EURGBP Forecasting The Rally After Zig-Zag Pullback
In this blog, we are going to take a look at the Elliott Wave chart of EURGBP. The 1 hour NY Midday chart update from July 6 shows that the pair has ended the cycle from April...
Month: July 2020
USDCAD Daily Analysis – July 14, 2020
USDCAD is now in the uptrend from 1.3490. Further rally would likely be seen and next target would be at 1.3800 area. Key support is at 1.3485, a breakdown below this level could trigger another downside movement...
USDJPY Daily Analysis – July 14, 2020
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 106.64 could be treated as consolidation for the downtrend from 108.16, further...
AUDUSD Daily Analysis – July 14, 2020
AUDUSD continued its sideways movement in a trading range between 0.6921 and 0.7000. The price action in the range is likely consolidation for the uptrend from 0.6832, and further rise to 0.7050 area is possible after the...
GBPUSD Daily Analysis – July 14, 2020
GBPUSD broke below the bottom of the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.2251 had completed at 1.2669 already. Further decline would likely be seen and next target would be...
EURUSD Daily Analysis – July 14, 2020
EURUSD extended its upside movement from 1.1184 to as high as 1.1375. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next...
Microsoft ($MSFT ) Forecasting The Rally After Elliott Wave Zig Zag
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Microsoft Stock ($MSFT). As our members know, MSFT has been showing bullish impulsive sequences within the cycle...
Pound Sterling Gains from Positive Brexit Headlines
British Pound Sterling gained last week against major currencies as positive headlines on Brexit negotiations start to trickle. The chart below shows the gain of Pound Sterling against some major currencies: One of the positive developments came...
USDCAD Daily Analysis – July 13, 2020
USDCAD broke above 1.3623 resistance, suggesting that the downside movement from 1.3715 had completed at 1.3490 already. Further rally would likely be seen and next target would be at 1.3800 area. Key support is at 1.3485, a...
USDJPY Daily Analysis – July 13, 2020
USDJPY remains in the downtrend from 108.16. 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 target would be at 106.00...