USDCAD Daily Analysis – November 27, 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 price is in the channel, the fall from 1.3317 could be treated...
Month: November 2018
USDJPY Daily Analysis – November 27, 2018
USDJPY stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 112.30. As long as the trend line support holds, the uptrend could be expected to continue and next target would...
AUDUSD Daily Analysis – November 27, 2018
AUDUSD is facing 0.7201 support, a breakdown below this level could take the price to 0.7100 area. Resistance is at 0.7277, only a break of this level would indicate that the downside movement from 0.7337 had completed...
GBPUSD Daily Analysis – November 27, 2018
GBPUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3174. As long as the price is below the trend line, the downside movement could be expected to continue and...
EURUSD Daily Analysis – November 27, 2018
EURUSD remains in the downtrend from 1.1472, further decline could be expected and next target would be at 1.1250 area. Resistance is at 1.1383, only a break of this level could trigger another bullish movement towards 1.1500.
Simple Moving Average Indicator (SMA) Explained
The simple moving average (SMA) is widely used in forex analysis. It is the simplest of all forex analysis moving average methods. The premise of the SMA is comparing the closing price of assets to the period...
USDX Forecasting The Rally After Pull Back
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of USDX published in members area of The Website. As our members know, USDX has incomplete bullish sequences. Break...
G20 Meeting May Dictate Path of Stock Market for Rest of the Year
Global Indices continue to retreat in the fourth quarter of this year as the combination of Fed’s quantitative tightening and escalating trade wars threatens to derail the 10 year bullish market. Below is the Year-to-Date return of...
USDCAD Daily Analysis – November 26, 2018
USDCAD failed to break below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.2782. Another rise could be expected in the coming days...
USDJPY Daily Analysis – November 26, 2018
USDJPY extended its upside movement from 112.30 to as high as 113.29. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...