EURCAD Possible Bearish Trade Setup 1.17.2017

EURCAD, Elliott Wave, bearish, elliottwave, sell, price action, breakout

EURCAD 1 Hour Technical Analysis January 17.2017 As long as EURCAD stays below 1.4055 we remain bearish and can expect for EURCAD to continue lower. In the first chart below we present an Elliott Wave bearish view and expect the pair to terminate red wave x in the 1.3994 - 1.4014 area which is also the 1.0% - 1.236% a Fib. Ext. area. We expect to see EURCAD form a top in this area and make a reverse lower. If looking to sell EURCAD stops must be placed at the invalidation level at … [Read more...]

EURCAD Elliott Wave Plus Bearish Patterns

EURCAD, bearish, Elliott Wave, elliottwave, patterns

EURCAD Technical Analysis January 12/2017 EURCAD 1 hour Elliott Wave count can be calling for more downside and also there are two possible bearish patterns to match the bearish Elliott Wave count. As long as the pair stays below 1.4055 we can expect the pair to continue lower. Both the Elliott Wave and bearish patterns invalidate at 1.4055 and if the pair breaks above this invalidation level we can expect the pair to correct higher. As for now we remain bearish as long as the invalidation … [Read more...]

EURCAD Technical Analysis January 11 2017

Elliott Wave, Pattern, EURCAD, technical, analysis, trend , bearish

EURCAD trend on the weekly and daily chart is bearish so traders should continue to look for selling opportunities and expect the pair to continue lower until a clear trend change shows that the down cycle is over. We at Elliott Wave Forecast always advise our members to always trade with the trend and not against it. Below we will show scenarios that follow this practice and possible scenarios where traders can act on and watch for selling opportunities. EURCAD 4 Hour showing clear … [Read more...]

AUDJPY Elliott Wave Count & Bullish Pattern?

AUDJPY, Elliott Wave, elliottwave, bullish, pattern

AUDJPY Technical Analysis: Elliott Wave count on the 1 hour chart calling for possible move higher together with a bullish pattern (blue) also calling for move higher. Both the Elliott Wave count and blue bullish pattern invalidates at the 83.71 level. As long AUDJPY stays above 83.71 we can expect AUDJPY to extend higher. AUDJPY 1 Hour January 6/2017 Bullish Elliott Wave Count AUDJPY 1 Hour January 6/2017 Bullish Pattern *** Always use proper risk/money management according to … [Read more...]

GBPAUD Elliott Wave Calling Possible Bounce Higher?

GBPAUD, Elliott Wave, Elliottwave, Bullish Pattern, Harmonic Pattern

GBPAUD has been trending higher on the 1 hour and 4 hour time frames since October 7/2016. Elliott Wave forecast analysis can also be calling for the pair to continue the trend and push higher. We at Elliottwave-Forecast always recommend our clients to trade with the trend and not against it. We also understand that Elliott Wave on it's own is not enough to forecast so we combine other trading strategies to compliment the analysis as you will see in the charts below. In the first chart an … [Read more...]

Will USDJPY Find Support and Continue Higher?

uj 1h blog

*Forecast invalidated / Patterns invalidated* USDJPY is trending up on the 4 hour and 1 hour time frames so it is best to follow the trend and look for any possible bullish scenarios that shows USDJPY can continue higher. On the chart below we can see two possible bullish patterns (blue, red) with both BUY trigger levels practically aligned. These bullish patterns can push USDJPY higher and it is strongly possible that the pair will find support and bounce in the 104.35 - 103.85 area. Buyers … [Read more...]