GBPUSD Daily Analysis – June 2, 2017
GBPUSD is facing the resistance of the ascending trend line at around 1.2930 on its 4-hour chart. As long as the pair is below the trend line, the bounce from 1.2769 could be treated as consolidation of...
Month: June 2017
EURUSD Daily Analysis – June 2, 2017
EURUSD is facing 1.1267 resistance, a break of this level will confirm that the uptrend from 1.0569 (Apr 10 low) has resumed, then the following bullish movement could bring price into 1.1450 zone. Near term support is...
EURJPY Elliott Wave: Bullish against May 30th low
Short Term EURJPY Elliott Wave view suggests the rally from 4/16 low is unfolding as a double three Elliott Wave structure. Up from 4/16 (114.8) low, Intermediate wave (W) ended at 125.81 and Intermediate wave (X) ended at 122.53. A...
Bitcoin is in Consolidation of Uptrend
After hitting a new record of 2737, BTCUSD dropped sharply to as low as 1737. However, the fall would possibly be consolidation of the uptrend from 905. There is an ascending trend line from the March 25...
USD/JPY Forecast June 1, 2017, Technical Analysis
The USD/JPY pair had a volatile session on Wednesday, as we initially tried to break towards the 111.25 level above. However, we found too much resistance there and rolled right over to break down and go towards...
USD/CAD Forecast June 1, 2017, Technical Analysis
The USD/CAD pair initially fell slightly during the day on Wednesday, but then broke above the 1.35 handle. The market looks as if it is trying to break out again though, so if we can make a...
GBP/USD Forecast June 1, 2017, Technical Analysis
The GBP/USD pair initially fell during the Wednesday session, but turned around to form a massive bullish move. The fact that we did that and broke above the 1.29 level is a very bullish sign. We have...
EUR/USD Forecast June 1, 2017, Technical Analysis
The EUR/USD pair exploded to the upside during the session on Wednesday, breaking above the 1.12 level finally. Now that we are clear this area, it looks as if the pullbacks could offer value going forward. The...
AUD/USD Forecast June 1, 2017, Technical Analysis
The Australian dollar initially tried to gain during the session on Wednesday, but found enough resistance at the 0.7475 level to turn things around and rollover towards the 0.7425 handle. That’s an area that has offered a...
NZDJPY Range Setup (Jun 01, 2017)
NZDJPY has been moving sideways, bouncing off support around the 78.00 major psychological level and resistance at 78.85. Price just got rejected on its test of the resistance and could be setting its sights back on support....