EURUSD Daily Analysis – February 21, 2019
EURUSD extended its upside movement from 1.1234 to as high as 1.1371. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
Month: February 2019
Elliott Wave View: Gold Looking to break 2018 High
We have highlighted the possibility that Gold can quickly retest the high in 2018. The chart below shows the yellow metal has broken above a long term bearish channel from Sept 5, 2011 high. In addition, it...
South African Regulation – What Are the Features and Why Is It Good?
Just like any other country, South Africa hosts its very own financial regulator. However, it can be said that the institution is quite new. It was first established in 1991, which is quite young in terms of...
AUDUSD: The First Target of the Increase Is 0.7307
The market owners’ cash investments in derivatives on the Australian dollar by CME Group exchanges amounted to $ 19 billion 464 million. The capitalization of investments decreased by 4%. The net advantage of bearish positions decreased by...
USDCAD Daily Analysis – February 20, 2019
USDCAD broke below 1.3195 support, suggesting that the upside movement from 1.3068 had completed at 1.3339 already. Deeper decline would likely be seen and next target would be at 1.3100 area. Resistance is at 1.3280, only break...
USDJPY Daily Analysis – February 20, 2019
USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 108.49. As long as the channel support holds, the upside movement could be expected to continue and next target would...
AUDUSD Daily Analysis – February 20, 2019
AUDUSD extended its upside movement from 0.7054 to as high as 0.7176. Further rise is still possible in the coming days and next target would be at 0.7200 area. Support is at the rising trend line on...
GBPUSD Daily Analysis – February 20, 2019
GBPUSD broke above 1.2996 resistance, suggesting that the downside movement from 1.3217 had completed at 1.2772 already. Further rally would likely be seen and next target would be at 1.3200 area. Near term support is at 1.3000,...
EURUSD Daily Analysis – February 20, 2019
EURUSD broke above 1.1341 resistance, suggesting that the downside movement from 1.1514 had completed at 1.1234 already. Further rally could be expected in a couple of days and next target would be at 1.1400 area. Support levels...
EOS Token Price Looking for A Technical Recovery
The EOS token is the cryptocurrency of the EOS network which is using the blockchain technology architecture to enable vertical and horizontal scaling of decentralized applications. 2018 was the worst year for cryptocurrency investors as the market...