USDJPY Daily Analysis – March 13, 2020
USDJPY is now in the uptrend from 101.17. 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 would be at...
Month: March 2020
AUDUSD Daily Analysis – March 13, 2020
AUDUSD broke below 0.6311 support and extended its downside movement from 0.6684 to as low as 0.6211. Further decline is still possible and next target would be at 0.6150 area. Near term resistance is at 0.6385, a...
GBPUSD Daily Analysis – March 13, 2020
GBPUSD’s downside movement from 1.3199 extended to as low as 1.2490. Further decline would likely be seen after a minor consolidation and next target would be at 1.2400 area. Near term resistance is at 1.2640, a break...
EURUSD Daily Analysis – March 13, 2020
EURUSD extended its downside movement from 1.1496 to as low as 1.1055, breaking below 1.1095 support. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected...
Elliott Wave View : S&P 500 (SPX) Reaching Inflection Area
Short term Elliott Wave view in S&P 500 (SPX) suggests cycle from February 19, 2020 high is unfolding as a double three Elliott Wave structure. Down from February 19, 2020 high, wave ((W)) ended at 2855 low....
USDCAD Daily Analysis – March 12, 2020
USDCAD continued its upside movement from 1.3201 and the rise extended to as high as 1.3819. Further rise would likely be seen and next target would be at 1.3850 area. Near term support is at 1.3680, a...
USDJPY Daily Analysis – March 12, 2020
After touching the resistance of the falling trend line on the 4-hour chart, USDJPY dropped sharply to 103.09, breaking below 103.20 support, suggesting that the pair remains in the downtrend from 112.22. Further decline could be expected...
AUDUSD Daily Analysis – March 12, 2020
AUDUSD is facing 0.6450 support, a breakdown below this level could trigger further downside movement to 0.6350 area. On the upside, as long as 0.6450 support holds, the fall from 0.6684 could be treated as corrective consolidation...
GBPUSD Daily Analysis – March 12, 2020
GBPUSD extended its downside movement from 1.3199 to as low as 1.2804. 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...
EURUSD Daily Analysis – March 12, 2020
EURUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.0778 had completed at 1.1496 already. Further decline would likely be seen in a couple of days and next target...