Short Term Forex Analysis
USDCAD Daily Analysis – October 23, 2018
USDCAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2782. Further rise …USDJPY Daily Analysis – October 23, 2018
USDJPY extended its upside movement from 111.62 to as high as 112.88. Further rise is still possible and next target …AUDUSD Daily Analysis – October 23, 2018
AUDUSD extended its downside movement from 0.7159 to as low as 0.7063. Deeper decline to test 0.7041 support is possible, …GBPUSD Daily Analysis – October 23, 2018
GBPUSD’s downside movement from 1.3257 extended to as low as 1.2956. Further decline to test 1.2921 support is possible, below …EURUSD Daily Analysis – October 23, 2018
EURUSD is facing 1.1432 support again, a breakdown below this level could trigger further downside movement towards 1.1350. Resistance is …
Long Term Forex Analysis
USDCAD Weekly Analysis – October 20, 2018
USDCAD is facing the resistance of the falling trend line on the daily chart. As long as the trend line …USDJPY Weekly Analysis – October 20, 2018
USDJPY stays in a rising price channel on the daily chart, suggesting that the pair remains in the uptrend from …AUDUSD Weekly Analysis – October 20, 2018
AUDUSD remains in the downtrend from 0.8135, the bounce from 0.7041 is likely consolidation for the downtrend. As long as …GBPUSD Weekly Analysis – October 20, 2018
GBPUSD failed to break above 1.3298 resistance and stayed in a trading range between 1.2921 and 1.3298. As long as …EURUSD Weekly Analysis – October 20, 2018
EURUSD is facing 1.1432 support, a breakdown below this level could trigger further downside movement towards next support level at …
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 …