Short Term Forex Analysis
USDCAD Daily Analysis – November 16, 2018
USDCAD is facing the support of the price channel on the 4-hour chart. As long as the channel support holds, …USDJPY Daily Analysis – November 16, 2018
USDJPY’s downside movement from 114.20 extended to as low as 113.09. Further decline could be expected after a minor consolidation …AUDUSD Daily Analysis – November 16, 2018
AUDUSD is facing 0.7302 resistance, a breakthrough this level could signal resumption of the uptrend from 0.7020, then further rise …GBPUSD Daily Analysis – November 16, 2018
GBPUSD broke below 1.2826 support and extended its downside movement from 1.3174 to as low as 1.2723. Further decline to …EURUSD Daily Analysis – November 16, 2018
EURUSD extended its upside movement from 1.1215 to as high as 1.1362. Further rise is still possible and next target …
Long Term Forex Analysis
USDCAD Weekly Analysis – November 10, 2018
USDCAD extended its upside movement from 1.2782 to as high as 1.3021, breaking above the resistance level at 1.3226. Further …USDJPY Weekly Analysis – November 10, 2018
USDJPY stays in a rising price channel on the daily chart, suggesting that the pair remains in the uptrend from …AUDUSD Weekly Analysis – November 10, 2018
AUDUSD broke above the bearish trend line on the daily chart, suggesting that the downside movement from 0.8135 had completed …GBPUSD Weekly Analysis – November 10, 2018
GBPUSD moved sideways in a trading range between 1.2661 and 1.3298. The price action in the range is likely consolidation …EURUSD Weekly Analysis – November 10, 2018
EURUSD is facing 1.1301 support once again. A breakdown below this level could trigger further downside movement towards 1.1000. Near …
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
Market Participants Betting on Nafta Deal between US and Canada
The Canadian Dollar strengthened to a two month high against US Dollar earlier this week. Market participants seem to bet …EURJPY Elliott Wave View: Ended 5 Waves Advance
EURJPY short-term Elliott wave view suggests that the decline to 124.87 low ended intermediate wave (2) pullback of a leading diagonal structure from 5/29/2018 …Disney DIS Bullish Sequence Looking For New All Time Highs
In the recent 3 years, Walt Disney stock price (NYSE: DIS) hovered between $120 and $90 without any real trending …NZDUSD Elliott Wave Analysis: Double Correction Taking Place
NZDUSD short-term elliott wave analysis suggests that the decline to 0.6543 low ended Minor wave 1. The internals of that decline unfolded …S&P500 Mini Futures: Extending Higher As Impulse
S&P500 Mini Futures ticker symbol: $ES_F short-term Elliott wave view suggests that the decline to $2803.34 low ended Minor wave …