We wrote in our previous article that Canadian dollar may get a bid if NAFTA (North America Free Trade Agreement) is successfully renegotiated. The three countries under NAFTA (U.S., Canada, and Mexico) are all under pressure to reach a...
USDCAD failed in its attempt to breakout of 1.2924 resistance and stayed in the trading range between 1.2728 and 1.2924. The price action in the trading range is likely consolidation for the downtrend from 1.2997 and another...
USDJPY extended its downside movement from 111.39 to as low as 109.44. Further decline could be expected after a minor consolidation and next target would be at 108.50 area. Resistance is at 110.50, only a breakout of...
AUDUSD stays above a rising trend line on its 4-hour chart and remains in the uptrend from 0.7412. As long as the trend line support holds, the fall from 0.7605 could be treated as consolidation for the...
GBPUSD extended its downside movement from 1.3617 to as low as 1.3304. As long as the price is in the falling channel on the 4-hour chart, the downside movement could be expected to continue and next target...
EURUSD broke below 1.1716 support and extended its downside movement from 1.1996 to as low as 1.1675. Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance...
The Hang Seng Index Larger Bullish Cycles. Firstly the Hang Seng index larger bullish cycles has been trending higher with other world indices. In April 2003 it put in a huge degree pullback low. From there the...
GBPUSD Elliott wave view in short-term cycle suggests that the decline from 4/17/2018 high (1.4377) is unfolding as an impulse Elliott wave structure where bounce to 1.3607 high ended Intermediate wave (4). Down from there, intermediate wave (5) remains in progress...
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USDCAD failed to break below 1.2728 support and stayed in the trading range between 1.2728 and 1.2924. Suggesting that lengthier consolidation for the downtrend from 1.2997 is needed. However, as long as 1.2924 resistance holds, the downtrend...
