GBPUSD Weekly Analysis – December 9, 2018

by ForexCycle.com | December 9, 2018 12:27 am
GBPUSD is testing 1.2661 support, below this level would indicate that the downside movement from 1.4376 has resumed, then further decline towards 1.2300 could be seen. Near term resistance is at 1.2940, a break of this level...

EURUSD Weekly Analysis – December 9, 2018

by ForexCycle.com | December 9, 2018 12:26 am
EURUSD stayed in a trading range between 1.1215 and 1.1500 for several weeks. The price action in the range is likely consolidation for the downtrend from 1.1815. As long as 1.1500 resistance holds, the downtrend could be...

New free resource: “4 Commodities Ripe for Opportunity — NOW”

by ForexCycle.com | December 7, 2018 3:22 am
Trading commodities is tough business: It’s hard enough to spot a good setup, harder still to time pulling the trigger. Our friends at Elliott Wave International understand this reality — so, they’ve put together a free resource...

USDCAD Daily Analysis – December 7, 2018

by ForexCycle.com | December 7, 2018 2:28 am
USDCAD extended its upside movement from 1.3159 to as high as 1.3444. Support is at 1.3330, as long as this level holds, the upside movement could be expected to continue and next target would be at 1.3500...

USDJPY Daily Analysis – December 7, 2018

by ForexCycle.com | December 7, 2018 2:27 am
USDJPY extended its downside movement from 114.03 to as low as 112.23. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next...

AUDUSD Daily Analysis – December 7, 2018

by ForexCycle.com | December 7, 2018 2:27 am
AUDUSD’s downside movement from 0.7393 extended to as low as 0.7191. Resistance is at 0.7270, as long as this level holds, the down trend could be expected to continue and next target would be at 0.7150 area....

GBPUSD Daily Analysis – December 7, 2018

by ForexCycle.com | December 7, 2018 2:26 am
GBPUSD is facing the resistance of the price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.2658 could be treated as consolidation of the downtrend from 1.3174, and further decline...

EURUSD Daily Analysis – December 7, 2018

by ForexCycle.com | December 7, 2018 2:26 am
EURUSD moved sideways in a triangle pattern on its 4-hour chart. A breakout of the upper line of the pattern could take the price to 1.1600 area. On the downside, a breakdown below the bottom support line...

Palladium Elliott Wave Analysis: Forecasting And Buying The Rally

by elliottwave-forecast.com | December 6, 2018 8:28 pm
In this blog, I want to share some short-term Elliott Wave charts of Palladium which we presented to our members in the past. Below, you see the 1-hour updated chart presented to our clients on the 11/30/18 indicating that...

Elliott Wave View Supporting Further Strength in USDCAD

by elliottwave-forecast.com | December 6, 2018 8:21 pm
USDCAD has broken above 11/29/2018 high (1.336) as well as above 6/27/2018 high (1.3386) creating incomplete bullish sequence. Short term Elliott Wave view suggests the rally to 1.336 on 11/29 ended Intermediate wave (W) and the pullback...