We have seen this price compression many times and frankly it offers two diametrically opposed outlooks. Considering the explosive nature of the third wave rally from 106 to 113, we suspect this momentum loss is taking shape as a rising wedge pattern. While it projects marginal new highs in the 114.20 to 114.30 region be [...]

The downside correction has been rather aggressive but has held the critical 1.5715 pivot point at the top of wave One. As this base holds we have to respect the uptrend potential to extend the rally to 1.5940 and even an attempt at the former 1.5995 peak. However, revert to cautious stance and possibly sell [...]

The Euro uptrend has been relentless in which I can only describe as an extended fifth wave. None-the-less as the 1.3500 pivot point now holds we would expect the rally to continue directly to the next 1.3690 resistance point. As this level contains, be wary of any breach of this key 1.3500 support level to [...]

Technical Analysis or the study of price action provides valuable insight into the probable direction of Forex markets and offers Forex Signals with the use of Elliott Wave projections and pattern recognition….