GBPJPY Technical Analysis GBPJPY Daily Chart April 1/2019 : On April 1/2019 I posted chart on Twitter of the possibility that the pair could be forming a Bearish Head & Shoulders Breakout Pattern. Traders needed to be patient...
American Express (NYSE: AXP) is an American multinational financial services corporation that was founded in 1850. Since it’s IPO back in the seventies, AXP rallied in an initial Elliott Wave 5 waves impulsive structure which ended in 2000 with the...
USDCAD extended its downside movement from 1.3432 to as low as 1.3236, breaking below 1.3240 support. Further decline could be expected after a minor consolidation and next target would be at 1.3150 area. Resistance is at 1.3300,...
USDJPY broke below 107.81 support, suggesting that the downside movement from 112.40 (Apr 24 high) has resumed. Further decline could be expected and next target would be at 107.00 area. Resistance is at 108.00, only break above...
AUDUSD’s upside movement from 0.6831 extended to as high as 0.6908. Further rise could be expected and next target would be at 0.6950 area. Support is located at the rising trend line on the 4-hour chart, as...
GBPUSD broke above 1.2605 resistance, suggesting that the downside movement from 1.2762 had completed at 1.2505 already. Further rally could be expected and next target would be at 1.2750 area. Support is at 1.2580, only break below...
EURUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.1347 had completed at 1.1181 already. Further rally is still possible after a minor consolidation and next target would be...
USDCAD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.3240 had completed at 1.3432 already. Deeper decline would likely be seen in a couple of days and next target...
USDJPY stays in a trading range between 107.81 and 108.80. As long as 108.80 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 112.40 (Apr 24 high), further decline...
AUDUSD broke above the resistance of the falling price channel on the 4-hour chart, suggesting that the downside movement from 0.7021 had completed at 0.6831 already. Range trading between 0.6831 and 0.6930 would likely be seen over...
