EURUSD Daily Analysis – March 17, 2017
EURUSD stays in a ascending price channel on 4-hours chart and remains in uptrend from 1.0494. As long as the pair stays in the channel, the uptrend could be expected to continue, and further rise to test...
Month: March 2017
EURJPY Elliott Wave View: Pullback ended
Short term Elliott Wave view in EURJPY suggests that the decline to 118.18 on 2/24 ended Primary wave ((4)). Primary wave ((5)) is currently in progress higher and the rally from Primary wave ((4)) low at 118.18 is unfolding as...
GBPUSD Short-Term Downtrend (Mar 16, 2017)
Cable recently bounced off its long-term support at the 1.2100 major psychological mark and seems to be pulling up from its recent selloff. Applying the Fib tool on the latest swing high and low shows that the...
USDCAD Daily Analysis – March 16, 2017
USDCAD broke below 1.3421 key support and is now in downtrend from 1.3535. Near term resistance is at 1.3380, as long as this level holds, the downtrend could be expected to continue, and next target would be...
USDJPY Daily Analysis – March 16, 2017
USDJPY broke below the upward price channel on 4-hours chart, indicating that the uptrend from 111.68 had completed at 115.50 already. The pair is now in downtrend, further decline could be expected in a couple of days,...
AUDUSD Daily Analysis – March 16, 2017
AUDUSD broke above 0.7632 resistance and is now in uptrend from 0.7490. Further rise could be expected after a minor consolidation and next target would be at 0.7800 area. Support is at 0.7640, as long as this...
GBPUSD Daily Analysis – March 16, 2017
GBPUSD broke above 1.2251 resistance, indicating that the downtrend from 1.2569 had completed at 1.2109 already. Further rise could be expected after a minor consolidation, and next target would be at 1.2400 area.
EURUSD Daily Analysis – March 16, 2017
EURUSD failed to break below the the bottom of the rising price channel on 4-hours chart and rebounded strongly from 1.0600, indicating that the pair remains in uptrend from 1.0494. As long as the pair stays in...
EURJPY Elliott Wave View: Pullback in progress
Short term Elliott Wave view in EURJPY suggests that the pair has ended the cycle from 2/24 low (118.18) and the instrument is pulling back to correct that cycle before turning higher again. Primary wave ((5)) is currently in...
EURJPY Channel Pullback (Mar 15, 2017)
EURJPY recently broke out of its descending channel pattern, signaling a reversal from the selloff. Price reached a high of 122.83 before showing signs of a pullback, and applying the Fib tool on the latest swing high...