Tag Archives: USD

USDCHF Buy Into Dips

Nenad Kerkez

While we are patiently waiting for FOMC meeting we need to know that interest rate differential between US and Switzerland definitely favors the dollar. Having a record unemployment rate at 5.1 % FOMC is a step closer to rate hike and recent Yellen comments suggested that China turmoil had no significant impact on FED’s plans about the hike. more…

EURUSD Could Trade Lower

Gregor Horvat

EURUSD moved sharply to the upside In August, up to 1.1700 area from where price turned nicely down two weeks back. A sharp decline to 1.1100 suggests that pair found a top and most likely accomplished a corrective wave IV rally from March 11, that we labeled it now as three wave move with a triangle in the middle. That’s a completed contra-trend move that is pointing to weaker EUR now; down into wave V that will be targeting new lows. more…

EURUSD Rally Over?

Ville Vainio

Since the upwards correction has extended, i have made a small revision on my charts. The Fibonacci expansion tool on the chart shows that EURUSD has almost advanced to 161,8% Fibonacci expansion level at 1.136. This is a measurement of the relationship between corrective wave A and C (wave C would be 1.618 times waves A) This is important wave relationship in Elliott wave theory and gives good target for the correction to end. more…

USDJPY Targets 116.6

Ville Vainio

USDJPY continued the decline after NFP on Friday. My preferred wave count is looking for a 3 wave structure and is looking at this decline as wave 2 correction on the way higher. Fibonacci expansion tool on the charts gives targets of 118.6 and 116.6 respectively. These levels are 100% and 161.8% relationships for wave C to wave A. more…

EURUSD Is Bullish Above 1.1260

Nenad Kerkez

If you remember my past articles about EURUSD on 25.AUG I warned that 1.1255 is crucial for EURUSD upside. EURUSD dropped mainly because of Chinese equity markets, Shaghai index and EUROSTOXX50 futures especially at London open. Some hawkish comments about possible rate hike also gave boost to USDx which additionally lowered the pair. Yesterday we saw 2 rejections from 1.1260 each for 50+ pips and finally 1.1260 level was broken again. PMI rose to 53.3 from 51.8 and it better then preliminary estimate. more…

EURUSD Eyes New Lows

Ville Vainio

EURUSD has declined and closed below the critical level of 1.1213. This gives a stronger signal to the preferred wave count which proposes that the recent decline is the start of final larger wave down. The last wave of this massive decline should take EURUSD below the recent long term low of 1.046 and conclude the whole decline from 1.40 that started over a year ago. more…