USDCAD Daily Analysis – April 26, 2017
USDCAD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.3223. As long as the pair is above the trend line, the uptrend could be expected to continue, and next target would...
Month: April 2017
USDJPY Daily Analysis – April 26, 2017
USDJPY’s upward movement from 108.13 extended to as high as 111.39. Further rise could be expected over the next several days, and next target would be at 112.00 area. Support levels are at 110.50 and 110.00, as...
GBPUSD Daily Analysis – April 26, 2017
GBPUSD moved sideways in a trading range between 1.2756 and 1.2904. Near term support is at 1.2700, as long as this level holds, the price action from 1.2904 could be treated as consolidation of the uptrend from...
EURUSD Daily Analysis – April 26, 2017
EURUSD’s upward movement from 1.0569 extended to as high as 1.0950. Key support is at 1.0820, as long as the pair is above this level, the uptrend could be expected to continue, and next target would be...
AUDUSD Daily Analysis – April 26, 2017
AUDUSD is forming a triangle pattern on 4-hour chart. Support is at 0.7491, a breakdown below this level will indicate that the downtrend from 0.7749 has resumed, then further following downward movement could bring price to 0.7400...
Walmart Stock Extending Higher
Walmart (NYSE: WMT) is the world’s largest company by revenue as well as the largest private employer in the world with 2.3 million employees. It’s an American multinational retailing corporation that operates as a chain of hypermarkets, discount...
GBPJPY Triangle Breakout (Apr 25, 2017)
GBPJPY recently had lower highs and found support at the 137.00 major psychological level, creating a descending triangle pattern. Price just recently broke above the resistance at 139.00, indicating that bulls are taking control of price action....
USDCAD Elliott Wave View: Ending an impulse
Short term Elliott Wave view in USDCAD suggest the decline to 1.322 ended Intermediate wave (X). Up from there, the pair is showing 5 waves impulse structure where Minutte wave (i) ended at 1.3338, Minutte wave (ii) ended at 1.3258, Minutte wave (iii) ended...
USD/JPY Forecast April 25, 2017, Technical Analysis
The USD/JPY pair gapped higher at the open on Monday, but has spent most of the session trying to retrace that gap. Because of this, I believe that the short-term pressure may be to the downside. A...
USD/CAD Forecast April 25, 2017, Technical Analysis
The USD/CAD pair initially fell during the day on Monday, but turned around to form a hammer like candle. As oil sold off, the Canadian dollar of course did as well. That being the case, looks as...