EURUSD Daily Analysis – October 22, 2019

by ForexCycle.com | October 22, 2019 4:08 am
EURUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.0879. As long as the trend line support holds, the upside movement could be expected to continue and next target...

The Elliott Wave Principle: A “Marvel” of Technical Analysis

by ForexCycle.com | October 21, 2019 10:50 pm
By Elliott Wave International Just when you thought there’d been every possible adaptation of the Marvel comics movie franchise, we’ve thought of one more: A Marvel installment based on financial market analysis. At one end of this...

USDCAD Daily Analysis – October 21, 2019

by ForexCycle.com | October 21, 2019 3:14 am
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.3347. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

USDJPY Daily Analysis – October 21, 2019

by ForexCycle.com | October 21, 2019 3:13 am
USDJPY is in consolidation for the uptrend from 106.48. Range trading between 108.03 and 108.93 would likely be seen in the coming days. As long as 108.03 support holds, the upside movement could be expected to resume,...

AUDUSD Daily Analysis – October 21, 2019

by ForexCycle.com | October 21, 2019 3:12 am
AUDUSD extended its upside movement from 0.6723 to as high as 0.6865. Further rise is still possible after a minor consolidation and next target would be at 0.6900 area. Near term support is at 0.6835, a breakdown...

GBPUSD Daily Analysis – October 21, 2019

by ForexCycle.com | October 21, 2019 3:11 am
GBPUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2195. As long as the trend line support holds, the upside movement could be expected to continue and next target...

EURUSD Daily Analysis – October 21, 2019

by ForexCycle.com | October 21, 2019 3:10 am
EURUSD’s upside movement from 1.0879 extended to as high as 1.1170. Further rise is still possible after a minor consolidation and next target would be at 1.1200 area. Near term support is at 1.1110, a breakdown below...

USDCAD Weekly Analysis – October 20, 2019

by ForexCycle.com | October 20, 2019 12:04 pm
USDCAD broke below 1.3133 support, suggesting that the downtrend from 1.3382 has resumed. Further decline could be expected in a couple of weeks and next target would be at 1.3000 area. Near term resistance is at 1.3200,...

USDJPY Weekly Analysis – October 20, 2019

by ForexCycle.com | October 20, 2019 12:03 pm
USDJPY remains in the uptrend from 104.44, further rise could be expected in a couple of weeks and next target would be at 110.00 area. Near term support is at 108.00, below this level could trigger further...

AUDUSD Weekly Analysis – October 20, 2019

by ForexCycle.com | October 20, 2019 12:02 pm
AUDUSD’s bounce from 0.6670 extended to as high as 0.6856. Further rally would likely be seen next week and the target would be at the falling trend line on the daily chart. However, as long as the...