USDCAD Daily Analysis – November 20, 2017
USDCAD stays above a rising trend line on the 4-hour chart and remains in the short term uptrend from 1.2666. As long as the price is above the trend line, the upside movement could be expected to...
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USDJPY Daily Analysis – November 20, 2017
USDJPY extended its downside movement from 114.73 to as low as 111.88, facing a key support level at 111.65. A breakdown this level could trigger further downside movement to next support level at 111.00. Near term resistance...
AUDUSD Daily Analysis – November 20, 2017
AUDUSD’s downside movement from 0.7729 extended to as low as 0.7535. Near term resistance is at the falling trend line on the 4-hour chart. As long as the price is below the trend line, the downside movement...
GBPUSD Daily Analysis – November 20, 2017
GBPUSD continued its sideways movement in a trading range between 1.3027 and 1.3337. Another rise to test 1.3337 resistance would likely be seen. As long as this level holds, the price action in the trading range could...
EURUSD Daily Analysis – November 20, 2017
EURUSD extended its pullback from 1.1860 to as low as 1.1722, breaking below 1.1740 support. Deeper decline to the resistance-turned-support level at 1.1690 is still possible after a minor consolidation. Breakthrough there could trigger further bearish move...
USDJPY Range Resistance (Nov 20, 2017)
USDJPY looks ready to trade sideways on its daily time frame as price has bounced off the resistance around 114.25. This could put the pair on track towards its range support at 108.50. The 100 SMA is...
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By Elliott Wave International Some days, the fundamental backdrop of the markets you follow is as peaceful and quiet as a Zen garden. The news cycle is calm and the mainstream predictions about price are clear. Other...
USDCAD Weekly Analysis – November 19, 2017
USDCAD stays above a bullish trend line on the daily chart and remains in the uptrend from 1.2061. As long as the trend line support holds, the fall from 1.2916 could be treated as consolidation of the...
USDJPY Weekly Analysis – November 19, 2017
USDJPY failed to breakout of 115.50 and pulled back to 111.94, facing the key support at 111.47. A breakdown below this level will confirm that the bounce from 107.31 had completed at 114.73 already, then the following...
AUDUSD Weekly Analysis – November 19, 2017
AUDUSD extended its downside movement from 0.8124, facing a support level at 0.7535. As long as the pair is below the falling trend line on the daily chart, the downside move could be expected to continue and...