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Elliott wave analysis of GBP/JPY for Jan 23, 2020
GBP/JPY has broken resistance at 144.53 (the high has been seen at 144.61) which has forced us to review our counts. We don’t think the...
Posted On 23 Jan 2020
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Elliott wave analysis of EUR/JPY for Jan 23, 2020
The correction from 122.88 has continued lower to the 50% corrective target at 121.46 and as long as resistance at 122.02 is able to cap the...
Posted On 23 Jan 2020
Forecast for EUR/USD on Jan 23, 2020
EUR/USD Yesterday, the euro rose by 11 points due to the strong growth of the British pound by 92 points after the House of Lords approved the...
Posted On 23 Jan 2020
Forecast for GBP/USD on Jan 23, 2020
GBP/USD On Wednesday, the House of Lords of the British Parliament passed the Brexit bill. The UK, as planned, will officially leave the EU on...
Posted On 23 Jan 2020
Forecast for AUD/USD on Jan 23, 2020
AUD / USD The Australian dollar absorbed a positive market sentiment relative to the British pound yesterday, and just this morning, this news...
Posted On 22 Jan 2020
Technical analysis of BTC/USD for Jan 22, 2020
Crypto Industry News: Central banks of Canada, Great Britain, Japan, the European Union, Sweden and Switzerland formed a group with the Bank for...
Posted On 22 Jan 2020
Technical analysis of ETH/USD for Jan 22, 2020
Crypto Industry News: The situation in the cryptocurrency space in Thailand is still developing – the country recently received another...
Posted On 22 Jan 2020
Elliott wave analysis of GBP/JPY for Jan 22, 2020
GBP/JPY spiked to a high of 143.97 before turning towards the downside again. We will look for a break below minor support at 143.19 and more...
Posted On 22 Jan 2020
Elliott wave analysis of EUR/JPY for Jan 22, 2020
EUR/JPY dipped to test the 38.2% corrective target at 121.77 which should be correction enough for wave 2 and could set the stage for a new...
Posted On 22 Jan 2020
Forecast for EUR/USD on Jan 22, 2020
EUR/USD ZEW Institute showed excellent business sentiment on Tuesday in the eurozone: the ZEW Economic Sentiment index in Germany grew from 10.7...
Posted On 21 Jan 2020
Forecast for GBP/USD on Jan 22, 2020
GBP/USD Optimistic employment data came out in the UK yesterday: 14.9 thousand applications for unemployment benefits were filed in December...
Posted On 21 Jan 2020
Forecast for USD/JPY on Jan 22, 2020
USD/JPY The dollar lost 30 points against the yen on Tuesday following the fall of the stock market (S&P 500) by 0.27%. The reason was a...
Posted On 21 Jan 2020
Technical analysis of ETH/USD for Jan 21, 2020
Crypto Industry News: The new Chainalysis study shows that terrorists are improving their financial operations using cryptocurrencies. Blockchain...
Posted On 21 Jan 2020
Technical analysis of BTC/USD for Jan 21, 2020
Crypto Industry News: The Bitcoin hash rate has reached a new one by marking the latest technical achievement of cryptocurrency. A new hash rate...
Posted On 21 Jan 2020
Technical analysis of GBP/USD for Jan 21, 2020
Technical Market Overview: The GBP/USD pair has broken below the lower channel boundary located at the level of 1.3055 and the bears continued...
Posted On 21 Jan 2020
Trading plan on EUR/USD for Jan 21, 2020
Euro tested the support at 1.1080, and bounced around quite a bit. Perhaps, this was due to the low volume of trading because of the weekend in...
Posted On 21 Jan 2020
Elliott wave analysis of GBP/JPY for Jan 21, 2020
GBP/JPY is trading in a very narrow range between 142.82 and 143.38. We expect a final move to just above 143.38 and then a turn lower through...
Posted On 21 Jan 2020
Technical analysis of ETH/USD for Jan 20, 2020
Crypto Industry News: Binance, one of the leading cryptocurrency exchanges in the world, has started discussions on a strategic partnership with...
Posted On 20 Jan 2020
Technical analysis of BTC/USD for Jan 20, 2020
Crypto Industry News: The Canadian authorities have issued new guidelines to determine which digital currency trading platforms are subject to...
Posted On 20 Jan 2020
Forecast for EUR/USD on Jan 20, 2020
EUR/USD Good US construction performance came out on Friday last week: 1.608 million y/y were pledged in December against new expectations of...
Posted On 19 Jan 2020
Forecast for GBP/USD on Jan 20, 2020
GBP/USD On Friday, the British pound followed the market after the release of optimistic US data: 1.608 million y/y new homes were pledged in...
Posted On 19 Jan 2020
Forecast for USD/JPY on Jan 20, 2020
USD/JPY The Japanese yen successfully completed key resistance on Friday: the triangle of convergence of the two lines of price channels, the...
Posted On 19 Jan 2020
Forecast for USD/CAD on Jan 20, 2020
USD/CAD The Canadian dollar is consolidating its sixth session at a correction level of 23.6% of the movement from November 20 to December 31....
Posted On 19 Jan 2020
Fractal analysis for major currency pairs on Jan 20, 2020
Forecast for January 20: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are:...
Posted On 19 Jan 2020
Elliott wave analysis of GBP/JPY for Jan 15, 2020
Key resistance at 143.50 continues to cap the upside as expected but we need a break below short-term key support at 142.34 to release the next...
Posted On 15 Jan 2020
Elliott wave analysis of EUR/JPY for Jan 15, 2020
We continue to look for more upside pressure towards 123.84 near-term. Before the next push higher, we could see a dip into the support-zone...
Posted On 15 Jan 2020
Forecast for AUD/USD on Jan 15, 2020
AUD/USD The Australian dollar has not shown initiative in a calm market for the past two days. The price on the daily chart is between the...
Posted On 14 Jan 2020
USD/CAD bounce in progress above support!
Trading Recommendation Entry: 1.30425 Reason for Entry: 50% and 38.2% Fibonacci retracement, graphical swing low Take Profit : 1.30950 Reason for...
Posted On 14 Jan 2020
EUR/USD bouncing off support, potential for further rise!
Trading Recommendation Entry: 1.10952 Reason for Entry: horizontal overlap support, 78.6% fibonacci retracement, 100% Fibonacci extension Take...
Posted On 14 Jan 2020
Technical analysis of ETH/USD for Jan 14, 2020
Crypto Industry News: The development organization Ethereum Classic warns the public about a possible fraud that is trying to exploit users the...
Posted On 14 Jan 2020
Technical analysis of BTC/USD for Jan 14, 2020
Crypto Industry News: A United States District Judge ruled that a previous sanction ordering Craig Wright to hand over half his Bitcoins to Dave...
Posted On 14 Jan 2020
Technical analysis of EUR/USD for Jan 14, 2020
Technical Market Overview: The EUR/USD pair has bounced from the technical support located at the level of 1.1091 and bulls have managed to...
Posted On 14 Jan 2020
Indicator analysis: Daily review on GBP/USD for Jan 14, 2020
Trend analysis (Fig. 1). Today, the price may push off from the support line 1.2965 presented in a white bold line and start moving up with the...
Posted On 14 Jan 2020
Elliott wave analysis of GBP/JPY for Jan 14, 2020
GBP/JPY found support at 142.38 but should continue to be capped by resistance at 143.50 for renewed downside pressure through support at 143.50...
Posted On 14 Jan 2020
Elliott wave analysis of EUR/JPY for Jan 14, 2020
EUR/JPY continues to move higher and has broken clearly above resistance at 122.22 telling us that our expectation for a second corrective...
Posted On 14 Jan 2020
Technical analysis of ETH/USD for Jan 13, 2020
Crypto Industry News: Mark Zuckerberg, CEO of Facebook, said the digital world needs supervision, listing government regulations as a potential...
Posted On 13 Jan 2020
Technical analysis of BTC/USD for Jan 13, 2020
Crypto Industry News: The offer of Bitcoin options from the CME exchange will certainly enrich the giant’s product menu. In September 2019,...
Posted On 13 Jan 2020
Forecast for EUR/USD on Jan 13, 2020
EUR/USD US employment data for December came out good. The increase in new jobs outside the agricultural sector (Nonfarm Payrolls) amounted to...
Posted On 13 Jan 2020
Forecast for GBP/USD on Jan 13, 2020
GBP/USD Quotes of the British pound are held for two days on the indicator line of the balance of the daily scale in red. Overcoming it will...
Posted On 13 Jan 2020
Forecast for AUD/USD on Jan 13, 2020
AUD/USD The Australian dollar took advantage of the temporary weakness of the US dollar and corrects from the fall of January 2-8. Before the...
Posted On 12 Jan 2020
Fractal analysis for major currency pairs on Jan 13, 2020
Forecast for January 3: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are:...
Posted On 12 Jan 2020
AUD/USD. Illusion of the Australian currency’s growth
The Asian session on Friday was rather quiet – the major currency pairs of the major group showed sluggish dynamics, continuing to slowly...
Posted On 10 Jan 2020
Elliott wave analysis of GBP/JPY for Jan 10, 2020
GBP/JPY is likely to fail to regain the 143.46 peak and break back below support at 142.40 for a new decline below 141.10 towards 139.25 and the...
Posted On 10 Jan 2020
Elliott wave analysis of EUR/JPY for Jan 10, 2020
EUR/JPY continues to move higher from the 120.15 low but is very tied. However, as long as support at 121.55 is able to protect the downside...
Posted On 10 Jan 2020
GBP/USD: plan for the European session on Jan 10, 2020
To open long positions on GBP/USD you need: The British pound managed to regain its position against the US dollar against yesterday’s...
Posted On 10 Jan 2020
EUR/USD: plan for the European session on Jan 10, 2020
To open long positions on EURUSD you need: Yesterday’s weekly report on the US labor market, as well as statements by the Federal Reserve...
Posted On 10 Jan 2020
Technical analysis of ETH/USD for Jan 9, 2020
Crypto Industry News: Coinbase said in a blog post that the Coinbase Pro mobile app is now available on the Android operating system. The Stock...
Posted On 09 Jan 2020
Technical analysis of BTC/USD for Jan 9, 2020
Crypto Industry News: Calibra Facebook is looking for two marketing specialists while the company continues to develop the Libra stablecoin...
Posted On 09 Jan 2020
GBP/USD: plan for the European session on Jan 9, 2020
To open long positions on GBP/USD you need: The British pound continues to be traded in the side channel of 1.3055-1.3205, going beyond which...
Posted On 09 Jan 2020
EUR/USD: plan for the European session on Jan 9, 2020
To open long positions on EURUSD you need: A good report from ADP on the growth in the number of employees in the US private sector led to the...
Posted On 09 Jan 2020
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Forexalchemy.com is made available as an online source of Foreign exchange trading information and related-materials only. By using ForexAlchemy you acknowledge and understand that we are not soliciting participation in Forex trading. You also acknowledge and agree that there are large potential risks associated with investment and trading activity and that you have accepted such risks before deciding to invest and before deciding to use ForexAlchemy as a source of trading-related information and materials. Please read our full disclaimer and terms of use before using this website:
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