Will Yen Continue to Outperform in 2019?
Care to guess what is the best performing major currency in 2018? Chances are you will say that it’s the US Dollar. Although US Dollar is doing pretty well this year, the best performing currency is in...
Month: December 2018
OIL Elliott Wave Forecasting The Decline
Hello fellow traders. In this technical blog we’re going to take a quick look at the charts of OIL published in members area of the website. As our members know, we were calling for decline in OIL...
USDCAD Daily Analysis – December 31, 2018
USDCAD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.3253. As long as the channel support holds, the upside movement could be expected to continue and next target would...
USDJPY Daily Analysis – December 31, 2018
USDJPY broke below 110.26 support, suggesting that the downtrend from 113.70 has resumed. Further decline could be expected in the coming days and next target would be at 109.00 area. Key resistance is now at 111.45, only...
AUDUSD Daily Analysis – December 31, 2018
AUDUSD moved sideways in a narrow range between 0.7016 and 0.7077. The price action in the range is likely consolidation for the downtrend from 0.7246. Another fall could be expected after the consolidation and next target would...
GBPUSD Daily Analysis – December 31, 2018
GBPUSD remains in the short term uptrend from 1.2475, a break of 1.2738 resistance could trigger further upside movement towards 1.2850. Support is at 1.2606, below this level could bring the price back into 1.2500 zone.
EURUSD Daily Analysis – December 31, 2018
EURUSD is facing 1.1485 resistance, a breakout of this level could trigger further upside movement to 1.1700 area. Near term support is at 1.1400, below this level could bring the price back to next support level at...
USDCAD Weekly Analysis – December 30, 2018
USDCAD stays above a bullish trend line on the daily chart and remains in the uptrend from 1.2782. As long as the trend line support holds, the upside movement could be expected to continue and next target...
USDJPY Weekly Analysis – December 30, 2018
USDJPY extended its downside movement from 114.54 to as low as 110.14. Further decline is still possible and next target would be at 108.00 area. Near term resistance is at 111.50, above this level could bring the...
AUDUSD Weekly Analysis – December 30, 2018
AUDUSD’s downside movement from 0.7393 extended to as low as 0.7016, breaking below 0.7020 support. Further decline is still possible and next target would be at 0.6800 area. Resistance is at 0.7100, only a break of this...