The Yuan (CNY) is the basic unit of the Renminbi which represents the official currency of the People’s Republic of China. The ongoing trade war between China and United States is affecting the economy for both country and the recent tension caused by...
Ethereum has been following a very nice Elliott Wave structure and has been playing out nicely. The Instrument did a 5 waves advance structure from its all-time lows followed by a pullback in a 7 swings Elliott...
USDCAD moved sideways in a trading range between 1.3376 and 1.3520. Another fall towards 1.3376 support could be expected, a breakdown below this level could take the price to 1.3300 area. Near term resistance is at 1.3455,...
USDJPY is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 109.01 could be treated as consolidation for the downtrend from 112.40, another...
AUDUSD is facing the top trend line of the price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 0.6864 could be treated as consolidation for the downtrend from 0.7068, one...
GBPUSD remains in the downtrend from 1.3176. Further decline could be expected after a minor consolidation and next target would be at 1.2700 area. Near term resistance is at 1.2780, a break of this level could bring...
EURUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.1263. As long as the price is below the trend line, the bounce from 1.1150 could be treated as consolidation...
USDCAD failed to break above 1.3520 resistance and stayed in a trading range between 1.3376 and 1.3520. Another fall to test 1.3376 support would likely be seen, a breakdown below this level could take the price to...
USDJPY broke above 110.04 resistance. Further rally towards the falling trend line on the 4-hour chart could be expected in the coming days. A breakout of the trend line resistance would confirm that the downside movement from...
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7068. As long as the channel resistance holds, the bounce from 0.6864 could be treated as consolidation for the downtrend....
