AUDUSD Daily Analysis – November 16, 2017
AUDUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 0.7729. As long as the price is below the trend line, the downtrend could be expected to continue and next...
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GBPUSD Daily Analysis – November 16, 2017
GBPUSD is now facing 1.3229 resistance. A break above this level could take price to next resistance level at 1.3337. Above this level could trigger further upside move to 1.3470 area. However, as long as 1.3337 resistance...
EURUSD Daily Analysis – November 16, 2017
EURUSD failed in its attempt to breakout of 1.1879 resistance and pulled back from 1.1860. However, as long as the price is above 1.1740 support, the fall would possibly be consolidation of the uptrend from 1.1554, and...
CADJPY Short Term Elliott Wave Analysis
CADJPY Short Term Elliott Wave view suggests that Minor wave X ended at 87.78. Up from there, pair rallies as a double three Elliott Wave structure where Minute wave ((w)) ended at 89.8 and Minute wave ((x)) is in progress....
Petroyuan Can Accelerate the De-Dollarization
The move away from Petrodollar In 1974, US President Richard Nixon and King Faisal from Saudi Arabia struck a deal. This deal gave birth to the petrodollar system which still lasts until this day. The deal involves Saudi Arabia selling...
Bitcoin Rebounded Strongly From 5427
BTCUSD rebounded strongly from the bottom support trend line of the price channel on the daily chart after a sharp drop from 7887, suggesting that the bitcoin price remains in the uptrend from 1812. As long as...
USD/JPY Price Forecast November 15, 2017, Technical Analysis
The US dollar initially tried to rally during the session on Tuesday, but found significant resistance at the 113.90 level. By pulling back, we reached towards the 113.50 level, finding support yet again. Ultimately, the market looks...
USD/CAD Price Forecast November 15, 2017, Technical Analysis
The US dollar initially fell against the Canadian dollar, but found enough support at the 1.27 level II bounce significantly. By forming a hammer on the hourly chart, we then broke towards the upside, reaching towards the...
GBP/USD Price Forecast November 15, 2017, Technical Analysis
The British pound went sideways during the trading session on Tuesday, as the 1.3050 level underneath should offer support. I believe that the market will eventually rally, as we have been consolidating for some time. Because of...
EUR/USD Price Forecast November 15, 2017, Technical Analysis
The EUR/USD pair broke out during the trading session on Tuesday, slicing through the 1.17 level. This is a very bullish sign as that was the neckline of a head and shoulders, and it now negates what...