EURUSD Weekly Analysis – April 19, 2020

by ForexCycle.com | April 19, 2020 2:40 am
EURUSD continued its sideways movement in a trading range between 1.0635 and 1.1147. The sideways movement is likely consolidation for the downtrend from 1.1496 and another fall towards 1.0400 could be expected after the consolidation, only break...

Nvidia (NASDAQ: NVDA) Aiming for All-Time High

by elliottwave-forecast.com | April 17, 2020 3:21 pm
Nvidia (NASDAQ: NVDA) is up 25% Year-To-Date outperforming the Semiconductor Sector which is currently down 9%. Despite, the sell off  that took place last month around the entire stock market, NVDA along few other stocks managed to sustain...

USDCAD Daily Analysis – April 17, 2020

by ForexCycle.com | April 17, 2020 1:50 am
USDCAD remains in the uptrend from 1.3854, the pullback from 1.4182 is likely corrective consolidation for the uptrend. Another rise could be expected after the consolidation and a break of 1.4182 resistance could take the price to...

USDJPY Daily Analysis – April 17, 2020

by ForexCycle.com | April 17, 2020 1:49 am
USDJPY is now in the uptrend from 106.92, further rally would likely be seen in a couple of days and next target would be at 109.00 area. Support is at 106.91, only break below this level could...

AUDUSD Daily Analysis – April 17, 2020

by ForexCycle.com | April 17, 2020 1:48 am
AUDUSD rebounded strongly from 0.6263, suggesting that the fall from 0.6444 had completed. Further rise would likely be seen and next target would be at 0.6444 resistance, followed by 0.6550 area. Support is at 0.6263, only break...

GBPUSD Daily Analysis – April 17, 2020

by ForexCycle.com | April 17, 2020 1:47 am
GBPUSD’s downside movement from 1.2647 extended to as low as 1.2407. Further decline could be expected in the coming days and next target would be at 1.2300 area. Near term resistance is at 1.2575, only break above...

EURUSD Daily Analysis – April 17, 2020

by ForexCycle.com | April 17, 2020 1:46 am
EURUSD extended its downside movement from 1.0990 to as low as 1.0816. Further decline would likely be seen in a couple of days and next target would be at 1.0678 support. Near term resistance is at 1.0905,...

Elliott Wave View: Crude Oil (CL_F) Sellers Remain In Control

by elliottwave-forecast.com | April 16, 2020 3:45 pm
Decline from April 23, 2019 high in Oil (CL_F) remains in progress as a 5 waves impulse. Down from April 23, 2019 high, wave (1) ended at 50.6 and wave (2) bounce ended at 65.65. Oil then...

USDCAD Daily Analysis – April 16, 2020

by ForexCycle.com | April 16, 2020 1:32 am
USDCAD bounced strongly from 1.3854 to as high as 1.4132, suggesting that the downside movement from 1.4348 had completed at 1.3854 already. Further rally could be expected in a couple of days and next target would be...