EURAUD Range Setup (Dec 19, 2016)
EURAUD made another bounce off its support at the 1.4125-1.4150 area late last week and looks ready for a test of resistance at the 1.4500 major psychological mark. If this holds as a ceiling, the pair could...
Month: December 2016
USDCAD Daily Analysis – December 19, 2016
USDCAD remains in uptrend from 1.3080, the fall from 1.3417 is likely consolidation of the uptrend. Support is at 1.3200, as long as this level holds, the uptrend could be expected to resume, and further rise to...
USDJPY Daily Analysis – December 19, 2016
USDJPY’s upward movement from 101.18 extended to as high as 118.66. Key support is at 114.73, as long as this level holds, the uptrend could be expected to continue, and next target would be at 120.00 area....
AUDUSD Daily Analysis – December 19, 2016
AUDUSD broke below 0.7310 support, indicating that the downtrend from 0.7778 has resumed. Further decline could be expected after a minor consolidation, and next target would be at 0.7200 area. Resistance is at 0.7380, only break above...
GBPUSD Daily Analysis – December 19, 2016
GBPUSD remains in downtrend from 1.2774, the rise from 1.2376 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.2250 area. Resistance is at 1.2550, as long...
EURUSD Daily Analysis – December 19, 2016
EURUSD’s downward movement from 1.0873 extended to as low as 1.0366. Further decline could be expected after a minor consolidation, and next target would be at 1.0200 area. Resistance levels are at 1.0550 and 1.0669, as long...
USD/JPY Forecast December 19, 2016, Technical Analysis
The USD/JPY pair fell slightly during the day on Friday, as we are starting to get a little bit exhausted after the massive amount of bullish pressure that we have seen. I still think that the 150...
USD/CAD Forecast December 19, 2016, Technical Analysis
The USD/CAD pair initially tried to rally on Friday but gave back some of the gains in order to form something akin to a shooting star. I think we are going to roll over from here but...
GBP/USD Forecast December 19, 2016, Technical Analysis
The British pound bounced off an uptrend line during the day on Friday as we reached back towards the 1.25 handle. I still think this market breaks down given enough time, and a break down below the...
EUR/USD Forecast December 19, 2016, Technical Analysis
The EUR/USD pair had a slightly positive candle, but at the end of the day it still remains below the 1.05 level which is very bearish. I think that this market breaks down from here and reaches...