GBPUSD Daily Analysis – December 4, 2018

by ForexCycle.com | December 4, 2018 3:09 am
GBPUSD extended its downside movement from 1.3174 to as low as 1.2698, facing the 1.2695 support, below this level could trigger further downside movement towards 1.2500. Resistance is located at the bearish trend line on the 4-hour...

EURUSD Daily Analysis – December 4, 2018

by ForexCycle.com | December 4, 2018 3:09 am
EURUSD is forming a triangle pattern on the 4-hour chart. Another rise towards the upper trend line of the pattern is possible in a couple of days, a breakout of the this trend line could take the...

Micron Technology (MU) – Reversal Around the Corner

by elliottwave-forecast.com | December 3, 2018 10:32 am
In the recent 2 years, Micron Technology (NASDAQ: MU) Investors were in the sky as the stock gained +500% in value since 2016 lows. The global corporation is one of largest semiconductor producer in USA behind giants like Intel &...

Nvidia (NASDAQ:NVDA) – New Buying Opportunity in the Horizon?

by elliottwave-forecast.com | December 3, 2018 10:31 am
Nvidia Corporation (NASDAQ:NVDA) has grown to become a leader in manufacturing graphic processing units (GPU) for computer and gaming devices as well as Artificial Intelligence (AI). In the recent 2 years, the American company benefited the most from the growth...

USDCAD Daily Analysis – December 3, 2018

by ForexCycle.com | December 3, 2018 1:27 am
USDCAD is facing the support of the bullish price channel on the 4-hour chart. As long as the channel support holds, the pullback from 1.3359 could be treated as consolidation for the uptrend from 1.2782 (Oct 1...

USDJPY Daily Analysis – December 3, 2018

by ForexCycle.com | December 3, 2018 1:26 am
USDJPY is in the downtrend from 114.03, the bounce from 113.19 is likely correction for the downtrend. Further decline would likely be seen after the correction and a breakdown below 113.19 support could trigger another fall towards...

AUDUSD Daily Analysis – December 3, 2018

by ForexCycle.com | December 3, 2018 1:25 am
AUDUSD’s upside movement from 0.7199 extended to as high as 0.7380. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target...

GBPUSD Daily Analysis – December 3, 2018

by ForexCycle.com | December 3, 2018 1:25 am
GBPUSD is facing 1.2725 support, a breakdown below this level would indicate that the downside movement from 1.3174 has resumed, then further decline towards 1.2500 could be seen. Near term resistance is located at the falling trend...

EURUSD Daily Analysis – December 3, 2018

by ForexCycle.com | December 3, 2018 1:24 am
EURUSD broke below 1.1340 support, suggesting that the rise from 1.1267 had completed at 1.1401 already. The pair is now in downtrend, further decline could be expected and next target would be at 1.1250 area. Resistance is...

USDCAD Weekly Analysis – December 1, 2018

by ForexCycle.com | December 1, 2018 4:37 am
USDCAD stays above a bullish trend line on the daily chart and remains in the uptrend from 1.2782. As long as the trend line support holds, the upside movement could be expected to continue and next target...