EURUSD and USDCHF look ready to resume their larger trends after the FOMC report. According to the Elliott Wave Principle, when the market has drawn a 5-3 wave model, at least another five waves should be expected in the direction of the previous five, thus making the whole pattern 5-3-5. So, our idea is to sell the euro against the US dollar and to buy the dollar against the swiss franc. Charts for both pairs are shown below:
EURUSD fell in the first week of August after the stronger than expected US jobs report raised expectations for more big rate hikes by...
The support area near 1.2800 caused a sharp rebound in USDCAD last week. Can the bulls be relied on going forward or is this...
At one point last week USDJPY was down by 900 pips from its July high, before making a sharp rebound to close above the...
EURUSD fell in the first week of August after the stronger than expected US jobs report raised expectations for...
The support area near 1.2800 caused a sharp rebound in USDCAD last week. Can the bulls be relied on...
At one point last week USDJPY was down by 900 pips from its July high, before making a sharp...
The invalidation level Elliott Wave analysis helped us identify is still intact and so is our outlook for EURUSD....
USDCAD is trying to recover, but is still in the doldrums, far below its July high of 1.3224. What...
USDJPY jumped sharply after a drop of 900 pips over the past month. Is it time to buy the...
EURUSD gained slightly in the last week of July despite the Fed's second consecutive 75 bps rate hike. Can...
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