USDCAD Daily Analysis – May 11, 2017

by ForexCycle.com | May 11, 2017 12:37 am
No changed in our view, USDCAD remains in downtrend from 1.3793, the rise from 1.3641 would possibly be consolidation of the downtrend. Another fall could be expected after the consolidation and next target would be at 1.3550...

USDJPY Daily Analysis – May 11, 2017

by ForexCycle.com | May 11, 2017 12:36 am
USDJPY’s bullish movement from 108.13 extended to as high as 114.36. Support is now located at the ascending trend line on 4-hour chart. As long as the pair is above the trend line, the uptrend could be...

AUDUSD Daily Analysis – May 11, 2017

by ForexCycle.com | May 11, 2017 12:35 am
AUDUSD remains in downtrend from 0.7610, the rise from 0.7328 is likely consolidation of the downtrend. Near term resistance is at 0.7416, as long as this level holds, the downtrend could be expected to continue, and next...

GBPUSD Daily Analysis – May 11, 2017

by ForexCycle.com | May 11, 2017 12:35 am
GBPUSD remains in uptrend from 1.2365, the fall from 1.2988 is likely consolidation of the uptrend. Near term support is at the bottom of the rising price channel on 4-hour chart. As long as the pair is...

EURUSD Daily Analysis – May 11, 2017

by ForexCycle.com | May 11, 2017 12:33 am
EURUSD’s downward movement from 1.1021 extended to as low as 1.0853. Near term resistance is at 1.0900, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0750...

Paypal Elliott Wave Technical Structure

by elliottwave-forecast.com | May 10, 2017 12:01 pm
Paypal (NASDAQ: PYPL) is a worldwide online payments company founded 18 years ago. It had its first IPO in 2002 , but in this article we will only be looking at the technical picture for PYPL since its second...

SPX Elliott Wave View: Mature Cycle

by elliottwave-forecast.com | May 10, 2017 11:23 am
Short Term Elliott Wave view in SPX suggests the rally from 3/27 low (2322.2) is unfolding as a leading diagonal Elliott Wave structure where Minute wave ((i)) ended at 2378.36, Minute wave ((ii)) ended at 2328.95, Minute wave ((iii)) ended at 2398.16, and Minute wave...

USD/JPY Forecast May 10, 2017, Technical Analysis

by FX Empire | May 10, 2017 6:25 am
The USD/JPY pair has been explosive during the day on Tuesday, as we have breached the 114 handle. The market will eventually go towards the 115 level above, which of course was the top of the recent...

USD/CAD Forecast May 10, 2017, Technical Analysis

by FX Empire | May 10, 2017 6:24 am
The USD/CAD pair initially was very flat on Tuesday, testing the 1.37 level for resistance. The oil markets were relatively quiet, but then turned around to start falling again. On top of that, Canadian Building Permits caused...

GBP/USD Forecast May 10, 2017, Technical Analysis

by FX Empire | May 10, 2017 6:22 am
GBP/USD daily chart, May 10, 2017 GBP/USD Forecast May 10, 2017, Technical Analysis 11 hours agoByChristopher Lewis Daily GBP/USD Technical Video The British pound initially tried to rally during the day on Tuesday, but found the 1.2950...