EURUSD Daily Analysis – May 30, 2018
EURUSD extended its downside movement from 1.1996 to as low as 1.1510. 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...
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The CAC 40 Index Long Term Bullish Cycles
The CAC 40 Index Long Term Bullish Cycles Firstly the CAC 40 index long term bullish cycles have been trending higher with other world indices. In September 2000 it put in an all time high. From there...
EURUSD Elliott Wave View: Bounces Are Expected To Fail
EURUSD short-term Elliott wave view suggests that the decline from ( 1.1996 ) 5/14/2018 peak is unfolding as ending diagonal structure in Intermediate wave (5) lower as mentioned in the previous post here. The internals of each of leg in ending diagonal structure is...
6 Best Forex Indicators For Beginners
Forex trading is the buying and selling of currencies in a global market. It is a decentralized industry where traders interact over the counter. This market is huge and immensely liquid due to a trading volume which...
USDCAD Daily Analysis – May 29, 2018
USDCAD extended its upside movement from 1.2728 to as high as 1.3021, breaking above 1.2997 resistance. Further rise is still possible and next target would be at 1.3100 area. Support is at the bullish trend line on...
USDJPY Daily Analysis – May 29, 2018
USDJPY broke below 108.95 support, suggesting that the downside movement from 111.39 has resumed. Further decline could be expected and next target would be at 108.00 area. Resistance is now at 109.82, as long as this level...
AUDUSD Daily Analysis – May 29, 2018
AUDUSD broke below 0.7522 support. Deeper decline would likely be seen and the target would be at the bottom support trend line of the price channel on the 4-hour chart. A clear break below the channel support...
GBPUSD Daily Analysis – May 29, 2018
GBPUSD stays in a falling price channel on its 4-hour chart and remains in the downtrend from 1.3617. As long as the price is in the channel, the downside movement could be expected to continue and next...
EURUSD Daily Analysis – May 29, 2018
EURUSD remains in the downtrend from 1.1996. 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 target would be at 1.1500...
USDCAD Daily Analysis – May 28, 2018
USDCAD broke above 1.2924 resistance and is now facing 1.2997 resistance. A breakout of this level would take the price to 1.3100 area. Near term support is at the rising trend line on the 4-hour chart, only...