Welcome traders, today we look at a couple of 30-min Coffee futures (KC_F) charts and its price action within hours. The following analysis will show how profitable and efficient it can be to trade with our philosophy and...
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GBPCAD. As our members know GBPCAD is showing incomplete bullish sequences in the cycle from the August...
USDCAD broke above 1.3373 resistance, suggesting that the downside movement from 1.3450 had completed at 1.3295 already. Further rally is still possible in the coming days and next target would be at 1.3430 area. Support is at...
USDJPY broke below the bullish trend line on the 4-hour chart, suggesting that consolidation for the uptrend from 109.70 is underway. Range trading between 111.20 and 111.82 would likely be seen in a couple of days. As...
AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 0.7168 had completed at 0.7052 already. Another rise towards 0.7200 would likely be seen in the coming days. Support is...
GBPUSD is facing 1.2960 support once again, a breakdown below this level could trigger further downside movement towards 1.2850 area. Resistance is at 1.3196, above this level could take the price to 1.3300 area.
EURUSD moved sideways in a trading range between 1.1183 and 1.1254. As long as 1.1254 resistance holds, the price action in the trading range could be treated as consolidation for the downtrend from 1.1448, a breakdown below...
USDCAD moved sideways in a trading range between 1.3250 and 1.3467. Resistance is at 1.3467, a break of this level could signal resumption of the uptrend from 1.3068, then next target would be at 1.3600 area. Support...
USDJPY is facing 112.13 resistance, a break of this level would indicate that the upside movement from 105.05 has resumed, then further rise to 114.00 area could be seen. Key support is at 109.70, only break below...
AUDUSD is facing the resistance of the falling price channel on the daily chart. As long as the channel resistance holds, the bounce from 0.7003 could be treated as consolidation for the downtrend from 0.7295, deeper decline...
