Page 1125 – Forex Market Analysis

USDCAD Daily Analysis – April 27, 2017

USDCAD stays in a rising price channel on 4-hour chart and remains in uptrend from 1.3223. As long as the pair is in the channel, the fall from 1.3647 could be treated as consolidation of the uptrend,...

USDJPY Daily Analysis – April 27, 2017

USDJPY continued its upward movement from 108.13 and the rise extended to as high as 111.77. Support is at 110.50, as long as this level holds, the uptrend could be expected to continue and next target would...

AUDUSD Daily Analysis – April 27, 2017

AUDUSD broke out of the triangle pattern and continued its downward movement from 0.7749. Further decline could be expected in a couple of days, and next target would be at 0.7400 area. Resistance is at 0.7540, only...

GBPUSD Daily Analysis – April 27, 2017

GBPUSD continued its sideways movement in a trading range between 1.2756 and 1.2904. Support is at 1.2700, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3000...

EURUSD Daily Analysis – April 27, 2017

EURUSD remains in uptrend from 1.0569, the fall from 1.0950 could be treated as consolidation of the uptrend. Support is at 1.0820, as long as this level holds, the uptrend could be expected to continue, and next...

Elliott Wave Theory: Is Elliott’s Theory enough?

Elliott Wave Theory: Is Elliott’s Theory a system in itself? As many traders know, The Elliott wave Theory is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying...

USDCAD Elliott Wave View: More Upside

Short term Elliott Wave view in USDCAD suggest the decline to 1.322 ended Intermediate wave (X). Revised view suggests that the rally from there is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ended at 1.3525 and Minute...

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