Gold Price Failed to Break above 1.295.44 Resistance
Under pressure by the resistance of the April 17 high of 1295.44, XAUUSD pulled back to 1265 and broke below the bullish trend line from the May 9 low of 1214.17 to the June 2 low of...
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GBPJPY Channel Support (June 12, 2017)
Guppy sold off sharply upon testing the channel resistance on its 4-hour time frame and is now hovering around support. A bearish flag pattern can be seen so a continuation of the move could lead to a...
USDCAD Daily Analysis – June 12, 2017
USDCAD failed to break above 1.3540 resistance and stays in the trading range between 1.3387 and 1.3540. As long as 1.3540 resistance holds, the price action in the range could be treated as consolidation of the downtrend...
USDJPY Daily Analysis – June 12, 2017
USDJPY continued its short term upward movement from 109.11 and the rise extended to as high as 110.81. Further rise could be expected and next target would be at around 111.30. Support levels are at 109.75 and...
AUDUSD Daily Analysis – June 12, 2017
AUDUSD is in consolidation of the uptrend from 0.7371. Range trading between 0.7450 and 0.7566 would likely be seen over the next several days. Key support is at 0.7450, as long as this levels holds, the uptrend...
GBPUSD Daily Analysis – June 12, 2017
GBPUSD is now in downtrend from 1.3047. Further decline could be expected over the next several days, and next target would be at 1.2600 area. Near term resistance is at 1.2850, as long as this level holds,...
EURUSD Daily Analysis – June 12, 2017
EURUSD’s fall from 1.1285 extended to as low as 1.1166. Deeper decline is still possible and next target would be at around 1.1130. However, as long as 1.1109 support holds, the fall would possibly be consolidation of...
10 Year Treasury Note (ZN) and SPX
Many traders around the World keep picking the top in Indices and fail to capitalise on the trend which is to the upside. Recently, we did an article to explain World Indices could see another huge peak around...
USD/JPY Forecast June 12, 2017, Technical Analysis
The USD/JPY pair broke higher during the Friday session, as we clear the 110 level. Not only did we clear that level, but we also broke above the 110.50 level, where we should start to see some...
USD/CAD Forecast June 12, 2017, Technical Analysis
The US dollar fell precipitously against the Canadian dollar after initially being very stable during the day on Friday. This was in reaction to a much stronger than anticipated employment number coming out of Canada, and this...