GBPUSD Weekly Analysis – July 7, 2019
GBPUSD extended its downside movement from 1.3381 to as low as 1.2480. As long as the price is in the falling price channel on the daily chart, the downside movement could be expected to continue and next...
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EURUSD Weekly Analysis – July 7, 2019
EURUSD broke below the rising trend line on the daily chart, suggesting that the bounce from 1.1106 had completed at 1.1412 already. Further decline would likely be seen in a couple of weeks and next target would...
USDCAD Daily Analysis – July 5, 2019
USDCAD’s downside movement from 1.3432 extended to as low as 1.3036. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next target...
USDJPY Daily Analysis – July 5, 2019
USDJPY’s downside movement from 108.53 extended to as low as 107.53. Further decline could be expected after a minor consolidation and next target would be at 107.00 area. Resistance is at 108.00, only break above this level...
AUDUSD Daily Analysis – July 5, 2019
AUDUSD broke above 0.7034 resistance, suggesting that the upside movement from 0.6831 has resumed. Further rise could be expected in the coming days and next target would be at 0.7080 area. Near term support is at 0.7010,...
GBPUSD Daily Analysis – July 5, 2019
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.2783. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...
EURUSD Daily Analysis – July 5, 2019
EURUSD stays in a trading range between 1.1268 and 1.1321. As long as 1.1321 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.1412, a breakdown below 1.1268 support...
Kospi Long Term Cycles Remain Bullish
Kospi Long Term Cycles Remain Bullish The KOSPI Index in the long term has been trending higher with other world indices since inception in 1983. The index began with a base value set at 100 and trended higher...
Nifty Elliott Wave View: Buying The Dips At Blue Box Areas
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave Charts of Nifty index from India, which we presented to members at elliottwave-forecast.com. In which, the rally from 1/29/2019...
G20 Temporary Truce between USA and China May Boost Market Sentiment
The highly anticipated meeting between the U.S. and China during G20 meeting in Japan has concluded. Both parties agree to resume the trade talks and the U.S also agreed to put on hold additional tariffs on $325...