Short Term Forex Analysis
USDCAD Daily Analysis – April 9, 2020
USDCAD is testing 1.2920 support, a breakdown below this level could trigger further downside movement towards 1.3700. Near term resistance …USDJPY Daily Analysis – April 9, 2020
USDJPY is in consolidation for the uptrend from 106.91. Range trading between 108.10 and 109.38 would likely be seen in …AUDUSD Daily Analysis – April 9, 2020
AUDUSD broke above 0.6213 resistance, suggesting that the uptrend from 0.5507 has resumed. As long as the price is above …GBPUSD Daily Analysis – April 9, 2020
GBPUSD is facing the resistance of the falling price channel on the 4-hour chart. A breakout of the channel resistance …EURUSD Daily Analysis – April 9, 2020
EURUSD is now in the uptrend from 1.0768, the pullback from 1.0926 is likely corrective consolidation for the uptrend. Further …
Long Term Forex Analysis
USDCAD Weekly Analysis – April 5, 2020
USDCAD remains in the uptrend from 1.2951, the pullback from 1.4667 is likely consolidation for the uptrend. As long as …USDJPY Weekly Analysis – April 5, 2020
USDJPY failed to break above 112.22 resistance and pulled back from 111.71. However, the fall from 111.71 is likely corrective …AUDUSD Weekly Analysis – April 5, 2020
AUDUSD rebounded strongly from 0.5507, suggesting that the downside movement from 0.7031 had completed. Further rally would likely be seen …GBPUSD Weekly Analysis – April 5, 2020
GBPUSD rebounded strongly from 1.1409, suggesting that the downside movement from 1.3514 had completed. Further rally would likely be seen …EURUSD Weekly Analysis – April 5, 2020
EURUSD remains in the downtrend from 1.1496, the bounce from 1.0635 is likely corrective consolidation for the downtrend. Further decline …
Special Focus
Gold Price Is Facing Triangle Pattern Resistance
XAUUSD is facing the resistance of the upper trend line (now at around 1343.00) of the triangle pattern on its …USDCNH Formed Triangle Pattern On Daily Chart
The USDCNH pair formed a triangle pattern on its daily chart for several weeks. All we can do is wait …AUDUSD Ran In Falling Channel On Daily Chart
The AUDUSD pair ran in a falling price channel on the daily chart. Price just bounced off the top trend …GBPJPY Failed To Break Below 146.93 Support
GBPJPY failed in its attempt to break below 146.93 support, and stayed in a trading range between 146.93 and 152.85. …GBPJPY Moved Sideways Between 146.93 and 152.85
GBPJPY moved sideways in a trading range between 146.93 and 152.85 for several weeks. Support is at 146.93, as long …
Daily Forex Reports
Soybean Elliott Wave View: Reacting Lower From Blue Box Area
In this technical blog, we are going to take a look at the past 1-hour chart’s performance of the Soybean …Elliott Wave Forecast: USDCHF Dips Can See Support
Elliott Wave View suggests USDCHF rally from March 9 low is unfolding as 5 waves impulse structure. Up from March …Allied Healthcare Products Inc. ($AHPI) Leaning Bullish
The Corona Virus has provided some tremendous rallies in the healthcare and bio science sectors. Allied Healthcare Products Inc. is …Zoom Video Communications Inc (NASDAQ: ZM) Remain Bullish
Zoom Video Communications Inc (NASDAQ: ZM) is an American remote conferencing services company that combines video conferencing, online meetings, chat, and …Elliott Wave View: S&P 500 E-Mini Futures (ES_F) Extends Higher
S&P 500 E-Mini Futures (ES_F) broke above last week’s high at 2635.75 and shows incomplete sequence from 3.23 low, favoring …