The Euro intraday still moving above 50SMA, Elliott Wave structure show up wave 4 correction to wave 5 forming. RSI indicate in bullish mode, the declines today above 40 level as bullish mode support.
Posted in Technical Updates Tagged EUR/USD, Forex Analysis, Forex Trading, Medium-Term Forecast, Short-Term Forecast
The Euro failed break 2012.09.17 high on 2012.10.05 now bearish sideway. Yesterday, ECB president Draghi speaks brought the market below 1.2950 level. The pivot is 1.2872 if continue to decline, we…
Posted in Technical Updates Tagged Dollar Index, Forex Trading, Leading Indicator, Long-Term Forecast, Macroeconomic Trends
The closed candlestick was trend reversal are above major support, we will saw the price upward above 80 level. Even though payroll growth was weak, this was a much stronger report than the last fe…
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 ..