Monthly timeframe:
Outlook brought forward from previous analysis –
Despite a healthy attempt at recovery from demand at 1.0488/1.0912 in October 2019 – a particularly noteworthy area given the momentum derived from its base – EUR/USD failed to sustain gains, and had the unit retesting its upper boundary last week. Price, however, as you can see, has begun to...
AUD/USD:
Monthly timeframe:
Outlook brought forward from previous analysis –
Demand at 0.6358/0.6839 remains in the fight, yet struggling to chalk up anything meaningful to the upside. An eventual break of the said demand zone has another layer of demand close by at 0.6094/0.5866, while a recovery could lead to trend line support-turned resistance (0.4776)...
USD/JPY:
Monthly timeframe:
Brought forward from previous analysis –
Since kicking off 2017, USD/JPY has been busy carving out a descending triangle pattern. The breakout for this configuration is common to the downside, but an upward breakout is considered more reliable and profitable.
Outside of the current pattern, a supply area is visible at...
Monthly timeframe:
Partially altered outlook from previous analysis –
Despite a healthy attempt at recovery from demand at 1.0488/1.0912 in October 2019 – a particularly noteworthy area given the momentum derived from its base – EUR/USD failed to sustain gains, and had the unit retesting its upper boundary last week, with price beginning to tunnel through its...
Monthly timeframe:
Brought forward from previous analysis –
Despite a healthy attempt at recovery from demand at 1.0488/1.0912 in October 2019 – a particularly noteworthy area given the momentum derived from its base – EUR/USD failed to sustain gains, and had the unit retesting its upper boundary last week.
Although down 2.30% on the month and in-line with the...
AUD/USD:
Monthly timeframe:
Brought forward from previous analysis:
Following a retest at the underside of a resistance area drawn from 0.8409/0.8082 in early 2018, AUD/USD has been grinding lower, down nearly 1500 points since.
June 2018 witnessed a long-standing trend line support (1.4776) give way, followed by the 0.6827 January 2016 low in August 2019....
EUR/USD:
Monthly timeframe:
Brought forward from previous analysis:
Long term, EUR/USD’s primary trend has faced a southerly trajectory since topping in mid-July 2008, at 1.6038. Activity on the monthly chart remains languishing south of a resistance area at 1.2048/1.1653 as well as a trendline resistance (1.6038).
Downside risk remains on this timeframe...
GBP/USD:
Monthly timeframe:
Brought forward from previous analysis:
Early February 2018 saw the pair reject 1.4520/1.3893, a 50.0% retracement and 38.2% Fibonacci retracement combination (red).
In recent months, though, the market witnessed longer-term flows retest the underside of a resistance area at 1.3699/1.3503. continued selling is a possibility on this...
USD/JPY:
Monthly timeframe:
Brought forward from previous analysis:
Since kicking off 2017, USD/JPY has been busy carving out a descending triangle pattern. The breakout for this pattern is common to the downside, but an upward breakout is considered more reliable and profitable.
Outside of the current configuration, a resistance area is visible at...
EUR/USD:
Monthly timeframe:
Brought forward from previous analysis:
Long term, EUR/USD’s primary trend has faced a southerly trajectory since topping in mid-July 2008, at 1.6038. Activity on the monthly chart remains languishing south of a resistance area at 1.2048/1.1653 as well as a trendline resistance (1.6038).
Downside risk remains on this timeframe...
Since kicking off 2017, USD/JPY has been bust carving out a descending triangle pattern. The breakout for this pattern is more common to the downside, but an upward breakout is considered more reliable and profitable.
Outside of the current configuration, a resistance area is visible at 121.36/124.23, while lower on the curve we have a support area at 98.83/101.42.
Monthly timeframe:
Brought forward from previous analysis:
Long term, EUR/USD’s primary trend has faced a southerly trajectory since topping in mid-July 2008, at 1.6038. Activity on the monthly chart remains languishing south of a resistance area at 1.2048/1.1653 as well as a trendline resistance (1.6038).
Downside risk remains on this timeframe until...
EUR/USD:
Monthly timeframe:
Long term, EUR/USD’s primary trend has faced a southerly trajectory since topping in mid-July 2008, at 1.6038. Activity on the monthly chart remains languishing south of a resistance area at 1.2048/1.1653 and a trendline resistance (1.6038).
Downside risk remains on this timeframe until reaching a support area marked at...
