ElliottWave-Forecast has built its reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts for 78 instruments including Forex, Commodities, Indices and a number of stocks & etfs from around the World. Technical Videos, Elliott Wave Setup .
The RSI resistance #1 at 50 is broken, so the probability of continuation of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 1.8997 on 07/22/2020, so more gains to resistance(s) 2.0255, 2.0765, 2.1035 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic ... Follow our weekly forecast for forex and gold and find expert predictions, analysis and currency forecast tools to help you trade more consistently. View more. AUSTRALIAN DOLLAR. The EURUSD found a bid last week at 1.1610. While it may not be evident from the daily chart, a view of the monthly time frame going back to mid-2016 shows why 1.1610 is significant. However, the monthly chart also shows a bearish engulfing candle for September. That could trigger additional losses later this year. Get live updates on the EUR/USD rate with the interactive chart. Read the latest EUR/USD forecasts, news and analysis provided by the DailyFX team. Forex analysis, forecasts, trading signals, and commentary on major and exotic currency pairs.
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