Short Term Forex Analysis
USDCAD Daily Analysis – December 13, 2018
USDCAD remains in the uptrend from 1.3159, the price action from 1.3444 could be treated as consolidation for the uptrend. …USDJPY Daily Analysis – December 13, 2018
USDJPY remains in the uptrend from 112.23, further rise could be expected after a minor consolidation and next target would …AUDUSD Daily Analysis – December 13, 2018
AUDUSD continued its sideways movement in a trading range between 0.7178 and 0.7241. As long as 0.7241 resistance holds, the …GBPUSD Daily Analysis – December 13, 2018
GBPUSD’s bounce from 1.2475 extended to as high as 1.2671, breaking above 1.2640 resistance. Further rally is still possible and …EURUSD Daily Analysis – December 13, 2018
EURUSD continued its sideways movement in a triangle pattern on the 4-hour chart. Resistance is at the top trend line …
Long Term Forex Analysis
USDCAD Weekly Analysis – December 9, 2018
USDCAD extended its upside movement from 1.2782 to as high as 1.3444. As long as the price is in the …USDJPY Weekly Analysis – December 9, 2018
USDJPY moved sideways in a trading range between 111.37 and 114.54 for several weeks. As long as the price is …AUDUSD Weekly Analysis – December 9, 2018
AUDUSD pulled back from 0.7393, facing the key support at 0.7164. A breakdown below this level would confirm that the …GBPUSD Weekly Analysis – December 9, 2018
GBPUSD is testing 1.2661 support, below this level would indicate that the downside movement from 1.4376 has resumed, then further …EURUSD Weekly Analysis – December 9, 2018
EURUSD stayed in a trading range between 1.1215 and 1.1500 for several weeks. The price action in the range is …
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 Analysis: SPX Bounce Expected to Fail
SPX has broken below Oct 30 low (2603.54), i.e. Primary wave ((W)), opening further downside with incomplete bearish sequence from …NZDJPY Blue Box Generates 600 Pips
NZDJPY has put in a strong rally over the past couple of months gain 9.14% from a low of 72.25 …Facebook Elliott Wave Analysis: Forecasting the Decline
In this blog, I want to share some short-term Elliott Wave charts of Facebook which we presented to our members in the …CADJPY : Will Sellers Take Control?
CADJPY Technical Analysis December 10/2018 CADJPY looks poised to make another move lower. There are bearish market patterns that are …Will the Arrest of Huawei Executive Derail Trade War Truce?
The market celebrated the trade war truce between U.S. and China after the successful meeting last week between President Trump …