EURUSD weekly outlook 10-07-2016

EURUSD sideways correction still on… EURUSD is still in a sideways corrective structure in 4H and 1H timeframes. As per last week’s expectation, the market did break to the downside. But there was not enough conviction in the break, nor there was impulsive momentum. On a technical standpoint, the EURUSD has still no directional bias. Hence …

Elliott Wave analysis on weekly charts

Elliott wave analysis is the most fascinating method to forecast the waves and the direction of any instrument. Elliott developed the wave principle as a tool to understand the current market position of the price. But Elliott wave analysis also can provide important clues about the immediate future. USD Index USD Index chart waves are not labelled, but as you can …

GBPUSD weekly outlook 03-07-2016

GBPUSD Fundamental analysis Upcoming week will be a decisive one for the cable. For one reason there is the speech of Carney on Tuesday the 5th. The financial world is eager to learn the policy-developments of GBP, especially after the Brexit. In his last speech he did stress on uncertainty. However, he also gave clues that …

EURUSD Weekly outlook 03-07-2016

EURUSD in a messy correction EURUSD is in a corrective rally and continued to recover from the Brexit drop. Although the week closed higher than the open, the structure of the rally is pretty much corrective. Short terms trades are next to impossible until there will be enough signs of a completed corrective structure. At …

EURUSD analysis – what to expect after Brexit

Eurusd what next after brexit weekly chart

Will EUR experience further decline? Eurusd is in a vulnerable position after the unexpected Brexit vote on 24th. While nearly half of the British voters wanted to keep their identity as a “European” superpower, it just wasn’t enough to keep Britain in the EU. Not only both currencies (EUR and GBP) are expected to go through a turbulent period, …