USDTRY Mid-Term Elliott Wave View

by elliottwave-forecast.com | June 9, 2019 9:57 pm
In this blog, we revisit Turkish Lira Elliott wave analysis presented back in August 2018 and present the latest USDTRY Elliott Wave Analysis. We were looking for a bounce to fail below August 2018 peak for another...

USDCAD Weekly Analysis – June 8, 2019

by ForexCycle.com | June 8, 2019 12:20 pm
USDCAD broke below the rising trend line on the daily chart, suggesting that the upside movement from 1.3068 had completed at 1.3564 already. Further decline could be expected and next target would be at 1.3100 area. Resistance...

USDJPY Weekly Analysis – June 8, 2019

by ForexCycle.com | June 8, 2019 12:18 pm
USDJPY stays below a bearish trend line on the daily chart and remains in the downtrend from 112.40. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

AUDUSD Weekly Analysis – June 8, 2019

by ForexCycle.com | June 8, 2019 12:17 pm
AUDUSD’s bounce from 0.6864 extended to as high as 0.7021. Further rally is still possible in a couple of weeks and next target would be at the top trend line of the price channel on the daily...

GBPUSD Weekly Analysis – June 8, 2019

by ForexCycle.com | June 8, 2019 12:14 pm
GBPUSD stays below a falling trend line on the daily chart and remains in the downtrend from 1.3381. Further decline is still possible after a minor consolidation and next target would be at 1.2300 area. Near term...

EURUSD Weekly Analysis – June 8, 2019

by ForexCycle.com | June 8, 2019 12:13 pm
EURUSD broke above the falling trend line on the daily chart, suggesting that the downside movement from 1.1570 had completed at 1.1106 already. Further rally would likely be seen in a couple of weeks and next target...

USDCAD Daily Analysis – June 6, 2019

by ForexCycle.com | June 6, 2019 1:15 am
USDCAD failed to break below 1.3357 support and rebounded from 1.3362. Further rally would likely be seen in the coming days and next target would be at 1.3500 area. Near term support is at 1.3395, a breakdown...

USDJPY Daily Analysis – June 6, 2019

by ForexCycle.com | June 6, 2019 1:14 am
USDJPY broke above 108.45 resistance, suggesting that the downside movement from 109.92 had completed at 107.81 already. Further rally would likely be seen in a couple of days and next target would be at 108.80, followed by...

AUDUSD Daily Analysis – June 6, 2019

by ForexCycle.com | June 6, 2019 1:13 am
AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.6898 had completed at 0.7007 already. Further decline could be expected in a couple of days and next target would...