EURUSD Weekly Analysis – November 5, 2017
EURUSD is now in downtrend from 1.2092. As long as the price is below the bearish trend line on the daily chart, the downside movement could be expected to continue and next target would be at the...
Month: November 2017
USD/JPY Forecast November 6, 2017, Technical Analysis
The US dollar rallied against the Japanese yen after initially chopping around during the session. The jobs number of course missed, and it sold the pair off, but Americans came back and picked it up again. Ultimately,...
USD/CAD Forecast November 6, 2017, Technical Analysis
The US dollar went sideways initially during the session on Friday, but then broke down rather significantly as the Americans missed the expected jobs number. By doing so, this favored Canada, and we course rolled over. Even...
GBP/USD Forecast November 6, 2017, Technical Analysis
The British pound rallied a bit during the day on Friday, but I believe that the bearish pressure should continue as the Bank of England raising interest rate was a one-time thing from we can see. Ultimately,...
EUR/USD Forecast November 6, 2017, Technical Analysis
The EUR/USD pair initially went sideways on Friday, but then turned to rally towards the 1.17 level. That’s an area that should be massively resistive, as it was massively supportive in the past. It was the neckline...
AUD/USD Forecast November 6, 2017, Technical Analysis
The Australian dollar broke down during the trading session on Friday as the jobs numbers in America disappointed. While a bit counterintuitive, this is because the US dollar strength as the “risk off” trade came back into...
USDCAD Daily Analysis – November 3, 2017
USDCAD moved sideways in a trading range between 1.2780 and 1.2916. As long as 1.2780 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.2433, and another rise towards 1.3100 could be...
USDJPY Daily Analysis – November 3, 2017
USDJPY stays in a trading range between 112.95 and 114.45. As long as the price is above 112.95, the sideways movement in the range could be treated as consolidation of the uptrend 111.65, and another rise towards...
AUDUSD Daily Analysis – November 3, 2017
AUDUSD broke above 0.7718 resistance, suggesting that lengthier consolidation for the downtrend from 0.8124 (Sep 8 high) is underway. Further rally is still possible and next target would be at 0.7750. Above this level would aim 0.7800...
GBPUSD Daily Analysis – November 3, 2017
GBPUSD failed in its attempt to breakout of 1.3337 resistance and dropped sharply to 1.3040 area, facing the major support trend line on the daily chart. A clear break below this trend line will suggest that the...