After QE3, Dollar Index closed above Gann’s 4×1 angels as support from 2011.05.04 low.Meantime presently decline, market tested Gann’s 1×1 angels that’s will bring the market go up testing resistance.
Posted in Technical Updates Tagged Forex Analysis, Forex Trading, GBP/USD, Short-Term Forecast
GBP/USD moving choppy today but major trend remain bullish scenario, let take a look at my 1h chart below. GBP Construction PMI coming, If break above channel we will saw the target at 1.599x level ..
Posted in Technical Updates Tagged Commodity Analysis, Forex Analysis, Forex Trading, Oil, Short-Term Forecast
we saw in Brent Crude to start last week. It remained above 111.50 throughout the week, spent some time in near-term consolidation, and then break up toward the the larger, short-term consolidation…
Posted in Technical Updates Tagged Elliott Wave Analysis, Forex Analysis, Forex Trading, Short-Term Forecast, USD/CHF
USDCHF was trading lower during August: from the 0.9970 high, where we believe that wave A, part of a second larger zig-zag, found the peak. If that is the case, we know that the sell-off from that…