GBPUSD Weekly Analysis – October 20, 2019

by ForexCycle.com | October 20, 2019 12:01 pm
GBPUSD’s upside movement from 1.1958 extended to as high as 1.2989. Further rise is still possible after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.2820, below this level...

EURUSD Weekly Analysis – October 20, 2019

by ForexCycle.com | October 20, 2019 12:01 pm
EURUSD is now in the uptrend from 1.0879, further rally could be expected in a couple of weeks and next target would be at 1.1250 area. Near term support is at 1.1100, below this level could bring...

USDCAD Daily Analysis – October 18, 2019

by ForexCycle.com | October 18, 2019 3:10 am
USDCAD extended its downside movement from 1.3347 to as low as 1.3130. Further decline could be expected after a minor consolidation and next target would be at 1.3100 area. Resistance is at falling trend line on the...

USDJPY Daily Analysis – October 18, 2019

by ForexCycle.com | October 18, 2019 3:10 am
USDJPY broke below the bottom support trend line of the rising price channel on the 4-hour chart, suggesting that consolidation for the uptrend from 106.48 is underway. Range trading between 108.03 and 108.93 would likely be seen...

AUDUSD Daily Analysis – October 18, 2019

by ForexCycle.com | October 18, 2019 3:09 am
AUDUSD broke above 0.6810 resistance, suggesting that the uptrend from 0.6670 has resumed. Further rise could be expected in a couple of days and next target would be at 0.6880 area. Near term support is at 0.6810,...

GBPUSD Daily Analysis – October 18, 2019

by ForexCycle.com | October 18, 2019 3:08 am
GBPUSD’s upside movement from 1.2195 extended to as high as 1.2989. 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...

EURUSD Daily Analysis – October 18, 2019

by ForexCycle.com | October 18, 2019 3:07 am
EURUSD extended its upside movement from 1.0879 to as high as 1.1139. 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...

Elliott Wave View: Nikkei Buyers in Control

by elliottwave-forecast.com | October 17, 2019 8:12 pm
Nikkei shows Elliott Wave bullish sequence from December 26, 2018 low and August 26, 2019 low. This suggests that buyers are in control and favors further upside in the Index. The pullback to 21079 ended wave ((2))...

Elliott Wave View: BAC Starts the Next Leg Higher

by elliottwave-forecast.com | October 17, 2019 8:11 pm
Bank of America (ticker: BAC) shows an Elliott Wave bullish sequence from August 15, 2019 low, favoring further upside. The decline to 27.19 ended wave (2) and the stock has resumed higher in wave (3). The internal...

USDMXN: Multi Year Consolidation Should Break Lower

by elliottwave-forecast.com | October 17, 2019 8:11 pm
USDMXN has been within a multi-year consolidation. Since 2017 peak the pair did a clear impulse lower which is based on the Elliott Wave Theory. The ideal case will be now that we should see another leg lower....