GBPUSD : Buy & Sell Patterns
GBPUSD Bullish Scenario: A bullish pattern can be seen for another possible move higher but has yet to trigger buys at the BC 0.50% Fib. level. If looking to buy GBPUSD traders should be patient and wait for...
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Gold Price Broke Below Major Support Trend Line
XAUUSD’s downside movement from the June 6 high of 1295.94 extended to as low as 1218.45, breaking below the major support trend line from the January 27 low of 1180.51 to the May 9 low of 1214.17...
USD/JPY Forecast July 4, 2017, Technical Analysis
The US dollar skyrocketed against the Japanese yen during the session on Monday, touching the 113.50 level during the day. We are starting to pull back a little bit, as we are bit overextended, but quite frankly...
USD/CAD Forecast July 4, 2017, Technical Analysis
The US dollar rallied against the Canadian dollar during Monday, breaking above the 1.30 level. This is a bullish sign, as the 1.30 level needed to hold to keep hopes of bullish pressure alive. Remember that the...
GBP/USD Forecast July 4, 2017, Technical Analysis
The GBP/USD pair fell significantly during the day on Monday, as we go looking for the 1.29 level below. That’s an area that could cause a bit of support, and the strength of the British pound of...
EUR/USD Forecast July 4, 2017, Technical Analysis
The EUR/USD pair rolled over during the day on Monday, breaking towards the 1.1350 level as I record this. The market looks as if it is starting to show bearish pressure in a bit of significance, and...
AUD/USD Forecast July 4, 2017, Technical Analysis
The Australian dollar broke down during the day on Monday, reaching towards the 0.7650 level. Now that we have not found support underneath, the market looks likely to start picking up to the upside again, perhaps reaching...
EURUSD Retracement Setup (July 04, 2017)
EURUSD recently surged past the resistance at the 1.1250-1.1300 psychological levels then climbed close to the 1.1450 minor psychological resistance. Price retreated from here, indicating that a correction from the rally is happening. Applying the Fib tool...
USDCAD Daily Analysis – July 4, 2017
USDCAD stays in the bearish price channel on its 4-hour chart and remains in downtrend from 1.3347. As long as the pair is in the channel, the bounce from 1.2946 could be treated as consolidation of the...
USDJPY Daily Analysis – July 4, 2017
USDJPY continued its upside movement from 108.81 and the rise extended to as high as 113.47. Near term support is at the rising trend line on its 4-hour chart. As long as the pair is above the...