AUDUSD Technical Analysis: Bullish Pattern
AUDUSD found a possible bottom in December 2015 and has bounced higher. The pair has tried to test the December 2015 low but has been rejected twice, once in May 2016 and the second time in December...
Month: March 2017
USD/JPY Forecast March 24, 2017, Technical Analysis
USD/JPY daily chart, March 24, 2017 The USD/JPY pair had a choppy session on Thursday, testing the 200-exponential moving average and showing signs of volatility. If we can break above the top of the candle, the market...
USD/CAD Forecast March 24, 2017, Technical Analysis
USD/CAD daily chart, March 24, 2017 The USD/CAD pair initially tried to rally on Thursday, but found enough resistance to turn things around to form a shooting star. The shooting star of course is a negative sign...
GBP/USD Forecast March 24, 2017, Technical Analysis
GBP/USD daily chart, March 24, 2017 The GBP/USD pair fell initially during the day on Thursday, but found enough support below the 100-exponential moving average to turn things around and break above the 1.25 handle. If we...
EUR/USD Forecast March 24, 2017, Technical Analysis
EUR/USD daily chart, March 24, 2017 The EUR/USD pair initially fell during the day on Thursday but found the 1.0750 level to be supportive enough to push the sellers away. If we can break above the 1.0840...
AUD/USD Forecast March 24, 2017, Technical Analysis
AUD/USD daily chart, March 24, 2017 The Australian dollar fell during the day, and found the buyers closer to the 0.7650 level. I think that the market is still in a very strong uptrend, and we will...
USDJPY Elliott wave View: More downside
We are taking the more aggressive view in USDJPY and calling the rally to 115.48 on 3/10 as Intermediate wave (B). Decline from there is unfolding as a 5 waves impulse Elliott wave structure with an extension in wave 3....
AUDUSD Elliott Wave View: Pullback in progress
AUDUSD is showing 5 swings sequence from 12/23/2017 low after it managed to break above 02/23 peak so the sequence is bullish against Intermediate wave (X) low (0.7487). The pair did 5 waves impulsive move from 03/09 low in Minute wave ((a)) which...
EURUSD Ascending Channel (Mar 24, 2017)
EURUSD is starting to trend higher on its 1-hour time frame, moving inside an ascending channel and just coming off a bounce from resistance. A pullback to the channel support at the 1.0750 minor psychological level could...
USDCAD Daily Analysis – March 24, 2017
USDCAD is now in uptrend from 1.3264, the fall from 1.3409 is likely correction of the uptrend. Further rise is possible in a couple of days and next target would be at 1.3500 area. Support is at...