EURUSD Daily Analysis – September 21, 2018

by ForexCycle.com | September 21, 2018 1:59 am
EURUSD broke above 1.1733 resistance and extended its upside movement from 1.1526 to as high as 1.1784. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be...

Here’s Why “Strong Jobs” Don’t Mean “Higher Stocks”

by ForexCycle.com | September 20, 2018 7:45 am
By Elliott Wave International It’s a wonderful thing when jobs are added to the U.S. economy. But, as far as investing goes, history shows that you should not bet your stock market portfolio on it. Conversely, even...

USDCAD Daily Analysis – September 20, 2018

by ForexCycle.com | September 20, 2018 3:41 am
USDCAD extended its downside movement from 1.3226 to as low as 1.2899, facing 1.2887 support. Further decline would likely be seen and next target would be at 1.2800 area. Resistance is at 1.2970, as long as this...

USDJPY Daily Analysis – September 20, 2018

by ForexCycle.com | September 20, 2018 3:41 am
USDJPY is facing the support of the price channel on the 4-hour chart. A breakdown below the channel support could bring the price back to next support level at 111.66, below here would aim 111.00 area. However,...

AUDUSD Daily Analysis – September 20, 2018

by ForexCycle.com | September 20, 2018 3:40 am
AUDUSD broke above 0.7235 resistance and extended its upside movement to as high as 0.7244. Further rise is still possible and next target would be at 0.7350 area. Near term support is at 0.7230, only a breakdown...

GBPUSD Daily Analysis – September 20, 2018

by ForexCycle.com | September 20, 2018 3:40 am
GBPUSD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.2785. As long as the price is in the channel, the upside movement could be expected to continue and next...

EURUSD Daily Analysis – September 20, 2018

by ForexCycle.com | September 20, 2018 3:39 am
EURUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.1526. As long as the trend line support holds, the upside movement could be expected to continue and a breakout...

USDCAD Daily Analysis – September 19, 2018

by ForexCycle.com | September 19, 2018 2:00 am
USDCAD broke below 1.2975 support, suggesting that the downside movement from 1.3226 has resumed. Further decline could be expected in the coming days and next target would be at 1.2887 support. Resistance levels are at 1.3000 and...

USDJPY Daily Analysis – September 19, 2018

by ForexCycle.com | September 19, 2018 1:59 am
USDJPY extended its upside movement from 110.38 to as high as 112.39. 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...

AUDUSD Daily Analysis – September 19, 2018

by ForexCycle.com | September 19, 2018 1:59 am
AUDUSD is facing 0.7235 resistance once again, a breakout of this level could trigger further upside movement towards 0.7300. Near term support is at 0.7190, a breakdown below this level could bring the price back towards 0.7141...