GBPUSD Daily Analysis – April 28, 2020
GBPUSD extended its upside movement from 1.2246 to as high as 1.2454. Further rise would likely be seen in the coming days and next target would be at 1.2550 area. Support is located at the rising trend...
Month: April 2020
EURUSD Daily Analysis – April 28, 2020
EURUSD broke above the bearish price channel on the 4-hour chart, suggesting that the downside movement from 1.0990 had completed at 1.0727 already. Further rally would likely be seen and next target would be at 1.0950 area....
BAC Forecasting The Decline From The Blue Box
In this technical blog we’re going to take a quick look at the charts of Bank Of America (BAC) published in members area of the website. As our members know BAC made 5 waves down from the...
$BAYN : Bayer Should Resume Rally To New Highs Or Recover In 3 Waves Minimum
Bayer Ag is one of the largest pharmaceutical companies in the world. Founded in 1863 and headquartered in Leverkusen, Germany, Bayer’s most famous product was aspirin. Today, the company is a part of DAX30 and of SX5E indices....
USDCAD Daily Analysis – April 27, 2020
USDCAD’s fall from 1.4264 extended to as low as 1.3999. As long as 1.4140 resistance holds, the downside movement could be expected to continue and next target would be at 1.3900 area. On the upside, a breakout...
USDJPY Daily Analysis – April 27, 2020
USDJPY continued its sideways movement in a trading range between 106.92 and 108.08. As long as 108.08 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 109.38, and a breakdown below 106.90...
AUDUSD Daily Analysis – April 27, 2020
AUDUSD is facing 0.6444 resistance. As long as the price is in the rising price channel on the 4-hour chart, the upside movement from 0.5507 could be expected to continue and next target would be at 0.6600...
GBPUSD Daily Analysis – April 27, 2020
GBPUSD is in the uptrend from 1.2246, further rally would likely be seen in a couple of days and next target would be at 1.2550 area. Support is at 1.2246, only break below this level could trigger...
EURUSD Daily Analysis – April 27, 2020
EURUSD stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 1.0990. As long as the channel resistance holds, the bounce from 1.0727 could be treated as consolidation for the downtrend...
USDCAD Weekly Analysis – April 26, 2020
USDCAD broke above 1.4250 resistance, suggesting that the downside movement from 1.4667 had completed at 1.3854 already. Further rally would likely be seen in a couple of weeks and next target would be at 1.4600 area. Support...