The Big Long in World Indices
Since the decline starting from year 2000, the world has been calling for a huge crash in world indices. The world indices did in fact corrected nicely in the year 2000 and 2009. The correction took the...
Month: August 2017
EURGBP Is Facing 0.9305 Resistance
EURGBP formed a double bottom pattern on its daily chart, with neckline at 0.8851 and measured move target at around 0.9400. After breaking above the neckline resistance, the pair extended its bullish movement to as high as...
NZDJPY Support Turned Resistance (Aug 28, 2017)
NZDJPY recently broke below support at the 79.50 minor psychological level then dipped to the 78.50 mark. Price pulled up from there and applying the Fibonacci retracement tool on the latest swing high and low on the...
USDCAD Daily Analysis – August 28, 2017
USDCAD stays in a bearish price channel on its 4-hour chart and remains in the short term downtrend from 1.2778. As long as the price is in the channel, the downtrend could be expected to continue and...
USDJPY Daily Analysis – August 28, 2017
USDJPY continued its sideways movement in a narrow range between 108.60 and 109.84. Near term support is at 108.60, a breakdown below this level could take price to test 108.13 (Apr 17 low) key support. Resistance is...
AUDUSD Daily Analysis – August 28, 2017
AUDUSD is facing 0.7962 resistance once again. A break above this level will signal resumption of the uptrend from 0.7807, then next target would be at 0.8030 area. Support levels are at 0.7866 and 0.7807, only break...
GBPUSD Daily Analysis – August 28, 2017
GBPUSD broke above the top trend line of the price channel on its 4-hour chart, indicating that the downside movement from 1.3267 had completed at 1.2774 already. Further rise to test next resistance level at 1.3030 could...
EURUSD Daily Analysis – August 28, 2017
EURUSD broke above 1.1909 resistance, indicating that the uptrend from 1.0569 (Apr 10 low) has resumed. Further rise could be expected in the coming days, and next target would be at 1.2000 area. Support is now at...
USDCAD Weekly Analysis – August 27, 2017
USDCAD is facing 1.2413 support, a breakdown below this level could signal resumption of the downtrend from 1.3793, then next target would be at 1.2300, followed by 1.2050. Resistance is at 1.2778, only a break above this...
USDJPY Weekly Analysis – August 27, 2017
USDJPY is facing 108.13 support, a breakdown below this level could take price to next support level at 106.50 – 105.00 area. Near term resistance is at 110.94, only break above this level could trigger another rise...