GBPUSD Daily Analysis – February 12, 2019
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3217. Further decline is still possible in a couple of days and next target would be at 1.2750 area. Key...
Month: February 2019
EURUSD Daily Analysis – February 12, 2019
EURUSD broke below 1.1289 support and extended its downside movement from 1.1514 to as low as 1.1267. Further decline is still possible after a minor consolidation and next target would be at 1.1200 area. Near term resistance...
BP Cycles and Elliott Wave from February 2016
BP Cycles and Elliott Wave from February 2016 Firstly I would like to mention the data I have on the BP stock goes back to around 1968 when prices were ranging around in between 1 & 2...
Shopify (NYSE:SHOP) – Bullish Flag Breakout Higher
Shopify (NYSE:SHOP) is an electronic commerce company offering online stores and retail point of sale platform designed for small and medium-sized businesses. Merchants can design, set up and manage their shops using a single interface which make is an...
EURUSD: The first long-term goal of increasing is 1.1415
Total cash investments among the major participants in the CME Group of derivatives trading for the euro increased by less than 1%. At the same time, the total capitalization of investments in dollars amounted to $ 160...
USDCAD Daily Analysis – February 11, 2019
USDCAD’s upside movement from 1.3068 extended to as high as 1.3329. Further rise is still possible after a minor consolidation and next target would be at 1.3450 area. Support is at 1.3230, a breakdown below this level...
USDJPY Daily Analysis – February 11, 2019
USDJPY moved sideways in a narrow range between 109.55 and 110.16. As long as 109.55 support holds, the sideways movement could be treated as consolidation for the uptrend from 108.49, further rise to 111.00 area could be...
AUDUSD Daily Analysis – February 11, 2019
AUDUSD remains in the downtrend from 0.7295, the bounce from 0.7060 is likely consolidation for the downtrend. Further decline is still possible and next target would be at 0.7000 area. Near term resistance is at 0.7120, a...
GBPUSD Daily Analysis – February 11, 2019
GBPUSD extended its downside movement from 1.3217 to as low as 1.2853. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next...
EURUSD Daily Analysis – February 11, 2019
EURUSD’s downside movement from 1.1514 extended to as low as 1.1314. Further decline is still possible after a minor consolidation and next target would be at 1.1250 area. Near term resistance is at 1.1350, a break of...