EURUSD Weekly Analysis – December 3, 2017
EURUSD stays above a rising trend line on the daily chart and remains in the short term uptrend from 1.1554. As long as the price is above the trend line, the upside movement could be expected to...
Category:
USD/JPY Price Forecast December 4, 2017, Technical Analysis
During the Friday session, the USD/JPY pair was very noisy in general. However, what really got things moving was when General Flynn suggested that he was willing to testify against the White House and the Russian broke....
USD/CAD Price Forecast December 4, 2017, Technical Analysis
The US dollar fell rather significantly against the Canadian dollar during Friday’s trading session, breaking down towards the 1.27 handle. A breakdown below that level probably sends this market looking for the 1.25 level, and part of...
GBP/USD Price Forecast December 4, 2017, Technical Analysis
The GBP/USD pair initially fell during the trading session on Friday, reaching below the 1.35 handle again. Quite frankly, I liked seeing this, as a give us an opportunity to pick up a little bit of value....
EUR/USD Price Forecast December 4, 2017, Technical Analysis
The EUR/USD pair initially fell during the trading session on Friday, reaching down towards the 1.1850 level before bouncing significantly. As we are approaching the end of the trading session for Europe, the market is rallying significantly,...
AUD/USD Price Forecast December 4, 2017, Technical Analysis
The Australian dollar initially went sideways during the session on Friday, reaching towards the 0.76 level before pulling back. However, we then found quite a bit of bullish pressure as General Flynn suggested that he was willing...
USDCAD Daily Analysis – December 1, 2017
USDCAD extended its upside movement from 1.2672 to as high as 1.2909. Further rise to test 1.2916 resistance would likely be seen. A breakout of this level could signal resumption of the longer term uptrend from 1.2061...
USDJPY Daily Analysis – December 1, 2017
USDJPY is facing 112.71 resistance. A break of this level could take price to next resistance level at 113.91. Near term support is at 111.69, only break below this level could trigger further decline towards 110.84. Below...
AUDUSD Daily Analysis – December 1, 2017
AUDUSD extended its downside movement from 0.7644 to as low as 0.7550. Deeper decline to test 0.7532 support is still possible. A breakdown below this level will indicate that the downtrend from 0.7897 has resumed, then next...
GBPUSD Daily Analysis – December 1, 2017
GBPUSD extended its upside movement to as high as 1.3549. Further rise is still possible after a minor consolidation and next target would be at 1.3657 (Sep 20 high). Near term support is at 1.3425, only a...