USDCAD Daily Analysis – June 9, 2020
USDCAD extended its downside movement from 1.4048 to as low as 1.3356. 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...
Month: June 2020
USDJPY Daily Analysis – June 9, 2020
USDJPY remains in the uptrend from 105.98, as long as the price is above the rising trend line on the 4-hour chart, the pullback from 109.84 could be treated as consolidation for the uptrend, and another rise...
AUDUSD Daily Analysis – June 9, 2020
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.6401. As long as the trend line support holds, the upside movement could be expected to continue and next target...
GBPUSD Daily Analysis – June 9, 2020
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2073. As long as the channel support holds, the upside movement could be expected to continue and next target would...
EURUSD Daily Analysis – June 9, 2020
EURUSD broke below the rising trend line on the 4-hour chart, suggesting that lengthier consolidation for the uptrend from 1.0766 is underway. Range trading between 1.1140 and 1.1383 would likely be seen in the coming days.
$GBPCHF FX Pair Swings & Long Term Cycles
$GBPCHF FX Pair Swings & Long Term Cycles Firstly as seen on the monthly chart below there is data back to the early 1970’s readily available in the pair. It obviously had a central bank intervention during...
EURCAD Forecasting The Decline After Elliott Wave Zig Zag
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURCAD. As our members know, recently the pair gave us 3 waves bounce against the 1.53878 peak....
USDCAD Daily Analysis – June 8, 2020
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4048. Further decline would likely be seen after a minor consolidation and next target would be at 1.3300 area. Near...
USDJPY Daily Analysis – June 8, 2020
USDJPY’s upside movement from 107.07 extended to as high as 109.84. Further rise would likely be seen after a minor consolidation and next target would be at 110.50 area. Near term support is at 108.60, a breakdown...
AUDUSD Daily Analysis – June 8, 2020
AUDUSD extended its upside movement from 0.6401 to as high as 0.7012. Further rise would likely be seen and next target would be at 0.7100 area. Support is at 0.6856, a breakdown below this level could bring...