AUDUSD Daily Analysis – February 6, 2020

by ForexCycle.com | February 6, 2020 4:21 am
AUDUSD is facing 0.6777 resistance. As long as this level holds, the bounce from 0.6678 could be treated as consolidation for the downtrend from 0.7031, another fall to 0.6600 area is possible after the consolidation, only break...

GBPUSD Daily Analysis – February 6, 2020

by ForexCycle.com | February 6, 2020 4:20 am
GBPUSD remains in the downtrend from 1.3209, further decline would likely be seen in the coming days, and next target would be at 1.2800 area. Near term resistance is at 1.3070, a break of this level could...

EURUSD Daily Analysis – February 6, 2020

by ForexCycle.com | February 6, 2020 4:18 am
EURUSD is facing 1.0992 support, a breakdown below this level could trigger further downside movement towards 1.0950. Near term resistance is at 1.1020, a break of this level could bring the price back towards the top of...

TSLA Powerful Elliott Wave (III) Started From The Blue Box

by elliottwave-forecast.com | February 5, 2020 3:59 pm
TSLA has gained 447% since June 2019 and the vertical rally suggests it is super cycle wave (III) of an Elliott Wave Impulse structure up from all time low. In 2019, we looked for a pull back...

New High in TSLA: Riding an Electric 200+% Move

by ForexCycle.com | February 5, 2020 6:41 am
By Elliott Wave International Excerpted from the March 2019 Asian-Pacific Financial Forecast (published March 1, 2019): The electric vehicle revolution approaches critical mass The CEO of Tesla Inc., Elon Musk, held a ground-breaking ceremony outside Shanghai in...

USDCAD Daily Analysis – February 5, 2020

by ForexCycle.com | February 5, 2020 4:27 am
USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3035. As long as the channel support holds, the pullback from 1.3303 could be treated as consolidation for the uptrend,...

USDJPY Daily Analysis – February 5, 2020

by ForexCycle.com | February 5, 2020 4:24 am
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 110.28 had completed at 108.30 already. Further rally would likely be seen in the coming days and next target would be...

AUDUSD Daily Analysis – February 5, 2020

by ForexCycle.com | February 5, 2020 4:23 am
AUDUSD is in consolidation for the downtrend from 0.7031. Range trading between 0.6678 and 0.6777 would likely be seen over the next several days. As long as 0.6777 resistance holds, the downtrend could be expected to resume,...

GBPUSD Daily Analysis – February 5, 2020

by ForexCycle.com | February 5, 2020 4:22 am
GBPUSD broke below 1.2954 support, suggesting that the downtrend from 1.3514 has resumed. Further decline could be expected in the coming days, and next target would be at 1.2850 area. Resistance is at 1.3050, above this level...

EURUSD Daily Analysis – February 5, 2020

by ForexCycle.com | February 5, 2020 4:22 am
EURUSD stays in falling price channel on the 4-hour chart and remains in the downtrend from 1.1239. As long as the channel resistance holds, the downside movement could be expected to continue and next target would be...