EURUSD is facing the bottom support trend line of the triangle pattern on the 4-hour chart, below this trend line support could trigger further downside movement towards 1.1200. Near term resistance is at 1.1350, a break of...
CADJPY Technical Analysis December 10/2018 CADJPY looks poised to make another move lower. There are bearish market patterns that are clearly visible. On the Weekly chart below, CADJPY formed a Bearish Pattern (blue) that triggered sellers on...
The market celebrated the trade war truce between U.S. and China after the successful meeting last week between President Trump and Xi. Unfortunately, it only lasted for about 24 hours as news came in with the arrest...
Since the 2008 Financial Crisis, Goldman Sachs (NYSE: GS) established a new multi-year bullish trend which managed to break above 2007 peak after just 10 years joining the list of many other stocks which already achieved new...
USDCAD is facing 1.3444 resistance, a break of this level could trigger further upside movement towards 1.3500 area. Support is at 1.3300, a breakdown below this level could bring the price back towards 1.3200 area.
USDJPY broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 114.03 had completed at 112.23 already. Further rise would likely be seen and next target would be at 114.00 area....
AUDUSD moved sideways in a trading range between 0.7178 and 0.7241. As long as 0.7241 resistance holds, the bounce from 0.7178 could be treated as consolidation for the downtrend from 0.7393, further decline could be expected after...
GBPUSD dropped sharply to as low as 1.2506. Further decline is still possible and next target would be at 1.2400 area. Near term resistance is at 1.2600, a break of this level could bring the price back...
After touching the top trend line of the triangle pattern on the 4-hour chart, EURUSD pulled back from 1.1442, suggesting that lengthier sideways movement is underway. Deeper decline towards the bottom trend line of pattern would likely...
USDCAD broke below 1.3330 support, suggesting that the short term uptrend from 1.3159 had completed at 1.3444 already. Deeper decline is still possible and next target would be at 1.3200 area. Near term resistance is at 1.3350,...
