EUR/USD is correcting, still likely to fall. Estimated pivot point is at a level of 1.1167. Main scenario: short positions should be considered from corrections below the level of 1.1167 with a target of 1.0500 – 1.0327. Alternative scenario: breakout and consolidation above the level of 1.1167 will allow the pair to continue the rise […]
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USD/CHF: Elliott wave analysis and forecast for 27/03/2020 – 03/04/2020
The pair USDCHF remains likely to fall. Estimated pivot point is at a level of 0.9908. Main scenario: short positions should be considered from corrections below the level of 0.9908 with a target of 0.9167 – 0.9000. Alternative scenario: breakout and consolidation above the level of 0.9908 will allow the pair to continue the rise […]
USD/CAD: Elliott wave analysis and forecast for 27/03/2020 – 03/04/2020
The USD/CAD pair is correcting, still likely to grow. Estimated pivot point is at a level of 1.3753. Main scenario: long positions should be considered above the level of 1.3753 with a target of 1.4800 – 1.5000 once the correction has formed. Alternative scenario: breakout and consolidation below the level of 1.3753 will allow the […]
Euro is up against all odds
EUR/USD is rising despite the difficult epidemiological situation and a deep recession of the euro area economy While Rome burns, and not only Rome, the U.S. stock are rising against all the odds. Supported by large fiscal and monetary stimuli, the S&P 500 is 20% from the lows recorded in March, followed by the EUR/USD. […]
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