Short Term Forex Analysis
USDCAD Daily Analysis – January 23, 2020
USDCAD extended its upside movement from 1.2951 to as high as 1.3160. Further rise is still possible and next target …USDJPY Daily Analysis – January 23, 2020
USDJPY broke below 109.78 support, suggesting that the upside movement from 107.65 had completed at 110.28 already. Further decline could …AUDUSD Daily Analysis – January 23, 2020
AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 0.6933 had completed at …GBPUSD Daily Analysis – January 23, 2020
GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3284 had completed …EURUSD Daily Analysis – January 23, 2020
EURUSD extended its downside movement from 1.1172 to as low as 1.1070. Further decline could be expected after consolidation and …
Long Term Forex Analysis
USDCAD Weekly Analysis – January 26, 2020
USDCAD’s bounce from 1.2951 extended to as high as 1.3170. Further rise would likely be seen next week and the …USDJPY Weekly Analysis – January 26, 2020
Being contained by the rising price channel on the daily chart, USDJPY pulled back from 110.28. Further decline is still …AUDUSD Weekly Analysis – January 26, 2020
AUDUSD extended its downside movement from 0.7031 to as low as 0.6817. As long as the price is below the …GBPUSD Weekly Analysis – January 26, 2020
GBPUSD moved sideways in a trading range between 1.2905 and 1.3284. Support is at 1.2905, a breakdown below this level …EURUSD Weekly Analysis – January 26, 2020
EURUSD broke below the rising trend line on the daily and is now in the downtrend from 1.1239. Further decline …
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
NZDJPY Buying The Dip At Blue Box Area
In this blog, we are going to take a quick look at the Elliottwave chart of NZDJPY. The chart from …Boeing Elliott Wave View: Biggest Pullback Taking Place
Boeing ticker symbol: $BA is showing an incomplete sequence from March 1, 2019 peak favoring more downside towards $275-$248 target …Elliott Wave View: Oil Downside Target
Oil has extended lower and short term Elliott Wave view suggests the decline from 1.8.2020 high is unfolding as a …EURUSD Found Intraday Sellers Against The 1.1172 High
Hello fellow traders. Another instrument that we have been trading lately is EURUSD. In this technical blog we’re going to …Elliott Wave View: EURUSD Can See Further Weakness
EURUSD short term Elliott Wave view suggests the decline from 1.6.2020 high is unfolding as a double three Elliott Wave …