Blog Posts - Market Analysis



USDCHF Daily Forecast: December 14

USDCHF Forecast The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Immediate support is seen around 1.0100. A clear break below that area could trigger further bearish pressure testing 1.0050/00 area. Immediate resistance is se...

USDJPY Daily Forecast: December 14

USDJPY Forecast The USDJPY was indecisive yesterday. The bias remains neutral in nearest term. Immediate support is seen around 114.75 area which is a good place to buy with a tight stop loss as a clear break below that area would expose 113.85, but...

GBPUSD Daily Forecast: December 14

GBPUSD Forecast The GBPUSD was indecisive yesterday. Price attempted to push higher topped at 1.2728 but closed lower at 1.2657 and hit 1.2640 earlier today in Asian session. The bias is neutral in nearest term, probably with a little bearish bias te...

EURUSD Daily Forecast: December 14

EURUSD Forecast     The EURUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 1.0690 area. A clear break and daily close above that area would expose 1.0850 region. Immediate support is se...

GBP/USD – Up trend in 4 hours chart

Trend is bullish in GBP/USD currency pair, 4 hour time frame. As I have suggested past week during my daily Live trading room session, market is rising up on a short term basis to complete Bullish Double Zig Zag Elliott Wave pattern and traders shoul...

USDCHF Daily Forecast: December 13

USDCHF Forecast The USDCHF had a bearish momentum yesterday bottomed at 1.0124. The bias is bearish in nearest term testing 1.0100. A clear break and daily close below that area could trigger further bearish pressure testing 1.0050/00 region. Immedia...

USDJPY Daily Forecast: December 13

USDJPY Forecast The USDJPY attempted to push higher yesterday topped at 116.12 but closed lower at 115.01 and hit 114.73 earlier today. The bias is neutral in nearest term probably with a little bearish bias. As you can see on my H1 chart below, pric...

GBPUSD Daily Forecast: December 13

GBPUSD Forecast The GBPUSD had a bullish momentum yesterday topped at 1.2699. As you can see on my H1 chart below price broke above the minor bearish channel suggests a potential bullish view. The bias is bullish in nearest term testing 1.2775. Immed...

EURUSD Daily Forecast: December 13

EURUSD Forecast     The EURUSD had a bullish momentum yesterday topped at 1.0651. The bias is bullish in nearest term testing 1.0690. A clear break and daily close above that area would expose 1.0850 region. Immediate support is seen around 1.0600...

AUDUSD 60 Minute Chart Analysis

Hello traders and welcome, as we look at the AUDUSD today. Before we get started remember this week the Fed will be announcing the .25bps in interest rates so my view on this as the market priced this in we will see some dollar weakness. OK the pair...

EURUSD 30 Minute Chart Analysis

Hello traders and good to be with you on this Monday. Traders as we do every Monday we will look at the EURUSD 30 minute chart. As we look at this chart we can see this pair remains bias bearish. I looked at this chart and realized this great trendin...

USDCHF Daily Forecast: December 12

USDCHF Forecast The USDCHF attempted to push lower last week bottomed at 1.0018 but whipsawed to the upside and closed at 1.0172. The bias is bullish in nearest term especially if price able to make a clear break above 1.0200 testing 1.0325 region. I...

USDJPY Daily Forecast: December 12

USDJPY Forecast The USDJPY continued its bullish momentum last week topped at 115.36 and hit 115.61 earlier today in Asian session. The bias is bullish in nearest term testing 116.00/30 area. Immediate support is seen around 114.75. A clear break bel...

GBPUSD Daily Forecast: December 12

GBPUSD Forecast The GBPUSD attempted to push higher last week topped at 1.2774 but closed lower at 1.2572. The bias is neutral in nearest term probably with a little bearish bias testing 1.2500 region. Immediate resistance is seen around 1.2620/50. A...

EURUSD Daily Forecast: December 12

EURUSD Forecast     The EURUSD attempted to push higher last week topped at 1.0873 but whipsawed to the downside and closed lower at 1.0557 after ECB tapers stimulus program to a €60bn a month. The bias is bearish in nearest term testing 1.0500...

USDCHF Daily Forecast: December 09

USDCHF Forecast The USDCHF had a bullish momentum yesterday topped at 1.0177 after ECB tapers stimulus program to a €60bn a month. The bias is bullish in nearest term retesting 1.0200 key resistance. A clear break and daily/weekly close above that...

USDJPY Daily Forecast: December 09

USDJPY Forecast The USDJPY had another indecisive movement yesterday but overall still able to maintain its bullish bias. The bias remains neutral in nearest term. Immediate resistance is seen around 114.75. A clear break and daily/weekly close above...

GBPUSD Daily Forecast: December 09

GBPUSD Forecast The GBPUSD attempted to push higher yesterday topped at 1.2704 but whipsawed to the downside and closed lower at 1.2584. The bias is bearish in nearest term testing 1.2525 region. Immediate resistance is seen around 1.2630 followed by...

EURUSD Daily Forecast: December 09

EURUSD Forecast     The EURUSD attempted to push higher yesterday after broke above the flag formation as you can see on my H1 chart below, slipped above 1.0850 but whipsawed to the downside after ECB tapers stimulus program to a €60bn a month,...

Up trend in USD/JPY 15 Minutes chart

Trend is bullish in USD/JPY currency pair in fifteen minutes time frame. Short term support is present at 113.69 price level. Based on Elliott wave anlaysis, I expect price to rise up more towards 114.45 price level in coming trading hours. A good id...


Trending Topics

Close