EURUSD Daily Analysis – July 14, 2020

by ForexCycle.com | July 14, 2020 12:19 am
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...

USDCAD Daily Analysis – July 13, 2020

by ForexCycle.com | July 12, 2020 10:30 pm
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

by ForexCycle.com | July 12, 2020 10:30 pm
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...

AUDUSD Daily Analysis – July 13, 2020

by ForexCycle.com | July 12, 2020 10:29 pm
AUDUSD moved sideways in a trading range between 0.6921 and 0.7000. As long as 0.6921 support holds, the sideways movement could be treated as consolidation for the uptrend from 0.6832 and further rise to 0.7500 area is...

GBPUSD Daily Analysis – July 13, 2020

by ForexCycle.com | July 12, 2020 10:28 pm
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2251. As long as the channel support holds, the upside movement could be expected to continue and next target would...

EURUSD Daily Analysis – July 13, 2020

by ForexCycle.com | July 12, 2020 10:28 pm
EURUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.1184. As long as the channel support holds, the pullback from 1.1370 could be treated as consolidation for the uptrend...

Seeking Certainty in Uncertain Times? Draw a Trendline — Learn How

by ForexCycle.com | July 8, 2020 10:09 pm
By Elliott Wave International Elliott Wave International’s online trading course teaches traders how to identify, draw, and use trendlines to seize high-confidence set-ups in any market, on any time frame — Now FREE through July 14! Today,...

Stock Market: “Relevant Waves Vs. Irrelevant News”

by ForexCycle.com | July 8, 2020 6:19 am
By Elliott Wave International The stock market is a fractal — i.e., a self-repeating form at all degrees of trend. Meaning, without the time or price labels, you can’t tell if you’re looking at a 2-minute chart...