ActionForex.com
Aug 27 08:48 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 | Aug 26 14 10:42 GMT

As the British pound has fallen again after brief recovery, suggesting the selloff from 1.7192 top is still in progress and bearishness remains for this decline to bring retracement of early upmove to 1.6520-25 (50% Fibonacci retracement of 1.5854-1.7192), break there would extend weakness to support at 1.6460 but near term oversold condition should limit downside to 1.6360-65 (61.8% Fibonacci retracement)

Read more...
 
GBP/CHF Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Aug 26 14 10:25 GMT

Sterling did run into renewed selling interest at 1.5324 earlier (we recommended to sell at 1.5310 in our previous update made on 12 Aug and a short position was entered on 13 Aug), the British pound then dropped according to as low as 1.5060 (reached our indicated downside target at 1.5110 with 200 points profit), this anticipated move adds credence to our view that top has been formed at 1.5433 last month

Read more...
 
USD/JPY Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Aug 25 14 11:05 GMT

As the greenback has rallied last week, adding credence to our bullishness (our long position entered at 102.05 met indicated target at 104.00 with 195 points profit), this anticipated rise together with the breach of resistance at 104.13 reinforced our view that entire correction from 105.44 has ended at 100.76 earlier, bullishness remains for further gain to 105.00 later. A daily close above 105.00 would retain bullishness for a retest of 105.44

Read more...
 
EUR/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Aug 25 14 10:52 GMT

The single currency has fallen again last week, adding credence to our bearish count for the decline from 1.3993 top to bring at least a strong retracement of the entire rise from 1.2042 (2012 low) and further weakness towards previous support at 1.3105 (Sep 2013) is likely, however, oversold condition should prevent sharp fall below 1.3015-20 (50% Fibonacci retracement of 1.2042-1.3993) and price should stay well above 1.2900-10

Read more...
 
EUR/GBP Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Aug 21 14 11:18 GMT

Euro's rebound after finding support at 0.7922 suggests a minor low has been formed at 0.7874 earlier and further consolidation above this level is in store with mild upside bias for retracement of recent decline to 0.8075-80 (38.2% Fibonacci retracement of 0.8400-0.7874) and possibly towards 0.8100-10, however, reckon resistance at 0.8153 would limit upside and bring another decline later. Only a break of indicated support at 0.7916-22 would signal rebound from recent low at 0.7874 has ended

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

The greenback only slipped to 1.0860 last week before finding renewed buying interest (just missed our long entry at 1.0850 as suggested in our previous update) and the pair has surged again since, adding credence to our bullish view that low has been formed at 1.0621 and upside bias remains for the rise from there to extend gain to 1.1053 resistance, however, only a daily close above there would reinforce our view that the fall from 1.1279 has ended at 1.0621 and bring further gain to 1.1190-00.

Read more...
 
AUD/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Aug 20 14 11:25 GMT

Although aussie's rebound from 0.9239 suggests consolidation above this level would be seen, if our view that top has been formed at 0.9505 is correct, upside should be limited to resistance at 0.9374 and bring another decline later, a break of said support at 0.9239 would extend the fall from 0.9505 top for retracement of recent upmove and test of previous support at 0.9322-29 would be seen, a daily close below there would add credence to our near term bearish view

Read more...
 
EUR/CAD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Aug 20 14 11:19 GMT

The single currency only bounced to 1.4734 earlier this month before dropping again (we recommended in our previous update to sell at 1.4780) and consolidation with mild downside bias is seen for weakness towards recent low of 1.4419, however, only a break of this recent low would extend the fall from 1.5586 top to 1.4365-70 (1.618 times projection of 1.5586-1.5505 measuring from 1.5306)

Read more...
 
GBP/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Aug 19 14 08:58 GMT

Last week's breach of previous support at 1.6660 adds credence to our view that a temporary top has been formed at 1.7192 earlier last month and bearishness remains for the decline from 1.7192 top to bring retracement of early upmove to 1.6600, then towards 1.6520-25 (50% Fibonacci retracement of 1.5854-1.7192), break there would extend weakness to support at 1.6460 but near term oversold condition should limit downside to 1.6360-65

Read more...
 
GBP/JPY Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Aug 19 14 08:52 GMT

Although the British pound met renewed selling interest at 172.60 last week and fell again to as low as 170.45 on Friday, as the fall from 175.35 (last month's high) is viewed as retracement of recent upmove, downside should be limited to 170.00 and bring another rebound later, above said resistance at 172.60 would bring test of 173.50, however, as top has been formed at 175.35 last month, upside should be limited to 174.20 resistance and bring another decline later this month.

Read more...
 
USD/JPY Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Aug 18 14 10:32 GMT

As the greenback found good support at 101.51 and has rebounded, retaining our near term bullishness and further consolidation would be seen with mild upside bias for another rise towards resistance at 103.09, a daily close above there would extend the rebound from 100.82 to 103.40-50, then towards resistance at 104.13, however, only a sustained breach above the latter level would signal entire correction from 105.44 has ended and extend further gain to 105.00 later.

Read more...
 
EUR/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Aug 18 14 10:23 GMT

Euro's near term sideways trading after early fall to 1.3333 is expected to continue and although recovery to 1.3450-55 cannot be ruled out, reckon upside would be limited to 1.3510-20 and bring another decline later, a break of said support at 1.3333 would extend recent reversal from 1.3993 top for at least a strong retracement of the entire rise from 1.2042 (2012 low) to support at 1.3295, below there would encourage for further fall to 1.3240-50 and possibly towards 1.3200

Read more...
 
EUR/JPY Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Aug 15 14 09:09 GMT

Although the single currency dropped to 135.73 late last week, the subsequent rebound suggest a minor low has possibly been formed there and consolidation above this level is in store with mild upside bias for retracement back to resistance at 138.03, however, reckon another previous resistance at 139.28 would limit upside and bring another decline later. A break of said support at 135.73 would extend recent decline from 145.69 (2013 high) 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 | Aug 15 14 08:58 GMT

The greenback has remained confined within near term range after early anticipated rise to 0.9115, retaining our view that minor consolidation is in store and pullback to 0.9000 cannot be ruled out, however, reckon previous resistance at 0.8959 would contain downside and bring another rise later. A break of said resistance at 0.9115 would extend the rise from 0.8699 low towards tough resistance at 0.9192-0.9201 but only a sustained breach above there would reinforce this bullish count that wave c from 0.9839 has ended at 0.8699

Read more...
 
EUR/GBP Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Aug 14 14 10:05 GMT

The single currency found good support at 0.7922 yesterday and has staged another rebound, retaining our view that further consolidation would be seen and retracement of recent decline to 0.8075-80 (38.2% Fibonacci retracement of 0.8400-0.7874) cannot be ruled out, however, reckon 0.8100 would limit upside and bring another decline later. Below 0.7916-22 support would signal rebound from recent low at 0.7874 has ended and bring retest of this level

Read more...
 
USD/CAD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Aug 14 14 09:58 GMT

As the greenback has retreated again after faltering below last week's high of 1.0986, suggesting consolidation below this level would be seen and pullback to 1.0840-50 cannot be ruled out before prospect of another rise, above said resistance at 1.0986 would extend the rise from 1.0621 low for further gain to 1.1053 resistance, however, only a daily close above there would add credence to our view that the fall from 1.1279 has ended at 1.0621 and bring further gain to 1.1190-00.

Read more...
 
AUD/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Aug 13 14 10:16 GMT

Aussie only recovered to 0.9374 before dropping again, bearishness remains for near term fall from 0.9505 top to bring retracement of recent upmove and test of previous support at 0.9322-29 would be seen, a daily close below there would add credence to our near term bearish view that top has possibly been formed at 0.9505, bring correction to support at 0.9203, then towards 0.9135-40

Read more...
 
EUR/CHF Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Aug 13 14 10:10 GMT

Although the single currency has fallen again after meeting renewed selling interest at 1.2178 late last month and near term downside risk is seen for the fall from 1.2250 to extend weakness towards previous support at 1.2104, however, break there is needed to signal the fall from 1.2394 has resumed and may extend marginal weakness towards 1.2050-60

Read more...
 
GBP/USD Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Aug 12 14 10:08 GMT

As the British pound has remained under near term pressure after reversing from recent high of 1.7192 and price broke below indicated support at 1.6182, adding credence to our view that a temporary top has possibly been formed there and consolidation with mild downside bias remains for retracement of recent upmove to 1.6735-40 support, then towards strong support level at 1.6693-99.

Read more...
 
GBP/CHF Elliott Wave Analysis Print E-mail
Elliott Wave Weekly | Written by Action Forex | Aug 12 14 10:00 GMT

Sterling met renewed selling interest at 1.5362 last week and dropped below indicated support at 1.5210-15, suggesting top was possibly formed at 1.5433 last month and consolidation below this level would continue with downside bias for test of 1.5140 support, break there would add credence to this view, bring retracement of recent upmove to 1.5090-00 and then 1.5050 but reckon support at 1.4969 would remain intact.

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

Page 1 of 41

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.