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Market Update 3/31 – Elliott Wave Implications for Euro Crosses
EURUSD appears to be completing an A-B-C decline from the 1.1185 high. The decline would consist of 2 equal legs at 1.1017 and the 61.8% retrace of the latest leg up is 1.1038. The lower parallel from the short term bullish fork is in line with these levels. Bottom line, look slightly lower before the next leg up gets underway.
Market Update 11/17 – USD Reversal?
EURUSD low today was 1.1263. How about that trendline! I can’t think of a better technical combination, a Fibonacci level and long term well-defined trendline, to mark an important turning point. I am bullish against the low. The first hurdle on the upside is the weekly opening price at 1.1446 followed by former support at 1.1525. Support should be 1.1290-1.1300.
Major GBPUSD Bullish Setup!
Scand.Ex is pleased to present the next video with trading analysis by Jamie Saettele, our Chief Technical Analyst.
Market Update: March 17
DXY focus is lower in a C wave towards 90.76/89. This zone is defined by the 61.8% retrace of the rally from the February low and where the decline from the March high would consist of 2 equal legs. 2021 VWAP and VWAP from the January low reinforce the level as potential support (see futures chart below).
Market Update 12/7 – Watch this Level in USDOLLAR
All eyes should be on the month+ USDOLLAR channel line. As noted last week, a break below would serve as the trigger that the USD has finally turned.
USDCAD Important Support Reached
Scand.Ex is pleased to present the next video with trading analysis by Jamie Saettele, our Chief Technical Analyst.