EURUSD Daily Analysis – April 9, 2018
EURUSD stays in a falling price channel on its 4-hour chart and remains in the downtrend from 1.2476. As long as the price is in the channel, the bounce from 1.2214 could be treated as consolidation for...
Month: April 2018
USDCAD Weekly Analysis – April 8, 2018
USDCAD broke below 1.2803 support, suggesting that the upside movement from 1.2248 had completed at 1.3124 already. Further decline would likely be seen over the next several weeks and next target would be at 1.2650, followed by...
USDJPY Weekly Analysis – April 8, 2018
USDJPY is facing 107.90 resistance, a breakout of this level would suggest that the downside movement from 114.73 had completed at 104.63 already, then the following upside movement could take price to next resistance level at 110.00...
AUDUSD Weekly Analysis – April 8, 2018
AUDUSD remains in the downtrend from 0.8135, the rise from 0.7642 is likely consolidation for the downtrend. Range trading between 0.7642 and 0.7785 would likely be seen over the next several days. As long as 0.7785 resistance...
GBPUSD Weekly Analysis – April 8, 2018
GBPUSD stays in a trading range between 1.3711 and 1.4345. Another fall towards 1.3711 support could be expected next week. A breakdown below this level would suggest that the bullish movement from 1.1946 (Oct 7, 2016 low)...
EURUSD Weekly Analysis – April 8, 2018
EURUSD continued its sideways movement in a trading range between 1.2154 and 1.2555. As long as 1.2154 support holds, the sideways move could be treated as consolidation for the uptrend from 1.1554 and a breakout of 1.2555...
U.S. Dollar: Why It Pays to Use the Elliott Wave Model
By Elliott Wave International The legendary football coach Vince Lombardi believed that a winning team is built on mastering the game’s basics — so much so that at the start of the season he would “remind” veteran...
Elliott Wave Analysis: Further Strength in USDJPY
USDJPY short term Elliott Wave view suggests that the decline to 104.54 low on March 26 ended Intermediate wave (3). Wave (4) correction is in progress as a double three Elliott Wave Structure. A double three is a 7 swing...
USDCAD Daily Analysis – April 6, 2018
USDCAD continued its downside movement from 1.2943 to as low as 1.2744. Further decline is still possible and next target would be at 1.2650 area. Near term resistance at 1.2810, only break above this level could trigger...
USDJPY Daily Analysis – April 6, 2018
USDJPY broke above 107.01 resistance and extended its upside movement from 105.65 to as high as 107.49. Near term support is at the bottom trend line of the price channel on the 4-hour chart. As long as...