Short Term Forex Analysis
USDCAD Daily Analysis – August 21, 2020
USDCAD extended its downside movement from 1.3715 (Jun 26 high) to as low as 1.3132. As long as the price …USDJPY Daily Analysis – August 21, 2020
USDJPY is now in the downtrend from 107.05, the bounce from 105.10 is likely corrective consolidation for the downtrend. Further …AUDUSD Daily Analysis – August 21, 2020
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.6776 (Jun 15 …GBPUSD Daily Analysis – August 21, 2020
GBPUSD broke above 1.3185 resistance and extended its upside movement from 1.2251 (Jun 29 low) to as high as 1.3266. …EURUSD Daily Analysis – August 21, 2020
EURUSD extended its upside movement from 1.1168 (Jun 19 low) to as high as 1.1965. Further rise would likely be …
Long Term Forex Analysis
USDCAD Weekly Analysis – October 4, 2020
USDCAD broke above the top of the falling price channel on the daily chart and is now in the uptrend …USDJPY Weekly Analysis – October 4, 2020
USDJPY moved sideways in a trading range between 104.00 and 107.05. As long as the price is below the falling …AUDUSD Weekly Analysis – October 4, 2020
AUDUSD extended its downside movement from 0.7413 to as low as 0.7005. Further decline would likely be seen and next …GBPUSD Weekly Analysis – October 4, 2020
GBPUSD remains in the downtrend from 1.3482, the bounce from 1.2674 is likely consolidation for the downtrend, and further decline …EURUSD Weekly Analysis – October 4, 2020
EURUSD’s fall from 1.2010 extended to as low as 1.1612. Deeper decline is still possible next week and next target …
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
NZDUSD Turning Lower From Elliott Wave Blue Box Area
In this technical blog, we are going to take a look at the past performance of NZDUSD, 4-Hour Elliott wave Charts that …NexGen Energy (NXE) Correcting Cycle from March 2020 Low
NexGen Energy (ticker: NXE) has rallied over 300% this year following the spot price of Uranium. The stock got a …RUSSELL Made Turn Lower After Elliott Wave Flat Pattern
In this technical blog we’re going to take a look at the Elliott Wave charts charts of Russell $RTY_F published …Hard Red Winter Wheat: Will Bread Be Affordable by 2022?
Hard Red Winter Wheat is one of the grain commodities, along with soft red wheat, corn, soybeans and others. Within …Vinco Ventures ($BBIG) Still looking higher
Vinco Ventures is an interesting stock. Recently it has had a surge from $2 to just under $13. So what …