USDJPY Daily Analysis – December 12, 2019

by ForexCycle.com | December 11, 2019 11:13 pm
USDJPY continued its sideways movement in a trading range between 108.42 and 109.00. Support is at the bottom of the price channel on the 4-hour chart, a breakdown below the channel support could take the price to...

AUDUSD Daily Analysis – December 12, 2019

by ForexCycle.com | December 11, 2019 11:12 pm
AUDUSD broke above 0.6861 resistance and extended its upside movement from 0.6800 to as high as 0.6889. Further rise could be expected after a minor consolidation and next target would be at 0.6910 area. Near term support...

GBPUSD Daily Analysis – December 12, 2019

by ForexCycle.com | December 11, 2019 11:05 pm
GBPUSD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.2822. As long as the channel support holds, the upside movement could be expected to continue and next target would...

EURUSD Daily Analysis – December 12, 2019

by ForexCycle.com | December 11, 2019 11:04 pm
EURUSD extended its upside movement from 1.0981 to as high as 1.1144, breaking above 1.1116 resistance. Further rise could be expected after a minor consolidation and next target would be at 1.1170, followed by 1.1250. Support is...

PepsiCo (NASDAQ: PEP) Impulsive Rally Still in Progress

by elliottwave-forecast.com | December 11, 2019 5:39 pm
PepsiCo (NASDAQ: PEP) is an American multinational food, snack, and beverage corporation offering food (brands include Frito-Lay and Quaker) and drinks, including Pepsi, Tropicana, and Gatorade. PEP rally since May 2018 is unfolding as an impulsive Elliott Wave structure which currently can...

XLV Buying The Short-term Pullbacks At Blue Box Areas

by elliottwave-forecast.com | December 11, 2019 5:37 pm
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave Charts of XLV, which we presented to members at elliottwave-forecast.com. In which, the rally from December 2018 lows & October 2019 lows,...

Pound Sterling Maintains Strength as Tories Projected to Win

by elliottwave-forecast.com | December 11, 2019 5:36 pm
Pound Sterling remains strong as the U.K. will go to poll this coming Thursday December 12. The general election normally should be held every five years. However, this election will be the third time since 2015 as...

Elliott Wave View: Copper Rallying as an Impulse

by elliottwave-forecast.com | December 11, 2019 5:34 pm
Short-term Elliott Wave view in Copper (HG_F) suggests that the metal is rallying as a 5 waves Elliott wave impulsive structure from November 15, 2019 low. Up from there, wave ((i)) ended at 2.69, and wave ((ii) pullback ended...

USDCAD Daily Analysis – December 11, 2019

by ForexCycle.com | December 11, 2019 4:05 am
USDCAD is now in the downtrend from 1.3269, further decline would likely be seen in the coming days and next target would be at 1.3190 area. Resistance is at 1.3269, a breakout of this level could trigger...

USDJPY Daily Analysis – December 11, 2019

by ForexCycle.com | December 11, 2019 4:04 am
USDJPY moved sideways in a trading range between 108.42 and 109.00. Support is at the bottom of the price channel on the 4-hour chart, a breakdown below the channel support could take the price to 107.50 area....