AUDUSD Weekly Analysis – December 15, 2019
AUDUSD broke above the falling trend line on the daily chart. Further rally would likely be seen over the next several days and next target would be at 0.7050 area. Near term support is at 0.6795, a...
Month: December 2019
GBPUSD Weekly Analysis – December 15, 2019
GBPUSD’s upside movement from 1.1958 extended to as high as 1.3514. As long as the price is in the rising price channel on the daily chart, the upside movement could be expected to continue and next target...
EURUSD Weekly Analysis – December 15, 2019
EURUSD broke above the falling price channel on the daily chart. Further rally is still possible over the next several weeks and next target would be at 1.1350 area. Near term support is at 1.1035, a breakdown...
USDCAD Daily Analysis – December 13, 2019
USDCAD extended its downside movement from 1.3269 to as low as 1.3150, breaking below 1.3158 support. Further decline could be expected in a couple of days and next target would be at 1.3100 area. Near term resistance...
USDJPY Daily Analysis – December 13, 2019
USDJPY broke above 109.00 resistance and extended its upside movement from 108.42 to as high as 109.58. Further rise could be expected and the target would be at the top of the rising price channel on the...
AUDUSD Daily Analysis – December 13, 2019
AUDUSD extended its upside movement from 0.6800 to as high as 0.6938. Further rise is still possible after a minor consolidation and next target would be at 0.7000. Near term support is at 0.6890, below this level...
GBPUSD Daily Analysis – December 13, 2019
GBPUSD’s upside movement from 1.2822 extended to as high as 1.3514. Further rise is still possible after a minor consolidation and next target would be at 1.3550 area. Near term support is at 1.3350, below this level...
EURUSD Daily Analysis – December 13, 2019
EURUSD’s upside movement from 1.0981 extended to as high as 1.1199. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target...
Elliott Wave View: Tesla Resumes Higher
Short-term Elliott Wave view in Tesla (TSLA) suggests that pullback to 327.1 on Nov 27 low ended wave (4). From there, the stock is rallying within wave (5) as a 5 waves Elliott wave impulsive structure looking for more...
USDCAD Daily Analysis – December 12, 2019
USDCAD extended its downside movement from 1.3269 to as low as 1.3161, facing the support level at 1.3158. A breakdown below this level could trigger further downside movement towards 1.3100. Near term resistance is at 1.3190, above...