Palladium Reaches 100% Fibonacci Extension Since 1996 Low

by elliottwave-forecast.com | January 9, 2019 8:59 pm
Palladium reached a high of $1249.40 today, it is already up 53% since August 2018 but has now reached 100% Fibonacci extension from the all time low. It has also reached 100% Fibonacci extension up from 2003...

USDCAD Daily Analysis – January 9, 2019

by ForexCycle.com | January 9, 2019 1:46 am
USDCAD’s downside movement from 1.3664 extended to as low as 1.3241. Further decline is still possible and next target would be at 1.3200 area. Resistance is at 1.3330, above this level could bring the price back to...

USDJPY Daily Analysis – January 9, 2019

by ForexCycle.com | January 9, 2019 1:45 am
USDJPY is testing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 105.05 would possibly be consolidation for the downtrend from 113.70, another fall...

AUDUSD Daily Analysis – January 9, 2019

by ForexCycle.com | January 9, 2019 1:44 am
AUDUSD extended its upside movement from 0.6765 to as high as 0.7171. Further rise is still possible and next target would be at 0.7300 area. Near term support is at 0.7100, a breakdown below this level could...

GBPUSD Daily Analysis – January 9, 2019

by ForexCycle.com | January 9, 2019 1:42 am
GBPUSD failed to break above 1.2814 resistance and pulled back from 1.2796. However, another rise to test this resistance is possible after a minor consolidation, above here would aim 1.2900 area. Support is at 1.2700, below this...

EURUSD Daily Analysis – January 9, 2019

by ForexCycle.com | January 9, 2019 1:41 am
EURUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.1303. As long as the trend line support holds, the upside movement could be expected to continue and next target...

Elliott Wave View looking for SPX Rally to Fail

by elliottwave-forecast.com | January 8, 2019 8:58 pm
Short term Elliott Wave view in SPX suggests that the decline to 2346.58 ended wave (3). The Index is currently correcting in wave (4) as a double three Elliott Wave structure. Up from 2346.58, wave W ended...

Elliott Wave Analysis: Not The Right Time to Buy Apple

by elliottwave-forecast.com | January 8, 2019 8:58 pm
Welcome traders, today we will look at a couple of Apple (APPL) charts. After plunging almost 10% on January 3rd, has the tech giant reached a bottom? And do we really have to depend on news to be on the...

Japanese Yen Outlook In 2019

by elliottwave-forecast.com | January 8, 2019 8:58 pm
In this updated article and video below, we will follow up our view on Japanese Yen outlook in 2019. We wrote an article in late December last year titled “Will Yen Continue to Outperform in 2019?” In...