Tag: forex
GBPUSD – correction may be completed, time for a new minimum
In last week's analysis, I pointed out that the rebound took the form of flag which suggests that in the near future falls will...
EURJPY – support is under pressure of bears
For a week EURJPY has moved in a steep downward channel, which was broke above yesterday. Rebound has not reached to the Fibonnacci level...
AUDNZD – a trend reversal or just a corrective rebound?
Since 4 months AUDNZD moves in a consolidation between 1.0900 and 1.1430. On August 24 there was a dynamic upward movement. Within a 30...
EURGBP breakout of the triangle with a range of 0.7060 decline
For a month EURGBP moves in a shape of downward triangle. This formation promises falls and it is in line with long-term downward trend....
USDCAD – false break of consolidation lower limit
An interesting situation in the USDCAD. For a month price moved in the consolidation between resistance 1.3320 and support 1.3130. Last Friday there was...
EURUSD rebound from the resistance, target of falls 1.1090
Last Thursday EURUSD has reached to 1.1460 and that level cause rebound. The first support, which could stop the descent was the level of...
USDJPY waiting for the triangle breakout
Since one month USDJPY moves in the triangle formation. Its range of movement is clearly slowing down. Therefore, the breakout of the triangle in...
EURAUD – breakout from the consolidation will indicate the direction of movement
Since last week EURAUD can't go away from the level of 1.5770. The downward movement stops at support 1.5660, and move up stops at...
NZDUSD – Bulls on the offensive, the target of upward movement is 0.6700
Thursday's Fed meeting turned out to be very negative for the dollar bulls. At NZDUSD shortly after the FED's decision followed attempt of break...
GBPCAD – the bulls are not giving up
Since beginning of August GBPCAD move up 500 pips from the bottom and it is moving in the upward channel. On Thursday upward movement...
