GBPUSD Daily Analysis – January 7, 2019
GBPUSD remains in the uptrend from 1.2396, further rise would likely be seen in a couple of days and next target would be at 1.2814 resistance. Near term support is at 1.2660, only a breakdown below this...
Month: January 2019
EURUSD Daily Analysis – January 7, 2019
EURUSD is now in the short term uptrend from 1.1303, further rise towards 1.1500 could be expected in the coming days. Support levels are at 1.1345 and 1.1303, below these levels could trigger further downside movement towards...
Elliott Wave View: EURAUD Bullish Sequence Favors More Upside
Elliott Wave view in EURAUD shows that the decline to 1.5337 low ended wave b. Rally from there unfolded as a 5 waves impulsive Elliott Wave structure. Up from 1.5337 low, Wave (1) ended at 1.5886, wave...
EURUSD Forecasting The Decline And Selling The Rallies
Hello fellow traders. Another instrument that we have been trading lately is EURUSD. In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURUSD, published in members area of the...
USDCAD Weekly Analysis – January 5, 2019
USDCAD is facing the support of the bullish trend line on the daily chart, a breakdown below the trend line support would indicate that the upside movement from 1.2782 had completed at 1.3664 already, then deeper decline...
USDJPY Weekly Analysis – January 5, 2019
USDJPY’s downside movement from 114.54 had completed at 105.05. Range treading between 106.00 and 110.50 would likely be seen in the coming days. As long as 110.50 resistance holds, the downtrend could be expected to resume, and...
AUDUSD Weekly Analysis – January 5, 2019
AUDUSD’s downside movement from 0.7393 had completed at 0.6765 already. Further rally would likely be seen in the coming days and next target would be at 0.7300 area. Near term support is at 0.7000, below this level...
GBPUSD Weekly Analysis – January 5, 2019
GBPUSD extended its downside movement from 1.3298 to as low as 1.2396. Further decline is still possible after consolidation and next target would be at 1.2200 area. Key resistance is at 1.2814, above this level would indicate...
EURUSD Weekly Analysis – January 5, 2019
EURUSD failed to breakout of 1.1500 resistance and stayed in a trading range between 1.1215 and 1.1500. As long as 1.1500 resistance holds, the price action in the trading range could be treated as consolidation for the...
Forex Majors: Options And Futures Analysis For January 4, 2019
EURUSD The nearest support is the level of the weekly market maker balance. Subsequent support is the level of limit buy orders. The closest resistance is the level of limit orders for sale and a zone of...