounded again after holding above previous support at 1.2045 and consolidation above this level is in store, break of resistance at 1.2178 is needed to signal low has been formed and bring a stronger rebound towards resistance at 1.2237 but only above indicated resistance at 1.2261 would signal low is formed, bring test of resistance at 1.2297-00. Once this level is penetrated, this would revive bullishness and signal the fall from 1.2394 has ended

Read more...
 
AUD/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Oct 08 14 10:50 GMT

Aussie did test previous support at 0.8660 as suggested in our previous update, adding credence to our count that the decline from 1.1081 (top of wave 5 of V) is still in progress and may extend weakness to 0.8590-00 and possibly 0.8540-45 (50% Fibonacci retracement of entire rise from 0.6007-1.1081), however, near term oversold condition should limit downside to 0.8500 and reckon 0.8340-50 would hold

Read more...
 
GBP/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Oct 07 14 11:18 GMT

Although the British pound fell again after meeting renewed selling interest at 1.6525, as recent decline from 1.7192 top is losing momentum, reckon downside would be limited and yesterday's low at 1.5951 should contain weakness, bring another rebound to 1.6200, then 1.6250, however, a daily close above 1.6285-90 is needed to suggest low is possibly formed, bring a stronger rebound to 1.6390-00. Looking ahead, only a sustained breach above resistance at 1.6525 would provide confirmation

Read more...
 
GBP/CHF Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Oct 07 14 11:11 GMT

Although sterling extended recent upmove to 1.5536 last week, as this move is viewed as the final leg of the wave (b), reckon upside would be limited and bring retreat later, below 1.5300-10 would suggest top is possibly formed, bring weakness to 1.5250, then 1.5170, however, only a drop below support at 1.5090-00 would provide confirmation, bring eventual fall towards last month's low at 1.4974.

Read more...
 
USD/JPY Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Oct 06 14 11:19 GMT

The greenback finally reached our indicated medium term upside target at 110.00 last week as price rose to as high as 110.09 before easing, adding credence to our bullish count that medium term upmove from 75.31 is still in progress in wave v and further gain to 110.15-20 (61.8% projection of 77.14-103.74 measuring from 93.75), then 110.50-60 would be seen

Read more...
 
EUR/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Oct 06 14 11:13 GMT

The single currency has fallen again after brief recovery, adding credence to our bearish count that recent selloff from 1.3993 top (May) is still in progress and this wave 3 should extend further weakness to 1.2500, then 1.2450, however, near term oversold condition should limit downside to 1.2415-20 (2.618 times extension of 1.3993-1.3503 measuring from 1.3700) and reckon 1.2300 would hold

Read more...
 
EUR/JPY Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Oct 03 14 10:24 GMT

Despite surging to 141.23 last month, as the subsequent retreat turned out to be much stronger than expected, suggesting the rebound from 135.73 has ended there and consolidation with downside bias is seen, break of yesterday's low at 136.87 would extend weakness to 136.00-10, however, only break of said support at 135.73 would confirm recent decline from 145.69 top has resumed for retracement of early upmove to 135.50-55

Read more...
 
USD/CHF Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Oct 03 14 10:15 GMT

As the greenback found renewed buying interest at 0.9332 and has surged above resistance at 0.9456, indicated upside targets at 0.9500 and 0.9570 (76.4% retracement of 0.9839-0.8699) had been met, bullishness remains for recent upmove from 0.8699 low to extend further gain to 0.9600-10 and possibly towards 0.9690-00, however, overbought condition should limit upside to previous chart resistance at 0.9752

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

Page 1 of 44

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.