USDJPY Daily Analysis – March 23, 2017
USDJPY ran in the descending price channel on 4-hours chart and the downward movement from 115.50 extended to as low as 110.73. Near resistance is at the top of the price channel. As long as the channel...
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AUDUSD Daily Analysis – March 23, 2017
AUDUSD broke below 0.7663 support, indicating that the uptrend from 0.7490 had completed at 0.7749 already. The pair is now in downtrend, further decline could be expected in a couple of days, and next target would be...
GBPUSD Daily Analysis – March 23, 2017
GBPUSD stays above the rising trend line on 4-hours chart, indicating that the pair remains in uptrend from 1.2109. As long as the trend line support holds, the uptrend could be expected to continue and next target...
EURUSD Daily Analysis – March 23, 2017
EURUSD remains in uptrend from 1.0494 and the rise extended to as high as 1.0824. Support is at the bottom of the price channel on 4-hours chart. As long as the pair stays in the channel, the...
USDJPY Elliott wave View: Near bounce
Short term Elliott Wave view in USDJPY suggests that rally to 115.48 on 3/10 ended Intermediate wave (X). Decline from there is unfolding as a zigzag Elliott wave structure in which the first leg Minor wave A is subdivided...
GBPUSD Long-Term Ceiling (Mar 22, 2017)
GBPUSD has been moving back and forth between support at the 1.2100 major psychological level and resistance at 1.2700. Price just bounced off the floor recently and seems to be setting its sights on the top of...
USD/JPY Forecast March 22, 2017, Technical Analysis
USD/JPY daily chart, March 22, 2017 The USD/JPY pair initially tried to rally on Tuesday but found enough resistance above the 112.50 level to turn things around and form a negative candle. By doing so, looks as...
USD/CAD Forecast March 22, 2017, Technical Analysis
USD/CAD daily chart, March 22, 2017 The USD/CAD pair fell during the day on Tuesday, breaking towards the 1.3250 level. However, the Crude Oil Inventories announcement coming out today of course will cause quite a bit of...
GBP/USD Forecast March 22, 2017, Technical Analysis
GBP/USD daily chart, March 22, 2017 The GBP/USD pair initially fell during the day on Tuesday, but shot straight up in the air as we reach towards the 1.25 handle. That’s an area that has a lot...
EUR/USD Forecast March 22, 2017, Technical Analysis
EUR/USD daily chart, March 22, 2017 The EUR/USD pair broke higher during the day on Tuesday, clearing quite a bit of resistance. If we can break above the top of the range for the session on Tuesday,...