AUDUSD Daily Analysis – December 9, 2016
AUDUSD is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend from 0.7369 could be expected to continue, and next target would be at 0.7600...
Month: December 2016
GBPUSD Daily Analysis – December 9, 2016
GBPUSD broke below the bottom of the price channel on 4-hour chart, indicating that the upward movement from 1.2302 had completed at 1.2774 already. Deeper decline could be expected in a couple of days, and next target...
EURUSD Daily Analysis – December 9, 2016
EURUSD’s upward movement from 1.0505 had completed at 1.0873 already. The pair is now in downtrend, deeper decline to test 1.0462 (Mar 13, 2015 low) support is possible. Near term resistance is at 1.0700, only break above...
USD/JPY Forecast December 8, 2016, Technical Analysis
The USD/JPY pair went back and forth during the day on Wednesday as we continue to show quite a bit of volatility. I believe that sooner or later we should see a bit of a pullback in...
USD/CAD Forecast December 8, 2016, Technical Analysis
The USD/CAD pair initially tried to rally during the day on Wednesday but continued to drop a bit as it looks like we are going to reach towards the 1.32 handle now. This is an area where...
GBP/USD Forecast December 8, 2016, Technical Analysis
The British pound fell on Wednesday, testing the 1.2550 region. At this point, I believe that we could rally but the 50% Fibonacci retracement ratio has offered quite a bit of resistance. I think that we are...
EUR/USD Forecast December 8, 2016, Technical Analysis
The EUR/USD pair rallied slightly during the day on Wednesday, as we continue to press against the 1.08 level above. I believe that as soon as we get the 1.0850 level above, we should see a nice...
AUD/USD Forecast December 8, 2016, Technical Analysis
The AUD/USD pair initially fell on Wednesday, but turned around to form a nice-looking hammer. It appears that we are trying to break above the 0.75 level, which has been massively resistive. If we can break above...
GBPJPY Ascending Trend Line (Dec 08, 2016)
GBPJPY sold off recently but is still trading above an ascending trend line connecting the latest lows of price action on the 1-hour chart. Price is gearing up for a test of the support level, which lines...
Violent Bond Selloff: An Eye-Opening Perspective
By Elliott Wave International [Editor’s Note: The text version of the story is below.] ********* What a rout in the bond market in November (Bloomberg, Dec. 1): Global Bonds Suffer Worst Monthly Meltdown as $1.7 Trillion Lost...