Near term patterns SUGGEST that at least a near term (near term meaning 1-3 days) USD low is in place.
FXCM Expo Videos
Innovative Techniques with Traditional Technical Indicators
Trading with the Elliott Wave Principle
Seeing the Forest from the Trees: An Analysis of Global Markets
Afternoon Technicals (all charts)
Other TA (crosses, COT, etc.)
Yesterday’s afternoon technicals cover the bigger picture but near term patterns (5 wave rallies in EURUSD and GBPUSD, possible zigzag in AUDUSD) are clear and SUGGEST that at least a USD near term (near term meaning 1-3 days) low may be in place. Regarding the AUDUSD, the rally from June 1 is a triangle leg and upside potential as high as 10600+ exists over the next week or two but the double zigzag structure from 10173 suggests at least a pullback.
EURUSD – 60 Minute Bars
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Prepared by Jamie Saettele, CMT
GBPUSD – 60 Minute Bars
Image may be NSFW.
Clik here to view.
Prepared by Jamie Saettele, CMT
AUDUSD – 60 Minute Bars
Image may be NSFW.
Clik here to view.
Prepared by Jamie Saettele, CMT
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Jamie is the author of Sentiment in the Forex Market.
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This article (Impuslive EURUSD Rally Gives Scope to Pullback) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.
