GBPUSD Daily Analysis – April 17, 2019
GBPUSD failed to breakout of the upper trend line of the triangle pattern on the 4-hour chart and pulled back from 1.3132. Another fall to test 1.2960 key support would likely be seen in the coming days,...
Month: April 2019
EURUSD Daily Analysis – April 17, 2019
EURUSD remains in the uptrend from 1.1183, the pullback from 1.1323 is likely consolidation for the uptrend. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be...
Elliott Wave View: S&P 500 Futures Eyeing New All-Time High
Short term Elliott Wave view on S&P 500 Futures (ES_F) suggests that the rally from March 9, 2019 low (2726.50) is unfolding as a 5 waves impulse Elliott Wave structure. The Index is now within wave (3)...
USDCAD Daily Analysis – April 16, 2019
USDCAD continued its sideways movement in a trading range between 1.3283 and 1.3402. Resistance is at 1.3402, a break of this level could trigger further upside movement to 13450 area. Support is at 1.3283, below this level...
USDJPY Daily Analysis – April 16, 2019
USDJPY remains in the uptrend from 110.84, further rise could be expected after a minor consolidation, and a break of 112.09 could take the price to 113.00 area. Near term support is at 111.80, a breakdown below...
AUDUSD Daily Analysis – April 16, 2019
AUDUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 0.7052. As long as the channel support holds, the upside movement could be expected to continue and next target would...
GBPUSD Daily Analysis – April 16, 2019
GBPUSD is testing that the resistance of the upper trend line of the triangle pattern on the 4-hour chart. A breakout of the this trend line could trigger further upside movement to 1.3400 area. Key support is...
EURUSD Daily Analysis – April 16, 2019
EURUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.1183. As long as the trend line support holds, the upside movement could be expected to continue and next target...
WYNN Resorts Ltd. stock soaring Higher, Can It Continue?
Hello fellow traders. In today’s blog, we will have a look at the recent price action of the WYNN Resorts Ltd. stock. The stock is listed in the Nasdaq 100 and the S&P500. WYNN Resorts Ltd. is...
USDMXN Is Holding Down the USDX from Rallying
In today’s blog, we will have a look between the relationship of the Dollar Index and the Mexican Peso. The USDMXN has been trading in the same direction as the Dollar Index and both have peaked in January 2017....