USDJPY Daily Analysis – March 15, 2019
USDJPY stays above a rising trend line on the 4-hour chart and remains in the uptrend from 110.77. Further rise could be expected and next target would be at 112.50 area. Near term support is at 111.50,...
Month: March 2019
AUDUSD Daily Analysis – March 15, 2019
AUDUSD broke below 0.7048 support, suggesting that the short term uptrend from 0.7003 had completed at 0.7097 already. Another fall could be expected and next target would be at 0.7000 area. Resistance is at 0.7097, only a...
GBPUSD Daily Analysis – March 15, 2019
After touching 1.3350 resistance, GBPUSD pulled back from 1.3381. Deeper decline would likely be seen and the target would be at 1.3100 area. As long as 1.3100 support holds, the fall could be treated as consolidation for...
EURUSD Daily Analysis – March 15, 2019
EURUSD is facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.1338 could be treated as consolidation for the uptrend from 1.1176, further...
Vale Aiming to Break Above 2008 Bearish Trend-Line
Vale is a Brazilian multinational mining corporation and also is the largest producer of iron ore and nickel in the world. In 2016, many commodities saw significant moves to the upside with the rise of Oil and Gold prices. The move...
Elliott Wave View: Crude Oil Breakout In Progress
In our previous Chart of The Day on February 28, we suggested that Crude Oil (CL_F) is on the verge of a breakout. It has now confirmed our view as price extends higher and breaks above March...
OPEC Supply Cuts Continue To Support Oil Prices
Oil prices rose 1 percent on Monday after Saudi Arabia reiterated that OPEC will continue to maintain the production curb. Riyadh plans to keep output well below 10 million barrels per day and reduces export to below...
USDCAD Daily Analysis – March 14, 2019
USDCAD stays below a fall trend line on the 4-hour chart and remains in the downtrend from 1.3467. Further decline is still possible after a minor consolidation and next target would be at 1.3250 area. Only a...
USDJPY Daily Analysis – March 14, 2019
USDJPY extended is upside movement from 110.77 to as high as 111.62. Further rise is still possible in the coming days and next target would be at 112.00 area. Support is at the bullish trend line on...
AUDUSD Daily Analysis – March 14, 2019
AUDUSD moved sideways in a trading range between 0.7048 and 0.7097. As long as 0.7048 support holds, the price action in the range could be treated as consolidation in the uptrend from 0.7003, further rise to 0.7170...