GBPUSD Daily Analysis – June 27, 2017
GBPUSD’s bounce from 1.2589 extended to as high as 1.2759. Further rise to test the resistance of the top trend line of the price channel on its 4-hour chart is possible. As long as the channel resistance...
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EURUSD Daily Analysis – June 27, 2017
EURUSD continued its sideways movement in a trading range between 1.1109 and 1.1295. The key support is at 1.1109, as long as this level holds, the sideways move could be treated as consolidation of the uptrend from...
IBB Forecasting the Rally & Buying the Dips
IBB ( iShares NASDAQ Biotechnology Index ETF ) tracks the performance of a market-cap-weighted index of biotechnology and pharmaceutical companies listed on the NASDAQ. In this Technical Blog we’re going to take a quick look at the past Elliott...
USDCHF Long-Term Range (Jun 26, 2017)
USDCHF has sold off recently but it could find strong support at a long-term range bottom around the .9500-.9550 levels. A bounce off this area could lead to a move back to the resistance at 1.0400 or...
EURGBP Is Facing Neckline Resistance
EURGBP’s bullish movement from the April 18 low of 0.8313 extended to as high as 0.8866. After touching the resistance of the January 16 high of 0.8851, the pair pulled back and formed a sideways movement in...
USDCAD Daily Analysis – June 26, 2017
USDCAD is in consolidation of the downtrend from 1.3793. Range trading between 1.3164 and 1.3400 would likely be seen over the next several days. Resistance is at 1.3400, as long as the pair is below this level,...
USDJPY Daily Analysis – June 26, 2017
USDJPY continued its sideways movement in a trading range between 110.64 and 111.78. Support level is at 110.64, as long as this level holds, the uptrend from 108.81 could be expected to continue and next target would...
AUDUSD Daily Analysis – June 26, 2017
AUDUSD remains in uptrend from 0.7371, the fall from 0.7635 is likely consolidation of the uptrend. Key support is at 0.7519, as long as this level holds, the uptrend could be expected to resume, and further rise...
GBPUSD Daily Analysis – June 26, 2017
GBPUSD stays in a falling price channel on its 4-hour chart and remains in downtrend from 1.3047. As long as the pair is in the channel, the bounce from 1.2589 could be treated as consolidation of the...
EURUSD Daily Analysis – June 26, 2017
EURUSD failed to break below 1.1109 support and stays in the trading range between 1.1109 and 1.1295. As long as the pair is above 1.1109 support, the price action in the trading range could be treated as...