USDCAD Daily Analysis – March 27, 2019
USDCAD’s fall from 1.3444 extended to as low as 1.3371. Deeper decline would likely be seen in a couple of days and next target would be at 1.3300 area. Resistance is at 1.3444, only break above this...
Month: March 2019
USDJPY Daily Analysis – March 27, 2019
USDJPY remains in the downtrend from 111.90, the bounce from 109.70 is likely consolidation for the downtrend. Key resistance is at 110.95, as long as this level holds, the downside movement could be expected to resume, and...
AUDUSD Daily Analysis – March 27, 2019
AUDUSD is in the downtrend from 0.7168, the bounce from 0.7065 is likely correction for the downtrend. Another fall could be expected and next target would be at 0.7000 area. Resistance is at 0.7168, only break above...
GBPUSD Daily Analysis – March 27, 2019
GBPUSD broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 1.3381 had completed at 1.3003 already. Further rally could be expected in the coming days and next target would be...
EURUSD Daily Analysis – March 27, 2019
EURUSD extended its downside movement from 1.1448 to as low as 1.1257. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next...
ZN_F Elliott Wave Analysis, USDJPY and SPX
ZN_F has rallied throughout March so in this blog, we will take a look at the Technical outlook for ZN_F (US 10 Year Note Futures), present Elliott wave count and also correlate it with USDJPY and $SPX...
Elliott Wave View: Nikkei Rally Likely Fails for Further Downside
Elliott Wave view is calling an end to Nikkei’s rally from December 26, 2018 low with wave X at 21884. The Index should resume the move lower and should eventually break below wave December 26, 2018 low....
AUDJPY : Catching the Trend Lower
AUDJPY Short Term Technical Analysis AUDJPY on March 8/2019 the pair bounced and traded higher. Price started a Higher High/Higher Low sequence and trended higher for the entire trading week of March 11-15/2019. In the chart below the...
USDCAD Daily Analysis – March 26, 2019
USDCAD failed to break above 1.3467 resistance and pulled back from 1.3444. Further decline would likely be seen in the coming days and next target would be at 1.3300 area. Resistance is at 1.3444, only break above...
USDJPY Daily Analysis – March 26, 2019
USDJPY remains in the downtrend from 111.90, the bounce from 109.70 is likely consolidation for the downtrend. Range trading between 109.70 and 110.60 would likely be seen in a couple of days. As long as 110.60 resistance...