USDJPY Daily Analysis – May 5, 2017
USDJPY remains in uptrend from 108.13, the fall from 113.04 would possibly be consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart. As long as the pair is...
Month: May 2017
AUDUSD Daily Analysis – May 5, 2017
AUDUSD continued its downward movement from 0.7555 and the fall extended to as low as 0.7373. Further decline could be expected after consolidation and next target would be at 0.7300 area. Resistance is at 0.7465, as long...
GBPUSD Daily Analysis – May 5, 2017
GBPUSD failed to break below the bottom of the price channel on 4-hour chart and rebounded from 1.2831, indicating that the pair remains in the uptrend from 1.2365. Further rise could be expected and next target would...
EURUSD Daily Analysis – May 5, 2017
After consolidation, EURUSD broke out of 1.0950 resistance and continued its bullish movement from 1.0569. Near term support is at 1.0900, as long as this level holds, the bullish move could be expected to continue, and next...
NZDUSD Elliott Wave View: Correction Ended
Revised Elliott Wave view in NZDUSD suggests the decline from 3/21 high (0.709) is unfolding as a triple three Elliott Wave structure where Minute wave ((w)) ended at 0.6905, Minute wave ((x)) ended at 0.7053, Minute wave ((y)) ended...
GBPUSD Range Breakout Correction (May 04, 2017)
GBPUSD recently broke past its range resistance around the 1.2700 handle and found resistance at 1.2950. Price could be making a pullback to the broken resistance, and applying the Fib tool on the daily swing low and...
USDCAD Daily Analysis – May 4, 2017
USDCAD stays in a ascending price channel on 4-hour chart and remains in uptrend from 1.3223. As long as the pair is in the channel, the fall from 1.3757 could be treated as consolidation of the uptrend,...
USDJPY Daily Analysis – May 4, 2017
USDJPY’s bullish movement from 108.13 extended to as high as 112.89. As long as the pair is in the ascending price channel on 4-hour chart, the bullish move could be expected to continue, and next target would...
AUDUSD Daily Analysis – May 4, 2017
AUDUSD’s downward movement from 0.7610 extended to as low as 0.7414. Further decline is still possible and next target would be at 0.7300 area. Near term resistance is at 0.7465 and the key resistance is located at...
GBPUSD Daily Analysis – May 4, 2017
GBPUSD broke below 1.2864 support, indicating that the short term uptrend from 1.2756 had completed at 1.2965 already. Deeper decline could be seen in a couple of days, and next target would be at the bottom of...