GBPUSD Weekly Analysis – June 25, 2017
GBPUSD is now in downtrend from 1.3047 and the downward movement extended to as low as 1.2589. Further decline could be expected in a couple of weeks and next target would be at 1.2300 area. Near term...
Month: June 2017
EURUSD Weekly Analysis – June 25, 2017
EURUSD is forming a sideways movement in a trading range between 1.1070 and 1.1295. Key support is at 1.1070, as long as this level holds, the price action in the trading range could be treated as consolidation...
USD/JPY Forecast June 26, 2017, Technical Analysis
The US dollar went sideways during the day on Friday, grinding around just above the 111 level, an area that has been supportive over the last several sessions. Because of this, I believe that the buyers will...
USD/CAD Forecast June 26, 2017, Technical Analysis
The USD/CAD pair went sideways initially during the day on Friday, but continues to find support at the 1.32 level. That being the case, the market looks as if it’s ready to break out to the upside,...
GBP/USD Forecast June 26, 2017, Technical Analysis
The British pound rallied a bit during the day on Friday, breaking above the 1.27 handle. The British pound continues to pick up a little bit of bullish pressure, and the market should go looking for the...
EUR/USD Forecast June 26, 2017, Technical Analysis
The EUR/USD pair has rallied significantly during the day on Friday, breaking above the 1.1175 handle. In doing so, it looks as if we’re going to go looking for the 1.12 level. That is an area that...
AUD/USD Forecast June 26, 2017, Technical Analysis
The Australian dollar shut higher during the day on Friday, slicing through the 0.7550 level. Having said that, we rallied enough to overextend herself, and then pulled back to find support. That being the case, looks as...
DJI Futures Elliott Wave Analysis: Pull back in progress
Short term YM (DJI Futures) Elliott Wave view suggests the rally from 4/19 low is unfolding as a diagonal Elliott Wave structure where Minor wave 1 ended at 21010 (4/26), Minor wave 2 ended at 20474 (5/18), Minor wave 3 ended at...
EURJPY Descending Channel (Jun 23, 2017)
EURJPY is trending lower on its 4-hour time frame and is currently testing the resistance of its falling channel. If the 124.00 handle holds as resistance, the pair could slide back to support at the 122.00 handle....
USDCAD Daily Analysis – June 23, 2017
USDCAD remains in downtrend from 1.3793, the rise from 1.3164 could be treated as consolidation of the downtrend. Resistance is at 1.3400, as long as this level holds, the downtrend could be expected to resume and further...