USDCAD Daily Analysis – November 30, 2018
USDCAD remains in the uptrend from 1.2782 (Oct 1 low). As long as the price is in the bullish price channel on the 4-hour chart, the upside movement could be expected to continue and next target would...
Month: November 2018
USDJPY Daily Analysis – November 30, 2018
USDJPY broke below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the uptrend from 112.30 had completed at 114.03 already. The pair is now in downtrend, further decline could be...
AUDUSD Daily Analysis – November 30, 2018
AUDUSD extended its upside movement from 0.7199 to as high as 0.7344, breaking above 0.7337 resistance. The upside movement could be expected to continue and next target would be at 0.7400 area. Near term support is at...
GBPUSD Daily Analysis – November 30, 2018
GBPUSD failed to break above the bearish trend line on the 4-hour chart, suggesting that the pair remains in the downtrend from 1.3174. As long as the trend line resistance holds, the price action from 1.2723 could...
EURUSD Daily Analysis – November 30, 2018
EURUSD is now in the uptrend from 1.1267. Further rally would likely be seen in a couple of days and next target would be at 1.1450 area. Near term support is at 1.1340, only a breakdown below...
Elliott Wave Analysis: USDJPY Looking for Further Strength
Short term Elliott Wave View in USDJPY suggests that the pullback to 112.27 ended Minute wave ((x)). Internal of Minute wave ((x)) unfolded as a zigzag Elliott Wave structure where Minutte wave (a) ended at 113.07, Minutte...
Elliott Wave: SPX Decision Time Is Coming Soon
The SPX Index is trading within a Blue Box in our system, these boxes are areas in which the Market needs to define whether it will become an Impulsive sequence which runs in 5-9-13 waves or corrective sequence...
USDCAD Daily Analysis – November 29, 2018
USDCAD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.2782 (Oct 1 low). As long as the channel support holds, the uptrend could be expected to continue and next...
USDJPY Daily Analysis – November 29, 2018
USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 112.30. As long as the channel support holds, the fall from 114.03 could be treated as consolidation for the uptrend....
AUDUSD Daily Analysis – November 29, 2018
AUDUSD broke above 0.7277 resistance, suggesting that the upside movement from 0.7020 has resumed. Further rise would likely be seen and a breakout of 0.7337 resistance could take the price to 0.7400 area. Support is at 0.7260,...