USDCAD Daily Analysis – October 13, 2017

by ForexCycle.com | October 13, 2017 2:55 am
USDCAD broke below the bullish price channel on the 4-hour chart and is now in downtrend from 1.2598. Further decline would likely be seen in the coming days and next target would be at 1.2300, followed by...

USDJPY Daily Analysis – October 13, 2017

by ForexCycle.com | October 13, 2017 2:54 am
USDJPY broke below 112.21 support and is now in consolidation of the uptrend from 107.31. Range trading between 111.47 and 113.43 would likely be seen in a couple of days. Key support is located at 111.47. As...

AUDUSD Daily Analysis – October 13, 2017

by ForexCycle.com | October 13, 2017 2:53 am
AUDUSD’s bounce from 0.7732 extended to as high as 0.7838. Further rally to test 0.7875 resistance is still possible, above this level would confirm that the downtrend from 0.8124 had completed at 0.7732 already, then the following...

GBPUSD Daily Analysis – October 13, 2017

by ForexCycle.com | October 13, 2017 2:51 am
GBPUSD is facing 1.3291 resistance. A break of this level could bring price to next resistance level at 1.3455. However, the bounce from 1.3027 is likely correction of the downtrend from 1.3657, as long as 1.3455 resistance...

EURUSD Daily Analysis – October 13, 2017

by ForexCycle.com | October 13, 2017 2:50 am
EURUSD is in short term uptrend from 1.1669. As long as the price is above 1.1780 support, the upside movement could be expected to continue and next target would be at 1.1900, followed by 1.2029. On the...

DJ Commodity Index is supporting Higher GOLD

by elliottwave-forecast.com | October 12, 2017 11:34 am
The Dow Jones Commodity Index is a broad measure of the commodity futures market that emphasizes diversification and liquidity through a equal-weighted approach. It doesn’t allow any sector to make up more than 33% of its portfolio...

World Stock Index has much more upside

by elliottwave-forecast.com | October 12, 2017 11:20 am
The Hang Seng Stock Index is a free float, adjusted market capitalization, weighted stock Market Index in Hong Kong.  The Index records and monitors daily changes of the largest companies of the Hong Kong Stock Market. It is the...

AUDUSD Support Turned Resistance (Oct 12, 2017)

by Kate Curtis | October 12, 2017 5:40 am
AUDUSD recently fell through support at the .7800 level then dipped to .7750 before pulling back up. Applying the Fibonacci retracement tool on the latest swing high and low on the 4-hour time frame shows that the...

USDCAD Daily Analysis – October 12, 2017

by ForexCycle.com | October 12, 2017 1:55 am
USDCAD broke below 1.2448 key support, indicating that the uptrend from 1.2601 had completed at 1.2598 already. Further decline could be expected and next target would be at 1.2300, followed by 1.2061. Near term resistance is at...

USDJPY Daily Analysis – October 12, 2017

by ForexCycle.com | October 12, 2017 1:54 am
USDJPY is in consolidation of the uptrend from 107.31. Range trading between 111.47 and 113.43 would likely be seen in the coming days. As long as 111.47 support holds, the uptrend could be expected to resume, and...