GBPUSD moved sideways in a trading range between 1.2723 and 1.2883. The sideways movement is likely consolidation for the downtrend from 1.3174. A breakdown below 1.2723 support would indicate that the downtrend has resumed, then next target...
EURUSD is facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the fall from 1.1472 could be treated as consolidation for the uptrend from 1.1215 and...
The U.S. Consumer Measured Via the XLY “The U.S. economy is the global economic driver. And within the U.S. economy, the U.S. consumer is the global driver.” James P. Gorman We’re Entering In Negative Territory for 2018...
Even today with the explosion of advancements in quantitative analysis utilizing the most sophisticated algorithms and artificial intelligence available the debate rages on between whether a technical-based trading methodology is superior to a fundamental-based trading methodology and...
USDCAD broke above 1.3263 resistance and extended its upside movement from 1.2782 to as high as 1.3317. Further rise is still possible after a minor consolidation and next target would be at 1.3350 area. Support is at...
USDJPY stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 114.20. As long as the price is in the channel, the bounce from 112.30 could be treated as consolidation for...
AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.7164 had completed at 0.7337 already. Deeper decline to test l0.7164 support would likely be seen and a breakdown below...
GBPUSD remains in the downtrend from 1.3174. Another fall to test 1.2695 support would likely be seen after consolidation. Near term resistance is at 1.2883, above this level could bring the price back towards the bearish trend...
EURUSD dropped sharply from 1.1472 and is now facing the support of the bullish trend line on the 4-hour chart. A breakdown below the trend line support would indicate that the upside movement from 1.1215 had completed...
The trade war between USA & China had led to a global fear around the stock market and causing a mid-term “bear market” in China which lost 30% since the start of 2018. The latest plan is that the...
