USDJPY extended its downside movement from 112.40 to as low as 110.28. Further decline is still possible after a minor consolidation and next target would be at 109.50 area. Near term resistance is at 110.90, a break...
AUDUSD extended its downside movement from 0.7068 to as low as 0.6962. Further decline is still possible in a couple of days and next target would be at 0.6900 area. Resistance is located at the bearish trend...
GBPUSD broke above 1.3102 resistance and extended its upside movement from 1.2865 to as high as 1.3176. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be...
EURUSD remains in the uptrend from 1.1110, the fall from 1.1264 is likely corrective consolidation for the uptrend. Another rise towards 1.1264 resistance could be expected in the coming days, a break of 1.1200 level could signal...
Summary The Federal Reserve shows no bias to hike nor cut interest rate. Fed Chairman Jerome Powell believes subdued inflation is “transitory”. U.S. stocks fell and the Dollar strengthens as odds of a rate cut drops. Technical...
Hello fellow traders. In this technical blog we’re going to take a quick look at the charts of GOLD published in members area of the website. GOLD has had incomplete sequences in the cycle from the February...
In today’s blog, we will have a look at the latest moves in The Cheesecake Factory Incorporated stock. Cheesecake Factory is an American Restaurant chain and distributor of cheesecakes which has its headquarter in Los Angeles, California. The...
By Murray Gunn Multi-billionaire hedge fund manager Ray Dalio recently published a 7500-word call to reform American capitalism. Noting that the nation’s wealth gap is the “highest since the 1930s,” Dalio wrote that rather than distributing income...
USDCAD remains in the uptrend from 1.3068, the fall from 1.3520 is likely consolidation for the uptrend. As long as 1.3250 key support holds, the upside movement could be expected to resume and further rise to 1.3650...
USDJPY remains in the uptrend from 105.05. As long as the price is above the rising trend line on the daily chart, the pullback from 112.40 could be treated as consolidation for the uptrend, further rise to...
