Category Archives: Technical Analisys

EUR/GBP consolidates and continues to struggle at the familiar resistance at the 10-D SMA

EUR/GBP bulls made territory back in the rising channel formed back in late June down at 0.8730. The pound has been under pressure and only a break above the 10-D SMA vs the dollar might send a message to the bulls that the sterling is making a comeback, *back above the descending support line (29th…

Japanese Yen Rally On The Way? Elliott Wave Says Yes

When we wrote in April about the CurrencyShares Japanese Yen Trust ETF (NYSEARCA: FXY), we suggested that the preceding rally was exhausted and that nearby resistance should hold.

That forecast worked very well, and the correct trade from that point was downward. However, the lack of a forceful f…

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