Short Term Forex Analysis
USDCAD Daily Analysis – June 26, 2019
USDCAD continues its sideways movement in a trading range between 1.3150 and 1.3228. As long as 1.3228 resistance holds, the …USDJPY Daily Analysis – June 26, 2019
USDJPY extended its downside movement from 108.80 to as low as 106.77. As long as 107.73 resistance holds, the bounce …AUDUSD Daily Analysis – June 26, 2019
AUDUSD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 0.6831. As long …GBPUSD Daily Analysis – June 26, 2019
GBPUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.2505 had completed …EURUSD Daily Analysis – June 26, 2019
EURUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.1181 had completed …
Long Term Forex Analysis
USDCAD Weekly Analysis – June 23, 2019
USDCAD’s downside movement from 1.3564 extended to as low as 1.3150. Further decline is still possible in a couple of …USDJPY Weekly Analysis – June 23, 2019
USDJPY stays below a falling trend line on the daily chart and remains in the downtrend from 112.40. As long …AUDUSD Weekly Analysis – June 23, 2019
AUDUSD extended its downside movement from 0.7205 to as low as 0.6831. As long as the price is below the …GBPUSD Weekly Analysis – June 23, 2019
GBPUSD is facing 1.2762 resistance, a breakout of this level could trigger further upside movement towards the falling trend line …EURUSD Weekly Analysis – June 23, 2019
EURUSD broke above 1.1347 resistance, suggesting that the downtrend from 1.1570 had completed at 1.1106 already. Further rally could be …
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
Elliott Wave View Calling for More Upside in Nasdaq
Nasdaq Futures (NQ_F) shows a higher high sequence from June 4 low, favoring further upside. Short term, rally to 7600.75 …Australian Dollar Extends Weaknesses
Australian Dollar dropped further last week as unemployment figure came out higher than expected at 5.2%. The consensus has been …GBPJPY : Market Patterns Calling Move Lower
GBPJPY Technical Analysis GBPJPY Daily Chart April 1/2019 : On April 1/2019 I posted chart on Twitter of the possibility that …American Express (NYSE: AXP) – Right side of the Market Remains Bullish
American Express (NYSE: AXP) is an American multinational financial services corporation that was founded in 1850. Since it’s IPO back in …S&P 500 Futures (ES_F) Buying The Elliott Wave Dips
In this technical blog, we are going to take a look at the past performance of 4 hour Elliott Wave …