GBPUSD Weekly Analysis – November 17, 2019

by ForexCycle.com | November 17, 2019 10:50 am
GBPUSD moved sideways in a narrow range between 1.2768 and 1.3012. As long as 1.2768 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.1958, further rise towards 1.3200 is still possible...

EURUSD Weekly Analysis – November 17, 2019

by ForexCycle.com | November 17, 2019 10:48 am
EURUSD’s fall from 1.1179 extended to as low as 1.0989. Deeper decline would likely be seen after a minor consolidation and next target would be at 1.0879 support. Near term resistance is at 1.1100, only break above...

USDCAD Daily Analysis – November 15, 2019

by ForexCycle.com | November 15, 2019 4:23 am
USDCAD broke below the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.3114 had completed at 1.3270 already. Deeper decline to test 1.3212 support would likely be seen, below this level could...

USDJPY Daily Analysis – November 15, 2019

by ForexCycle.com | November 15, 2019 4:22 am
USDJPY extended its downside movement from 109.48 to as low as 108.23, breaking below 108.64 support. As long as the price is in the falling channel on the 4-hour chart, the downside movement could be expected to...

AUDUSD Daily Analysis – November 15, 2019

by ForexCycle.com | November 15, 2019 4:21 am
AUDUSD’s downside movement from 0.6929 extended to as low as 0.6769. As long as the price is in the falling channel on the 4-hour chart, the downside movement could be expected to continue and next target would...

GBPUSD Daily Analysis – November 15, 2019

by ForexCycle.com | November 15, 2019 4:20 am
GBPUSD is facing 1.2898 resistance, a breakout of this level could trigger further upside movement to 1.2950 area. On the downside, as long as 1.2898 resistance holds, the price action from 1.2768 could be treated as consolidation...

EURUSD Daily Analysis – November 15, 2019

by ForexCycle.com | November 15, 2019 4:20 am
EURUSD broke above the falling price channel on the 4-hour chart, further rally to test 1.1043 resistance would likely be seen, above this level would indicate that the downside movement from 1.1175 had completed at 1.0989 already,...

CADJPY : Watch For Possible Buying Opportunities

by elliottwave-forecast.com | November 14, 2019 9:26 pm
CADJPY Technical Analysis November 14/2019 CADJPY : A possible bullish pattern is visible on the Daily time frame. The blue bullish pattern still needs to make a push lower to complete point D at the BC 0.50%...

The Coca-Cola Company (NYSE: KO) Looking to Remain Supported

by elliottwave-forecast.com | November 14, 2019 9:26 pm
The Coca-Cola Company (NYSE: KO) is an American multinational corporation and it’s the world’s leading soft-drink company. Since February 2019, KO rallied higher within an impulsive 5 waves advance breaking to new all time highs and opening further extension. Down from...

Elliott Wave View: USDJPY Remains Supported

by elliottwave-forecast.com | November 14, 2019 9:26 pm
Elliott Wave View on USDJPY suggests the rally from October 3 low is unfolding as a leading diagonal. A leading diagonal is one form of a 5 waves move with wave 1 and 4 overlapping and the...