AUDUSD Weekly Analysis – June 23, 2019
AUDUSD extended its downside movement from 0.7205 to as low as 0.6831. 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...
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GBPUSD Weekly Analysis – June 23, 2019
GBPUSD is facing 1.2762 resistance, a breakout of this level could trigger further upside movement towards the falling trend line on the daily chart. However, as long as 1.2762 resistance holds, the bounce from 1.2505 could be...
EURUSD Weekly Analysis – June 23, 2019
EURUSD broke above 1.1347 resistance, suggesting that the downtrend from 1.1570 had completed at 1.1106 already. Further rally could be expected in the coming days and next target would be at 1.1550 area. Support is at the...
USDCAD Daily Analysis – June 21, 2019
USDCAD’s downside movement from 1.3432 extended to as low as 1.3150. Further decline is still possible after a minor consolidation and next target would be at 1.3100 area. Resistance is at 1.3220, only break above this level...
USDJPY Daily Analysis – June 21, 2019
USDJPY extended its downside movement from 108.80 to as low as 107.12. Further decline is still possible after a minor consolidation and next target would be at 106.50 area. Resistance is at 107.50, a break of this...
AUDUSD Daily Analysis – June 21, 2019
AUDUSD extended its upside movement from 0.6831 to as high as 0.6937. Further rise is still possible in a couple of days and next target would be at 0.6970 area. Support is at 0.6910, a breakdown below...
GBPUSD Daily Analysis – June 21, 2019
GBPUSD remains in the uptrend from 1.2505, further rise could be expected after a minor consolidation and next target would be at 1.2762 resistance. Support is at 1.2660, only a breakdown below this level could bring the...
EURUSD Daily Analysis – June 21, 2019
EURUSD’s upside movement from 1.1181 extended to as high as 1.1317. Further rise is still possible after a minor consolidation and next target would be at 1.1347 resistance. Support is at 1.1260, only break below this level...
Elliott Wave View Calling for More Upside in Nasdaq
Nasdaq Futures (NQ_F) shows a higher high sequence from June 4 low, favoring further upside. Short term, rally to 7600.75 ended wave (1) and pullback to 7421.48 ended wave (2). Wave (3) rally is in progress as...
Australian Dollar Extends Weaknesses
Australian Dollar dropped further last week as unemployment figure came out higher than expected at 5.2%. The consensus has been for a dip to 5.1%. Australian unemployment rate has now risen 0.3% since February. The official number...