Short Term Forex Analysis
USDCAD Daily Analysis – June 5, 2020
USDCAD extended its downside movement from 1.4048 to as low as 1.3467. As long as the price is below the …USDJPY Daily Analysis – June 5, 2020
USDJPY extended its upside movement from 105.98 to as high as 109.23. Further rise is still possible in the coming …AUDUSD Daily Analysis – June 5, 2020
AUDUSD is in consolidation for the uptrend from 0.6401. Range trading between 0.6856 and 0.6987 would likely be seen. As …GBPUSD Daily Analysis – June 5, 2020
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2073. As long …EURUSD Daily Analysis – June 5, 2020
EURUSD’s upside movement from 1.0870 extended to as high as 1.1362. As long as the price is above the rising …
Long Term Forex Analysis
USDCAD Weekly Analysis – May 17, 2020
USDCAD stays in a trading range between 1.3849 and 1.4348. Resistance is at 1.4348, as long as this level holds, …USDJPY Weekly Analysis – May 17, 2020
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 111.71 had completed …AUDUSD Weekly Analysis – May 17, 2020
AUDUSD remains in the uptrend from 0.5507, the pullback from 0.6569 is likely consolidation for the uptrend. As long as …GBPUSD Weekly Analysis – May 17, 2020
GBPUSD broke below 1.2160 support, suggesting that the rise from 1.1409 had completed at 1.2647 already. Deeper decline would likely …EURUSD Weekly Analysis – May 17, 2020
EURUSD continued its sideways movement in a trading range between 1.0635 and 1.1147. As long as 1.1147 resistance holds, the …
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
More Upside For RTY_F (Russell 2000) In The Near Term
In this blog, we are going to take a look at the Elliottwave chart of RTY_F. Daily chart below shows …Home Depot (NYSE: HD) Next Investment Opportunity
The world largest home improvement retailer Home Depot (NYSE: HD) sales growth doubled its pace from the prior quarter despite reduced operating hours and cancelled …Rally in Facebook Should Continue
The coronavirus pandemic has been a boon to social media, streaming, and online shopping companies. As government around the world …Elliott Wave View: Further Strength in Exxon Mobil
Exxon Mobil (ticker: XOM) shows an incomplete bullish sequence from 3.23.2020 low favoring more upside. Short term, the rally from …Elliott Wave View: EURUSD in Impulsive Rally
Short Term Elliott Wave view in EURUSD suggests cycle from 5.14.2020 low is unfolding as a 5 waves Impulse Elliott …