USDJPY Daily Analysis – November 9, 2016
USDJPY remains in downtrend from 105.53. Further decline could be expected over the next several days, and next target would be at 100.50 area.
Month: November 2016
AUDUSD Daily Analysis – November 9, 2016
AUDUSD’s upward movement from 0.7557 had completed at 0.7778 already. Deeper decline could be expected in a couple of days, and next target would be at 0.7550 area.
GBPUSD Daily Analysis – November 9, 2016
GBPUSD is facing 1.2330 support, a breakdown below this level will indicate that the upward movement from 1.1946 had completed at 1.2557 already, then further decline to test 1.1946 previous low support could be seen. However, as...
EURUSD Daily Analysis – November 9, 2016
EURUSD remains in uptrend from 1.0851. Further rise could be expected over the next several days, and next target would be at 1.1300 area.
USD/JPY Forecast November 8, 2016, Technical Analysis
The USD/JPY pair gapped higher at the open on Monday, as the FBI announced that they were not going to suggest charging Hillary Clinton after going through the 650,000 emails. Because of this, traders seem to be...
USD/CAD Forecast November 8, 2016, Technical Analysis
The USD/CAD pair gapped lower at the open on Monday, and then turned around to fill that gap. By doing so, we found quite a bit of resistance, and turned around yet again to form an exhaustive...
GBP/USD Forecast November 8, 2016, Technical Analysis
The GBP/USD pair fell during the day on Monday, as the 1.25 level has offered resistance yet again. Ultimately, I believe that this market will continue to go lower, perhaps reaching towards the 1.22 handle below. If...
EUR/USD Forecast November 8, 2016, Technical Analysis
The EUR/USD pair fell significantly during the day on Monday as we got word that the FBI was not going to indict Hillary Clinton due to emails. With this, looks as if we are going to continue...
AUD/USD Forecast November 8, 2016, Technical Analysis
The AUD/USD pair initially fell on Monday but then found buyers to push the market higher. The gold markets fell during the day, and then reached towards the 0.7750 level. There is an exhaustive amount of resistance...
USDJPY Ascending Channel (Nov 08, 2016)
USDJPY is trending higher, moving inside an ascending channel on its 4-hour time frame. Price just bounced off the resistance late last week and is pulling back towards support at the 102.00 major psychological level. The pair...