EURUSD Daily Analysis – July 26, 2017
EURUSD extended its bullish movement from 1.1312 to as high as 1.1712. As long as the pair is above the ascending trend line on the 4-hour chart, the bullish movement could be expected to continue and next...
Category:
USDCNH Is Facing 6.7210 Support
The USDCNH pair failed to settle above 6.8450 resistance and pulled back to 6.7400 area, facing the previous low support at 6.7210. As mentioned before, the pullback would possibly be correction of the uptrend from 6.7210. On...
USD/JPY Forecast July 25, 2017, Technical Analysis
The USD/JPY pair fell initially during the day on Monday, within rallied a bit. It fell again, and then rallied again. It looks as if we are trying to make some type of stand near the 111...
USD/CAD Forecast July 25, 2017, Technical Analysis
The USD/CAD pair broke down significantly during the early part of the trading session on Monday, breaking below the 1.25 handle. The 1.25 level of course is a significant round number, and of course will attract a...
GBP/USD Forecast July 25, 2017, Technical Analysis
The British pound initially rally during the Monday session, but pulled back to the opening price in order to find buying pressure. It did, so therefore we continue to grind higher, and it looks as if the...
EUR/USD Forecast July 25, 2017, Technical Analysis
The EUR/USD pair went sideways during the session on Monday, and broke down towards the 1.1625 handle underneath. The market finding support underneath is not much of a surprise, because it had been resistive. I believe that...
AUD/USD Forecast July 25, 2017, Technical Analysis
The Australian dollar initially when higher during the day and then pulled back on Monday as we continue to see volatility. The 0.80 level above should be massive resistance, but if we can break above there I...
EURUSD Channel Correction (July 25, 2017)
EURUSD has been trending higher after breaking past a long-term resistance level last week. Price is trading inside an ascending channel visible on its 1-hour time frame and is currently bouncing off the resistance. This could spur...
The Myth of Shocks
By Robert Prechter Few people find a new theory accessible until they first see errors in the old way of thinking. Part I of this book challenges the universally accepted paradigm under which humans’ rational reactions to...
USDCAD Daily Analysis – July 25, 2017
USDCAD’s bearish movement from 1.3347 extended to as low as 1.2483, facing the important support at 1.2460 (May 2016 low). Near term resistance is at the falling trend line on the 4-hour chart. As long as the...