USDJPY Daily Analysis – February 13, 2019
USDJPY extended its upside movement from 108.49 to as high as 110.70. Further rise could be expected in a couple of days and next target would be at 111.50 area. Near term support is at 110.30, only...
Month: February 2019
AUDUSD Daily Analysis – February 13, 2019
AUDUSD broke above 0.7120 resistance, suggesting that the downside movement from 0.7295 had completed at 0.7054 already. Further rally could be expected in the coming days and next target would be at 0.7180 area. Support is at...
GBPUSD Daily Analysis – February 13, 2019
GBPUSD is facing the resistance of the price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.2832 could be treated as consolidation for the downtrend from 1.3217, further decline towards...
EURUSD Daily Analysis – February 13, 2019
EURUSD rebounded strongly from 1.1257, suggesting that the downside movement from 1.1514 had completed. Further rally is still possible and next target would be at 1.1360, followed by 1.1400. Near term support is at 1.1300, below this...
Elliott Wave View Favors More Downside in GBPUSD
GBPUSD short-term Elliott wave view suggests that the rally to 1.322 on Jan 26, 2019 ended wave ((X)). Decline from there is unfolding as a 5 waves impulse Elliott Wave structure. Down from 1.322, wave (i) ended...
$IBM Long Term Bullish Trend and Elliott Wave Cycles
$IBM Long Term Bullish Trend and Elliott Wave Cycles Firstly I would like to mention Big Blue has been around for over 100 years since it was founded. I have price data that goes back to the...
Has S&P E-Mini Futures (ES_F) Formed Secondary High?
Recall in our previous article we said U.S. Indices, specifically S&P 500 E-Mini Futures (ES_F), likely won’t break last year’s high yet. From the technical side, the chart below shows why the current level around 2700 presents a...
USDCAD Daily Analysis – February 12, 2019
USDCAD is facing 1.3329 resistance, a break of this level would indicate that the uptrend from 1.3068 has resumed, then next target would be at 1.3450 area. Near term support is at 1.3230, below this level could...
USDJPY Daily Analysis – February 12, 2019
USDJPY broke above 110.16 resistance and extended its upside movement from 108.49 to as high as 110.50. Further rise could be expected in a couple of days and next target would be at 111.50 area. Key support...
AUDUSD Daily Analysis – February 12, 2019
AUDUSD remains in the downtrend from 0.7295, further decline is still possible in a couple of days and next target would be at 0.7000 area. Near term resistance is at 0.7120, a break of this level could...