Short Term Forex Analysis
USDCAD Daily Analysis – June 15, 2020
USDCAD extended its upside movement from 1.3314 to as high as 1.3666. Further rally is still possible after a minor …USDJPY Daily Analysis – June 15, 2020
USDJPY broke above 107.30 resistance, suggesting that the downside movement from 109.84 had completed at 106.57 already. Range trading between …AUDUSD Daily Analysis – June 15, 2020
AUDUSD is testing that support of the rising trend line on the 4-hour chart. A breakdown below the trend line …GBPUSD Daily Analysis – June 15, 2020
GBPUSD extended its downside movement from 1.2812 to as low as 1.2473. Further decline would likely be seen and next …EURUSD Daily Analysis – June 15, 2020
EURUSD broke below 1.1240 support, suggesting that the upside movement from 1.0766 had completed at 1.1422 already. Deeper decline would …
Long Term Forex Analysis
USDCAD Weekly Analysis – June 28, 2020
USDCAD stays in a falling price channel on the daily chart and remains in the downtrend from 1.4667. As long …USDJPY Weekly Analysis – June 28, 2020
USDJPY is facing 105.98 support, a breakdown below this level could take the price to 103.00 area. Near term resistance …AUDUSD Weekly Analysis – June 28, 2020
AUDUSD stays above a rising trend line on the daily chart and remains in the uptrend from 0.5507. As long …GBPUSD Weekly Analysis – June 28, 2020
GBPUSD failed to break above the falling trend line on the daily chart and pulled back from 1.2812. However, another …EURUSD Weekly Analysis – June 28, 2020
EURUSD remains in the uptrend from 1.0635, the pullback from 1.1422 is likely corrective consolidation for the uptrend. Another rise …
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
Penn National Gaming Inc. ($PENN) Incomplete Bullish Sequence
The Corona Virus has had its toll on the marketplace in general. But some select names have rallied sharply off …Nvidia ( $NVDA ) Buying The Dips At The Blue Box Area
Hello fellow traders. Another instrument that we have been trading lately is Nvidia ( $NVDA ) stock. In this technical …Elliott Wave View: Alphabet (GOOGL) Resumes Higher in wave ((5))
Alphabet (GOOGL) has broken above June 24 high, suggesting that the next leg higher has started. The stock has ended …iBioPharma Inc. ($IBIO) Looking for more upside
The next entry in the theme of Corona Virus stocks is iBioPharma Inc. iBio has had a steady advance during …XOM Elliott Wave View: Forecasting Decline Lower
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave …