Jump to content

Forex Forecast by FreshForex.com

Rate this topic


Recommended Posts

Euro above 1.0576

28 February 2017, EUR/USD

 

 

Euro above 1.0576

Wave Analysis:

Despite our expectations to continue short short, euro retraced higher and even ended up above 1.05765. The current chart set up and structure is pretty much bullish and will likely push the price further to the upper side towards 1.06717 but should not go beyond 1.07552. A break above 1.07552 will push the price further to the upper side towards 1.08717. This view can only be rendered futile in case the pair end up below 1.05765, if this case, then an acceleration to the lower side is inevitable. This pair should be traded alongside GBPUSD, NZDUSD, and GBPHKD. These pairs have a strong positive correlation of up to +89% and will have a similar price action during this intraday.

Trade Recommendations:

Expect a possible bullish price movements towards 1.07552.

Check the website for more information: https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/issue_85123.html

Link to comment
Share on other sites

  • 1 month later...

Euro still short but should retrace up to 1.06976

05 April 2017, EUR/USD

 

 

Euro still short but should retrace up to 1.06976

Wave Analysis:

Instead of going short as previously forecasted, euro continues to retrace to the upper side but should not go beyond 1.06976 from where we'll be looking to pick low risk sell opportunities. A break above 1.06979 will mean we're waiting for further bullish price movements towards 1.07373 from where we'll be expecting a possible rebound to go short. The anticipated sell positions should be the continuation of the impulsive wave (c) but should not go beyond 1.06194. The entire downward rally can only be invalidated in case the price end up above 1.07373, if this is the case, then an acceleration to the upper side will be inevitable. Expect a similar retracement in EURAUD, EURCAD and GBPUSD. These pairs will have a similar price action during this intraday.

Trade Recommendations:

We're waiting for a clear rebound around 1.06976 or 1.07373 to pick sell orders with an ideal target at 1.06194.
Check the website for more information: https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/issue_85613.html

Link to comment
Share on other sites

  • 2 months later...

Still corrections

23 June 2017, EUR/USD

 

 

fd6f4e74363865219da4bc07bed5e824.png

Wave Analysis:

Perfectly as previously anticipated, the corrective wave (b) continues to extend to the upper side but is still below our target rebound level 1.12859. During this intraday, we expect a possible extension of this correction to the upper side but should not go beyond 1.12859. Although this upward rally is highly anticipated, if a bearish candle can appear below 1.12859, then we'll sell the impulsive wave (c) to the lower side with an ideal target at 1.08649, Expect an exact opposite wave count in USDCHF, USDJPY and CHFJPY. These pairs have a strong negative correlation of up to -71% and will move in opposite price action during this intraday.
Trade Recommendations:
In the long run, expect a possible beatish price rally towards 1.08649
Check the website for more information: https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/issue_99661.html
Link to comment
Share on other sites

  • 3 weeks later...

We're short

13 July 2017, EUR/USD

 

 

We're short

Wave Analysis

This pair moved downwards yesterday,and is currently below a key resistance level 1.1467. the previous day's candle is a possible bearish confirmation candle on the daily chat, and the price will likely continue moving upwards, going to the support level 1.1285. The anticipated bearish price rally is a mere corrective three wave cycle correcting the immediate five wave cycle. A key support level can seen around 1.11372, as long as this level protects the lower side, we expect the anticipated three wave cycle not close below it. Expect a similar wave count in GBPUSD, AUDUSD and EURHKD. These pairs will have a similar price rally during this intraday.
Trade Recommendations:
 

Expect a possible bearish price rally towards 1.1285
Check the website for more information: https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/issue_123917.html

Link to comment
Share on other sites

  • 2 weeks later...

Inside bar followed by a bullish engulfing candle

21 July 2017, EUR/USD

 

 

Inside bar followed  by a bullish engulfing candle

Wave Analysis

Following the bullish inside bar seen on 19th of this month, the previous day's candle dropped slightly to the lower side before engulfing the previous candle to the upper side. This is a clear bullish dominance signal, and could mean the price may rise further upwards towards the weekly resistance level 1.17159. A breakout above this level will push the price further up but should not go beyond 1.22717. The anticipated upward rally is the continuation of the impulsive wave (v) to the upper side. This view can only be rendered futile in case the price break below 1.15107 and most importantly below 1.1465. If this should be the case, then an acceleration to the lower side will be inevitable. Trade this pair alongside USDJPY and USDCHF. These pairs have a strong negative correlation of up to -71% and will move in exact opposite price action during this intraday.
Trade Recommendations
Expect a possible bullish price rally towards 1.17159

 

FreshForex cancels commissions!
Check the website for more information: 
https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/issue_124035.html

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • 👍 Join TopGold.Forum Now

    We Connect  Money Makers With TOP Earning Opportunities!

    Join over 25,000 members and 700 businesses on their journey to strike GOLD. 💰🍾👍

    👩 Want to make money online? 
    💼 Represent a company? 

⤴️-Paid Ad- TGF approve this banner. Add your banner here.🔥

×
×
  • Create New...