EURUSD Daily Analysis – March 2, 2020
EURUSD’s upside movement from 1.0778 to as high as 1.1073. Further rise is still possible in a couple of days and next target would be at 1.1100 area. Key support is at 1.0950, a breakdown below this...
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USDCAD Weekly Analysis – March 1, 2020
USDCAD broke above the falling price channel on the daily chart and extended its upside movement from 1.2951 to as high as 1.3463. Further rise could be expected in a couple of weeks and next target would...
USDJPY Weekly Analysis – March 1, 2020
USDJPY is now in the downtrend from 112.22. Further decline would likely be seen after a minor consolidation and next target would be at 105.00 area. Near term resistance is at 109.00, as long as this level...
AUDUSD Weekly Analysis – March 1, 2020
AUDUSD’s downside movement from 0.7031 extended to as low as 0.6433. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next target...
GBPUSD Weekly Analysis – March 1, 2020
GBPUSD stays below a falling trend line on the daily chart and remains in the downtrend from 1.3514. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
EURUSD Weekly Analysis – March 1, 2020
EURUSD broke above the falling price channel on the daily chart, suggesting that the downside movement from 1.1239 had completed at 1.0778 already. Further rally would likely be seen and next target would be at 1.1150, followed...
How Moving Averages Help You to Define the Trend
By Elliott Wave International The “moving average” is a technical indicator of market strength which has stood the test of time. More than 30 years ago, Elliott Wave International President Robert Prechter described this indicator in his...
Elliott Wave View: Dow Jones Futures (YM_F) Target Lower
Short term Elliott Wave view in Dow Futures (YM_F) suggests the Index ended the cycle up from October 3, 2011 low in wave (III) at 29543 high. The index is correcting that cycle in wave (IV) as...
USDCAD Daily Analysis – February 28, 2020
USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.3201. As long as the trend line support holds, the upside movement could be expected to continue and next target...
USDJPY Daily Analysis – February 28, 2020
USDJPY extended its downside movement from 112.22 to as low as 109.32. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...