USDCAD There were lost of volatility in the US dollar against the Canadian dollar in this week trading session as it depicts in the one - hour price chart. The latest uptrend started at the bottom of the triangle and finished around 1.29915 resistance. The USD is currently trading at 1.28570 just above 1.28534 support and could go either way at this price...
The Aussie dollar is looking exhausted against the US dollar after a short move to the upside in yesterday's session. The Aussie dollar is currently struggling to hold its trading activities above 0.75556 support in the two-hour price chart and could head down to 0.75311 and 0.75172 if it fails to hold above 0.75556.
BTC/USD BTC prices have reached a significant price point trading at 7589.60 around 7593.40 resistance in the two-hour price chart. BTC Prices might find temporary support at this price level if prices can hold above the current trend line in red and 7593.40 resistance. BTC prices fell through two resistance price points in yesterday's session after a few failed...
The Index is currently looking to bounce at the bottom of the price channel in the one hour price chart. The index price came down after reaching the top of the price channel in yesterday's trading session and finished the session at 72.45 just below 72.53 resistance. Today's session started with the index price moved up towards the top of the price channel but...
USD/JPY The US dollar has given up all its gains against the JPY from the last short rally from around 111.367 highs to the current price level at 110.470. The USD retreated after a brief rally from 110.626 to 111.367 tops in three days. The dollar traded down from its latest highs and crashed through the neckline of the head and shoulder price pattern which is...
AUDUSD The Aussie dollar started the week with a strong rally against the US dollar after bouncing at 0.75172 support and breaking out above 0.75311. The rally came to an end after reaching 0.76018 resistance and numerous failed attempts to break through, eventually, the Aussie dollar gave up and came crashing through the support trend line and all the way down to...
Keep a close watch on the price activities around this price level for an opportunity to go long if prices find support at the support price level or the trend line. LTC prices are currently trading around a critical support price level at 126.70 just below 127.40 support now turn resistance. LTC seems to be going through some selling pressure against the US...
The short burst of the ripple currency against the US dollar came to an end after reaching 0.70847 resistance. XRP was trending along the price curve in the 2-hour chart since it bounced at 0.65094 support around 18th of May 2018 but ended at 0.70847 resistance and came crashing down through the price curve and headed down to 0.65094 support without any...
Crude oil prices have reached its 2 months high and have breached 72.31, a critical resistance price point in today's trading session. Prices were fluctuating between 70.84 and 72.31 for a week but the situation changes today and prices started to move back up after remarks from the U.S. secretary of state Pompeo regarding the geopolitical concerns over Iran and...
A great run from this major European Index achieving almost 11% gain in two months. The breakthrough occurred around 5th of April when the Index broke out of a downward price channel in the two-hour price chart and began its upward trend. The past data including the beginning of this current trend to date has created a wedge price pattern in the two-hour price...
BTC/USD The Cryptocurrency had a short burst to the upside against the US dollar after bouncing at 8123.10 support on 18th of May 2018. The short uptrend had difficulties breaking through its 500 EMA and eventually gave up after two fail attempts in the two-hour price chart. BTC retreated to around 84557.70 support but failed again to hold its trading activities...
AUDUSD The Australian dollar is picking up momentum and volume after the US dollar pullback from its six-month rally and also could be influenced by the comments made by US Treasury officials that trade war between the US and China is on hold. The current trading activities have reached the lows of Dec 2017 a significant price point which was the beginning of a...
USDJPY The dollar is currently retreating to 110.718 after reaching six months high and most likely impacted by strong commodity-linked currencies after the US Treasury officials announced on Monday 22/5/2018 to eased its trade war with the Chinese government There are two critical price points that I would like to point out for future references. 1. If the...
EURUSD The Euro has finally started to show signs of recovery from a significant pullback after falling below its 500 EMA and the top price channel on 23rd of April 2018. The Euro fell below the bottom of the lower price channel but managed to bounce at 1.17721 support on Monday 21/5/2018 a critical price point which is in line and also parallel to Dec 2017...
This an update of my original post on 18th of May 2018. LTCUSD - prices have reached my estimated short-term price projection at 138.47 but finding some stiff resistance at 140.573. Prices will need to break and hold above 140.573 before proceeding to the next target at around 143.236
USDCHF could be due for a pullback after a nice run from 0.92000 and look a bit exhausted at the current price level. A short opportunity could be around the corner if prices fall below the support trend line marked in red. Prices might continue to the upside if it breaks and holds above the current high at around 1.004
USDJPY This is an update of my original post on 29th of April 2018. Prices have breached Its 500 EMA and the resistance trend line label in red. It is now approaching 111.877 resistance and also another critical resistance trend line just above the current price. A break above these two critical points might clear the path to the next two targets/resistance at...
Share prices closed the last trading session at 0.030, a critical resistance point which was tested many times in the past. Breaking through this resistance price point could clear the path to the upside with a target price between 0.032 and 0.036. Failure could see price pullback to 0.026 support