EURUSD Long-Term Pullback (Feb 08, 2018)
EURUSD appears to be pulling back from its latest rally as price could correct to the ascending trend line or Fib levels on the daily time frame. The 50% retracement level is closest to the trend line...
Category: Daily Forex Reports
GBPUSD Spinning Top (Feb 07, 2018)
GBPUSD recently broke past the resistance of a long-term ascending channel, indicating that a steeper climb may be underway. Price has since pulled back to the broken resistance, which is now holding as support and seeing a...
EURJPY Ascending Channel (Feb 06, 2018)
EURJPY suffered a steep drop recently but is currently pausing at the bottom of its ascending channel on the 4-hour time frame. A bounce off this region could take price up to the resistance at 137.25-137.50. The...
USDCAD Descending Channel (Feb 5, 2018)
USDCAD popped up from support around the 1.2250 minor psychological level to the 1.2400 area, which lines up with an area of interest. This could also serve as resistance of the new descending channel forming on the...
Elliott Wave Analysis: Dow Future in Correction
Dow Future Short Term Elliott Wave view suggests that the rally to 26690 ended Intermediate wave (3). Down from there, Intermediate wave (4) pullback is unfolding as a double three Elliott Wave structure where Minor wave W ended at 26121 and Minor...
USDJPY Channel Resistance (Feb 02, 2018)
USDJPY is trending lower on its 4-hour time frame, moving inside a descending channel pattern. Price is currently testing the channel resistance around 109.50 and might be due for a move back to the bottom or the...
AUDUSD Ascending Channel (Feb 01, 2018)
AUDUSD continues to trend higher inside its ascending channel pattern on the 4-hour time frame. Price is currently testing the channel support and might be due for a bounce to the top. The 100 SMA is above...
EURUSD Short-Term Trend Line Bounce (Jan 31, 2018)
EURUSD has been trending higher over the past few weeks and is currently above a steep rising trend line on its 1-hour chart. Price is bouncing off this support zone, which lines up with the 50% Fibonacci...
USDJPY Range Support (Jan 30, 2018)
USDJPY has been moving back and forth inside a range with support at the 109.00 major psychological level and resistance at 114.00. Price is currently testing support and might be due for another bounce back to the...
GBPJPY Ascending Channel (Jan 29, 2018)
GBPJPY is trending higher and looks ready for a test of its ascending channel support. Applying the Fib tool on the latest swing low and high shows that the 61.8% level lines up with support at the...