GBPUSD Daily Analysis – July 12, 2018

by ForexCycle.com | July 12, 2018 3:42 am
GBPUSD remains in the downtrend from 1.3362. Deeper decline would likely be seen in the coming days and next target would be at 1.3000 area. Resistance levels are at 1.3280 and 1.3362, only break above these levels...

EURUSD Daily Analysis – July 12, 2018

by ForexCycle.com | July 12, 2018 3:41 am
EURUSD broke below the bullish price channel on the 4-hour chart, suggesting that the upside movement from 1.1527 had completed at 1.1790 already. Deeper decline could be expected in the coming days and next target would be...

OIL Elliott Wave View: Providing Buying Opportunity Soon

by elliottwave-forecast.com | July 11, 2018 10:01 am
OIL short-term Elliott Wave view suggests that the pullback to $63.39 on 6/18/2018 low ended primary wave ((4)). Up from there, the instrument rallied strongly to the upside and went on to make new high for the year. A rally...

USDCAD Daily Analysis – July 11, 2018

by ForexCycle.com | July 11, 2018 2:33 am
USDCAD broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 1.3385 had completed at 1.3065 already. Further rally is still possible in the coming days and next target would be...

USDJPY Daily Analysis – July 11, 2018

by ForexCycle.com | July 11, 2018 2:33 am
USDJPY remains in the uptrend from 109.36, the fall from 111.35 is likely consolidation for the uptrend. Another rise could be expected after the consolidation and next target would be at 111.50 area. The key support is...

AUDUSD Daily Analysis – July 11, 2018

by ForexCycle.com | July 11, 2018 2:32 am
AUDUSD broke below 0.7420 support, suggesting that the upside movement from 0.7310 had completed at 0.7483 already. Further decline would likely be seen in a couple of days and next target would be at 0.7300 area. Resistance...

GBPUSD Daily Analysis – July 11, 2018

by ForexCycle.com | July 11, 2018 2:32 am
GBPUSD is now in downtrend from 1.3362. Further decline could be expected after a minor consolidation and next target would be at 1.3000 area. Resistance is at 1.3362, only a breakout of this level could trigger another...

EURUSD Daily Analysis – July 11, 2018

by ForexCycle.com | July 11, 2018 2:31 am
EURUSD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 1.1527. As long as the price is in the channel, the fall from 1.1790 could be treated as consolidation for...

EURJPY Elliott Wave Analysis: Pullback can Provide Buying Opportunity

by elliottwave-forecast.com | July 10, 2018 2:57 pm
EURJPY short-term Elliott wave analysis suggests that the decline to $126.63 on 6/19 low ended intermediate wave (2) pullback. Up from there, intermediate wave (3) remains in progress as Elliott wave impulse. The internals of Minor wave 1 is unfolding...

USDCAD Daily Analysis – July 10, 2018

by ForexCycle.com | July 10, 2018 2:48 am
USDCAD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.3385. As long as the price is below the trend line, the bounce from 1.3065 could be treated as consolidation...