USDPLN Elliott Wave Forecast: Identifying Blue Box Area
In this blog, we take a look at Elliott Wave structure of USDPLN forex pair since 1/31/2019 low and our main goal is to identify the blue box area within the pull back and what we could...
Month: February 2019
USDCAD Weekly Analysis – February 24, 2019
USDCAD continued its sideways movement in a trading range between 1.3068 and 1.3375. As long as 1.3375 resistance holds, the price action in the trading range could be treated as consolidation for the downtrend from 1.3664, a...
USDJPY Weekly Analysis – February 24, 2019
USDJPY remains in the uptrend from 105.05. Further rise is still possible in a couple of weeks and next target would be at 113.00 area. Near term support is at 109.80, below this level could bring the...
AUDUSD Weekly Analysis – February 24, 2019
AUDUSD remains in the downtrend from 0.7295, the bounce from 0.7054 is likely corrective consolidation for the downtrend. Further decline could be expected and next target would be at 0.6900 area. Resistance is at 0.7200, only break...
GBPUSD Weekly Analysis – February 24, 2019
GBPUSD’s fall from 1.3217 had completed at 1.2772 already. Another rise towards 1.3500 would likely be seen over the next several weeks. Near term support is at 1.2960, below this level could bring the price back towards...
EURUSD Weekly Analysis – February 24, 2019
EURUSD failed to break below 1.1215 support, suggesting that lengthier sideways movement in the trading range between 1.1215 and 1.1570 is needed. However, as long as 1.1570 resistance holds, the price action in the trading range could...
S&P500: The First Target of the Decrease Is 2525.00
The investments of the reporting participants in the options and futures markets on the S&P500 stock index of the CME Group exchanges decreased by 1%. Total cash investment in the S&P500 was $ 962 billion 917 million....
USDCAD Daily Analysis – February 22, 2019
USDCAD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.3149 could be treated as consolidation for the downtrend from 1.3339, another...
USDJPY Daily Analysis – February 22, 2019
USDJPY moved sideways in a trading range between 110.25 and 111.12. As long as 110.25 support holds, the price action in the range could be treated as consolidation for the uptrend from 108.49, further rise to 112.00...
AUDUSD Daily Analysis – February 22, 2019
AUDUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 0.7054 had completed at 0.7206 already. Further decline is still possible in the coming days and next target would be...