USDCAD moved sideways in a trading range between 1.3376 and 1.3520 for several days. As long as 1.3376 key support holds, the uptrend from 1.3274 could be expected to resume, further rise towards 1.3600 is still possible...
USDJPY’s downside movement from 112.40 extended to as low as 109.90. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target...
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7205. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...
GBPUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.2865 had completed at 1.3176 already. Further decline could be expected and next target would be at 1.2900 area. Near...
EURUSD moved sideways in a trading range between 1.1166 and 1.1218. As long as 1.1166 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.1135, a breakout of 1.1218...
EURUSD Technical Analysis May 7/2019 EURUSD : Bearish market patterns can be seen on the EURUSD 15 minute chart. In the chart below blue bearish pattern triggers SELLS at the BC 0.50% Fib. retracement level. The orange...
Short Term Elliott Wave view on GBPJPY suggests that further downside is expected. On the chart below, wave ((iii)) ended at 143.74 and wave ((iv)) bounce ended at 146.51. Pair has since broken to new low below...
Summary The odds of trade war escalation rises after Trump sent a pair of tweets threatening to increase tariffs to Chinese goods. If there is no deal by this Friday, the tariffs to Chinese goods will rise...
USDCAD continued its sideways movement in a trading range between 1.3376 and 1.3520. As long as 1.3376 key support holds, the sideways movement could be treated as consolidation for the uptrend from 1.3274, a break of 1.3520...
USDJPY extended its downside movement from 112.40 to as low as 109.96. Further decline is still possible in a couple of days and next target would be at 109.50 area. Near term resistance is at 110.95, a...
