Yen Crosses Reaching Extremes. Are They Ready For A Bounce?
In this blog, we would take a look at some Yen crosses to gather the bigger picture and also get an idea of whether they are ready for a bounce or there would be more downside before...
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FXY Longer Term Cycles & Elliott Wave
FXY Longer Term Cycles & Elliott Wave Firstly the FXY instrument inception date was 2/12/2007. The instrument tracks changes of the value of the Japanese Yen versus the US Dollar. There is plenty of data going back...
USDCAD Daily Analysis – October 14, 2019
USDCAD extended its downside movement from 1.3347 to as low as 1.3170, breaking below 1.3205 support. Further decline is still possible after a minor consolidation and next target would be at 1.3100 area. Near term resistance is...
USDJPY Daily Analysis – October 14, 2019
USDJPY extended its upside movement from 106.48 to as high as 108.62. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next...
AUDUSD Daily Analysis – October 14, 2019
AUDUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 0.6670. as long as the trend line support holds, the uptrend could be expected to continue and next target would...
GBPUSD Daily Analysis – October 14, 2019
GBPUSD remains in the uptrend from 1.2195, the pullback from 1.2707 is likely consolidation for the uptrend. Range trading between 1.2530 and 1.2707 would likely be seen in a couple of days. As long as 1.2530 support...
EURUSD Daily Analysis – October 14, 2019
EURUSD extended its upside movement from 1.0879 to as high as 1.1062. As long as the price is in the rising price channel on the 4-hour chart, the pullback from 1.1062 could be treated as consolidation for...
USDCAD Weekly Analysis – October 13, 2019
USDCAD failed to break above 1.3382 resistance and stayed in a trading range between 1.3133 and 1.3382. A breakdown below 1.3133 support could trigger another fall towards 1.2900. Resistance is at 1.3382, above here would aim 1.3500...
USDJPY Weekly Analysis – October 13, 2019
USDJPY broke above 108.47 resistance, suggesting that the uptrend from 104.44 has resumed. Further rally could be expected in a couple of weeks and next target would be at 111.00 area. Support is at 106.48, only break...
AUDUSD Weekly Analysis – October 13, 2019
AUDUSD is in consolidation for the downtrend from 0.7295. Another rise towards the bearish trend line on the daily chart would likely be seen in the coming days. As long as the trend line resistance holds, the...