Elliott Wave.

USDCHF Remains Bullish Within Impulsive Rise-Elliott Wave Forecast

November 6, 2013 7:46 am GMT+0  in Forex Analysis

USDCHF extended its gains in the last week, through 0.9044 swing and more importantly, it moved out of a recent upward channel. This breakout (blue circle) usually occurs in the middle of a wave three of a five wave rally, so if we respect the price action then pair is now forming an important bullish […]

EURUSD Analysis 17th August, 2012

August 17, 2012 1:41 am GMT+0  in Forex Analysis

EURUSD  Analysis 17th August, 2012 Pair has formed Head & Shoulder pattern in Daily charts, targeting towards 1.2690 It has resistance @1.25 &1.2740 and Support @ 1.2040. Yesterday pair closed above 50 days simple moving average and RSI (14)  is above its midline  My Overall View is bullish towards level 1.38  Buy @1.2375 Stop @1.2260 Target […]