GBPUSD Weekly Analysis – May 14, 2017
GBPUSD stays above the rising trend line on daily chart and remains in uptrend from 1.2109. As long as the pair is above the trend line, the fall from 1.2988 could be treated as consolidation of the...
Month: May 2017
EURUSD Weekly Analysis – May 14, 2017
EURUSD broke below 1.0850 support, indicating that the short term uptrend from 1.0569 had completed at 1.1021 already. Another fall towards the bottom of the price channel on daily chart could be expected in a couple of...
USD/JPY Forecast May 15, 2017, Technical Analysis
The USD/JPY pair fell during the day on Friday, breaking below the 113.50 level. This is a psychologically significant level, and of course the “fair value” of the consolidation area previously marked on the chart by a...
USD/CAD Forecast May 15, 2017, Technical Analysis
The USD/CAD pair went back and forth on Friday as we continue to grind just above the 1.37 handle. This is a market that should face what’s going on in the oil markets, which look to be...
GBP/USD Forecast May 15, 2017, Technical Analysis
The GBP/USD pair fell slightly during the session on Friday, but found support near the 1.2850 level. We formed a bit of a hammer, but quite frankly I feel that there is a significant amount of support...
EUR/USD Forecast May 15, 2017, Technical Analysis
The EUR/USD pair broke higher during the session on Friday, clearing the top of both the Wednesday and Thursday candles after less than stellar US numbers came out. That being the case, the market then would reach...
AUD/USD Forecast May 15, 2017, Technical Analysis
The Australian dollar rallied during the day on Friday, but found enough resistance above the 0.74 level to turn things around and form a shooting star. While this is a negative sign, and we are sitting the...
Macron’s Triumph Removes Eurozone Political Risk
Emmanuel Macron won the presidential election last Sunday, defeating Marine Le Pen, a far-right nationalist who wanted to take France out of the European Union. Markets had feared that Le Pen’s win could threaten the EU project,...
SPX Elliott Wave View: Pull back started
Short Term Elliott Wave view in SPX suggests the rally from 3/27 low (2322.2) ended at 2403 as a leading diagonal Elliott Wave structure where Minute wave ((i)) ended at 2378.3, Minute wave ((ii)) ended at 2328.95, Minute wave ((iii)) ended at...
USDCNH Moved in Ascending Price Channel on 4-hour Chart
USDCNH moves in the ascending price channel on 4-hour chart which is providing the near term support around 6.8910, indicating that the pair remains in the short term uptrend from 6.8680, and upward movement extended to as...