Forex Technical Analysis
Here is another Forex signal using the Elliot Waves and Fibonacci Levels method. Good luck!
The US stock markets closed on mixed territory yesterday on the background of disappointing ADP Non-Farm employment change data, which might indicate that the official data tomorrow will disappoint as well, but we will have to wait and see.
Does this trader recommend selling? Find out from this Forex EUR/JPY signal and get your target!
As the end of the week approaches, see how your favorite pairs have been doing and where they may be headed.
EUR/USD fell hard on Wednesday as the downtrend line continues to keep the bulls at bay. The pair is one that I only sell – and sometimes get grief for doing so – but overall, you can’t help but think that Europe simply isn’t worth bothering with.
USD/JPY rose during the Wednesday session as the 80 level proved to be supportive. The last couple of days have seen this pair try to find a bullish tone, and as a result we now have the market trading above the 80 handle again.
AUD/USD fell for most of the session on Wednesday as the “risk off” attitude came back into the markets in general. As the price of commodities fall, the Aussie will often lose strength, so the move for the session wasn’t exactly shocking.
XAU/USD has been trading in an ever tightening channel making lower highs and lower lows (for the most part) since the beginning of March.
Get this EUR/USD signal based on Elliott Waves and Fibonacci from the pro trading desk at DailyForex.com.
USD/CHF signal based on Elliott Waves and Fibonacci levels - check it out now to find your position.
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