AUDUSD Daily Analysis – July 19, 2017
AUDUSD’s bullish movement from 0.7571 extended to as high as 0.7942. Support is now located at the rising trend line on the 4-hour chart. As long as the price is above the trend line, the uptrend could...
Month: July 2017
GBPUSD Daily Analysis – July 19, 2017
Under pressure by the top resistance trend line of the price channel on the weekly chart, GBPUSD pulled back from 1.3125, indicating that the short term uptrend from 1.2811 is complete. Deeper decline could be expected over...
EURUSD Daily Analysis – July 19, 2017
EURUSD broke above 1.1489 resistance and extended its bullish movement to as high as 1.1583. Near term support is at 1.1500, as long as this level holds, the uptrend from 1.1118 could be expected to continue and...
DXY Elliott Wave View: More Downside
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 Facing Important Support At 1.2460
The USDCAD pair recently broke below the channel support and 1.2968 key support on its weekly chart, indicating that the long term bearish movement from the January 2016 high of 1.4689 has resumed. The pair extended its...
USD/JPY Forecast July 18, 2017, Technical Analysis
The US dollar rallied during the day on Monday, after initially falling. However, I think that the 113 level above is going to offer a bit of resistance, just as the 112-level underneath is going to offer...
USD/CAD Forecast July 18, 2017, Technical Analysis
The US dollar tried to rally a bit at the open on Monday, but rolled over again. I believe this market will continue to sell the rallies, as the Canadian interest rate differential with the United States...
GBP/USD Forecast July 18, 2017, Technical Analysis
The British pound fell a bit on Monday as traders came back to work. The market looks as if it is trying to come back to the break out level to find out more buyers. I believe...
EUR/USD Forecast July 18, 2017, Technical Analysis
The EUR/USD pair initially fell during the session on Monday, but bounced enough to turn things around and go looking towards the 1.15 handle. That level is a massive barrier, and if we can break above that...
AUD/USD Forecast July 18, 2017, Technical Analysis
The Australian dollar had a relatively choppy session on Monday, as we continue to hover near the 0.70 level. The break out on Friday was significant, so I think we are trying to build up enough momentum...