GBPUSD Daily Analysis – February 22, 2019

by ForexCycle.com | February 22, 2019 2:00 am
GBPUSD moved sideways in a narrow range between 1.3010 and 1.3108. As long as 1.3010 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.2772 and further rise to...

EURUSD Daily Analysis – February 22, 2019

by ForexCycle.com | February 22, 2019 1:58 am
EURUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.1234. As long as the trend line support holds, the upside movement could be expected to continue and next target...

Elliott Wave View: DAX Bullish Sequence Favors More Upside

by elliottwave-forecast.com | February 21, 2019 9:26 pm
DAX has broken above February 6, 2019 high (11371.74) and shows a bullish sequence from December 28, 2018 low (10279.20). On the chart below, we put a bullish sequence stamp and right side higher to indicate the...

BAC Elliott Wave Analysis: Blue Boxes calling the reaction lower

by elliottwave-forecast.com | February 21, 2019 9:26 pm
Today, I want to share with you some Elliott Wave charts of the Bank of America stock ( BAC ), which we presented to our members at Elliott Wave Forecast. You see the 1-hour updated chart presented to our clients on the 02/13/19...

SPY : The Index Heading for All-Time High

by elliottwave-forecast.com | February 21, 2019 9:12 pm
The ETF is rallying from the blue box after forming the low on 12.26.2018, Blue box is an area where buyers and sellers agree in the next direction. We have developed a system in which we present...

USDCAD: The First Target of the Decrease Is 1.3057

by Assistant Traders | February 21, 2019 7:10 am
The capitalization of positions of CFE-accountable participants of the CME Group on derivatives for Canadian dollar increased by 1%. The total capitalization of derivative markets for the Canadian Dollar reached $ 25 billion 21 million. The preponderance...

USDCAD Daily Analysis – February 21, 2019

by ForexCycle.com | February 21, 2019 3:00 am
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.3339. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

USDJPY Daily Analysis – February 21, 2019

by ForexCycle.com | February 21, 2019 2:59 am
USDJPY is facing the support of the rising price channel on the 4-hour chart. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 112.00 area....

AUDUSD Daily Analysis – February 21, 2019

by ForexCycle.com | February 21, 2019 2:58 am
AUDUSD’s upside movement from 0.7054 extended to as high as 0.7206. 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 – February 21, 2019

by ForexCycle.com | February 21, 2019 2:58 am
GBPUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2772. As long as the trend line support holds, the fall from 1.3108 could be treated as consolidation for the...