Saturday 18 Aug 2018

Weekly Forex Market Commentary

By GFT (GFT) · August 5, 2008 · No comments
Forex Market Overview ·

Geopolitical and systemic risk, along with the fundamental change in energy costs, pressured the dollar during the past week, but only the euro and the Australian dollar surged. Sunday brought some sort of solution to the problem, so the US currency has a good chance to make at least a minor recovery. But keep an eye on the shaky S&P 500.??

GFT

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USDJPY short-term Elliott Wave view suggests that the rally to 111.13 high ended Minute wave ((i)). Down from there, the

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EURJPY short-term Elliott wave analysis suggests that the decline to $126.63 on 6/19 low ended intermediate wave (2) pullback. Up

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USDSGD short-term Elliott wave view suggests that the decline to 1.3299 on 6/07 low ended primary wave ((X)) pullback. Above

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USDJPY short-term Elliott wave view suggests that the rally to 110.91 high ended Minor wave 1 & also the cycle

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Forex Market Overview

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Weekly Forex Market Commentary

GFT

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Weekly Forex Market Commentary

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