ew-forecast.com's  Instablog

ew-forecast.com
Send Message
We are providing technical analyzes for the financial markets and how they behave based on the Elliott Wave Principle. The Elliott Wave Principle gives you a method for identifying at what points a market is most likely to turn. And that, in turn, gives you guidance as to where you might enter... More
My company:
ew-forecast
  • EURUSD Could Move Above 1.3600-Elliott Wave Forecast 0 comments
    Sep 23, 2013 3:50 AM

    EURUSD closed above 1.3500 figure last week which suggests more upside in this week. The reason for bullish outlook in the short-term is a sharp rally from 1.3320 low which appears to be a third leg within a third based on the personality of the move. Recently a third leg has stopped in 1.3565 so we suspect that current contra-trend movement is wave iv) that could look for completion around the upper trendline of a base channel. Keep in mind that larger trend is up and that uptrend could resume soon into wave v) of (iii) towards 1.3620. This outlook remains valid as long as 1.3384 level is not breached.

    EURUSD 4h Elliott Wave Analysis

    (click to enlarge)

    Written by www.ew-forecast.com | Try EW-Forecast.com's Services Free For 7 Days at http://www.ew-forecast.com/service

Back To ew-forecast.com's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • Article about $OIL and $CAD with a lot of charts.. will OIL and CAD gain? >>>>>> https://goo.gl/ffjWjX
    about 20 hours ago
  • EURAUD is turning up strongly... price now 200 pips away from our highlighted support area! >>> http://goo.gl/P9yyzz
    Sep 9, 2016
  • USDCHF: Before Brexit happened and today! Just listen the price action. https://t.co/M9drn1oKNw
    Jun 24, 2016
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.