Short Term Forex Analysis
USDCAD Daily Analysis – August 21, 2020
USDCAD extended its downside movement from 1.3715 (Jun 26 high) to as low as 1.3132. As long as the price …USDJPY Daily Analysis – August 21, 2020
USDJPY is now in the downtrend from 107.05, the bounce from 105.10 is likely corrective consolidation for the downtrend. Further …AUDUSD Daily Analysis – August 21, 2020
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.6776 (Jun 15 …GBPUSD Daily Analysis – August 21, 2020
GBPUSD broke above 1.3185 resistance and extended its upside movement from 1.2251 (Jun 29 low) to as high as 1.3266. …EURUSD Daily Analysis – August 21, 2020
EURUSD extended its upside movement from 1.1168 (Jun 19 low) to as high as 1.1965. Further rise would likely be …
Long Term Forex Analysis
USDCAD Weekly Analysis – October 4, 2020
USDCAD broke above the top of the falling price channel on the daily chart and is now in the uptrend …USDJPY Weekly Analysis – October 4, 2020
USDJPY moved sideways in a trading range between 104.00 and 107.05. As long as the price is below the falling …AUDUSD Weekly Analysis – October 4, 2020
AUDUSD extended its downside movement from 0.7413 to as low as 0.7005. Further decline would likely be seen and next …GBPUSD Weekly Analysis – October 4, 2020
GBPUSD remains in the downtrend from 1.3482, the bounce from 1.2674 is likely consolidation for the downtrend, and further decline …EURUSD Weekly Analysis – October 4, 2020
EURUSD’s fall from 1.2010 extended to as low as 1.1612. Deeper decline is still possible next week and next target …
Special Focus
Gold Price Is Facing Triangle Pattern Resistance
XAUUSD is facing the resistance of the upper trend line (now at around 1343.00) of the triangle pattern on its …USDCNH Formed Triangle Pattern On Daily Chart
The USDCNH pair formed a triangle pattern on its daily chart for several weeks. All we can do is wait …AUDUSD Ran In Falling Channel On Daily Chart
The AUDUSD pair ran in a falling price channel on the daily chart. Price just bounced off the top trend …GBPJPY Failed To Break Below 146.93 Support
GBPJPY failed in its attempt to break below 146.93 support, and stayed in a trading range between 146.93 and 152.85. …GBPJPY Moved Sideways Between 146.93 and 152.85
GBPJPY moved sideways in a trading range between 146.93 and 152.85 for several weeks. Support is at 146.93, as long …
Daily Forex Reports
S&P500 ( $SPX ) Elliott Wave Forecasting The Path
Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of S&P …$VKTX: Viking Therapeutics Started New Bullish Cycle
Viking Therapeutics Inc. is an innovative biotechnology company developing novel therapeutics for metabolic and endocrine diseases. Metabolic and rare disease …HG_F: Copper Futures – Reaction Higher from Equal Legs Area
Hello Traders, in this article we will analyze how we were able to forecast here at Elliott Wave Forecast the …USDJPY Reacting Lower From The Equal Legs Area
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of USDJPY. In …Gold to Silver Ratio Has Started the Next Bearish Leg
With tense geopolitical situation between two world super powers, ongoing war, and banking crisis, there’s no shortage of black swan …