AUDUSD Weekly Analysis – September 17, 2017
AUDUSD stays above a bullish support trend line on its daily chart and remains in the uptrend from 0.7328. As long as the price is above the trend line, the uptrend could be expected to continue and...
Month: September 2017
GBPUSD Weekly Analysis – September 17, 2017
GBPUSD broke above 1.3267 resistance, and extended its bullish movement from 1.1987 to as high as 1.3616, facing the resistance at the bearish trend line on the weekly chart. Near term support is at 1.3145, followed by...
EURUSD Weekly Analysis – September 17, 2017
EURUSD remains in uptrend from 1.0569, the fall from 1.2092 is likely consolidation of the uptrend. Next support is at the bottom trend line of the price channel on the daily chart. As long as the channel...
USD/JPY Forecast September 18, 2017, Technical Analysis
The US dollar rallied significantly during the session on Friday, after initially falling rather hard. The shakeup had to do with the North Koreans launching a missile over Japan, but quite frankly, the market has seen this...
USD/CAD Forecast September 18, 2017, Technical Analysis
The US dollar had a choppy session against the Canadian dollar, as we continue to grind higher. However, there is an uptrend line that had recently been broken on the weekly chart’s above, and that should offer...
GBP/USD Forecast September 18, 2017, Technical Analysis
The British pound skyrocketed against the US dollar again on Friday, as fallout from the British central bank suggesting that interest rate hikes are coming sooner rather than later continues. However, we are testing a major resistance...
EUR/USD Forecast September 18, 2017, Technical Analysis
The EUR/USD pair rallied significantly during the session on Friday, as we are looking to break above the 1.20 level again. If we can, this market should continue to go much higher. I still have a longer-term...
AUD/USD Forecast September 18, 2017, Technical Analysis
The Australian dollar tried to rally during the day on Friday, but found a bit of resistance near the 0.030 level. By pulling back, we have settled near the 0.0 level again, an area that has been...
DXY Elliott Wave View 9.15.2017
DXY Dollar Index Short Term Elliott Wave view suggests that the Index ended Primary wave ((3)) at 91.01. Primary wave ((4)) bounce is proposed complete at 92.66 as a double three Elliott Wave structure. Wave (W) of ((4)) ended...
EURGBP Broke Below Trend Line Support
EURGBP recently broke below the bullish trend line at 0.9050 on its daily chart. The subsequent fall had taken price to as low as 0.8866, indicating that the upside movement from 0.8313 had completed at 0.9306 already....