EURUSD Daily Analysis – July 21, 2017
After consolidation, EURUSD continued its bullish movement from 1.1118 and the rise extended to as high as 1.1657. Near term support is at the rising trend line on the 4-hour chart. As long as the pair is...
Month: July 2017
JPM Elliott Wave Bullish Structure
The Elliott Wave view for JPMorgan Chase (NYSE: JPM) suggests the rally from February 2016 low (52.5) to 03/01/2017 peak (93.98) have ended wave (3). The pullback from there unfolded as zigzag ABC structure which ended wave (4) at 06/01/2017 low (81.79). Up...
DXY Elliott Wave View: Bounce in progress
Short term DXY (USD Index) Elliott Wave view suggests the decline from 6/20 peak (97.87) is unfolding as a Zigzag Elliott Wave structure. Down from 97.87 high, decline to 95.47 ended Minor wave A, and bounce to 96.51 high ended...
USDCAD Daily Analysis – July 20, 2017
USDCAD is facing an important support level at 1.2460 (May 2016 low). Near term resistance is at 1.2701, a break above this level could take price to the key resistance at 1.2770 a break of this level...
USDJPY Daily Analysis – July 20, 2017
USDJPY is facing the resistance of the descending trend line on the 4-hour chart. As long as the trend line resistance holds, the downtrend from 114.49 could be expected to continue and next target would be at...
AUDUSD Daily Analysis – July 20, 2017
AUDUSD stays above a bullish trend line on its 4-hour chart and remains in uptrend from 0.7571. As long as the trend line support holds, the fall from 0.7989 could be treated as consolidation of the uptrend....
GBPUSD Daily Analysis – July 20, 2017
GBPUSD failed to break above the top resistance trend line of the price channel on the weekly chart, and pulled back from 1.3125. Further decline would likely be seen over the next several days and the target...
EURUSD Daily Analysis – July 20, 2017
EURUSD remains in uptrend from 1.1118, the fall from 1.1583 is likely consolidation of the uptrend. Further rise is still possible after the consolidation and next target would be at 1.1700. Key support is located at the...
GBPUSD Rising Wedge (July 20, 2017)
GBPUSD has formed higher lows and slightly higher highs, creating a rising wedge pattern visible on its daily chart. Price is currently testing the resistance and might be due for a move back to support soon. Stochastic...
SPX Elliott wave view: Showing impulse
Short term SPX Elliott Wave view suggests the rally from 5/18 low (2352.7) to 6/19 peak (2453.8) ended Minor wave 3. The pullback from 2453.8 to 2405.70 on 6/29 low ended Minor wave 4. Up from there, the...