EURUSD Daily Analysis – May 14, 2020

by ForexCycle.com | May 14, 2020 1:35 am
EURUSD stays above a rising price channel on the 4-hour chart and remains in the uptrend from 1.0766. As long as the channel support holds, the upside movement could be expected to continue and next target would...

Natural Gas (NG_F) Reacted Lower From Blue Boxes

by elliottwave-forecast.com | May 13, 2020 7:02 pm
In this blog, we are going to take a look at the Elliott Wave chart of Natural Gas (NG_F).  The 4 hour chart update from 20 April shows that cycle from May 11, 2019 high ended at...

Outlook in Bitcoin after Halving

by elliottwave-forecast.com | May 13, 2020 7:00 pm
Retail investors may return to Bitcoin again after the digital currency completed the one-in-four year adjustment called halving. Halving provides less rewards to miners who run high-powered computers to solve complex mathematical puzzles in order to generate...

USDCAD Daily Analysis – May 13, 2020

by ForexCycle.com | May 13, 2020 2:57 am
USDCAD’s bounce from 1.3899 extended to as high as 1.4084. Further rise could be expected and next target would be at the falling trend line on the 4-hour chart. Near term support is at 1.3970, a breakdown...

USDJPY Daily Analysis – May 13, 2020

by ForexCycle.com | May 13, 2020 2:55 am
USDJPY remains in the uptrend from 105.98, the pullback from 107.76 is likely consolidation for the uptrend. As long as 107.00 support holds, the uptrend could be expected to resume and further rise towards 109.00 is possible....

AUDUSD Daily Analysis – May 13, 2020

by ForexCycle.com | May 13, 2020 2:53 am
AUDUSD continued its sideways movement in a trading range between 0.6372 and 0.6569. As long as the price is in the rising price channel on the 4-hour chart, the sideways movement could be treated as consolidation for...

GBPUSD Daily Analysis – May 13, 2020

by ForexCycle.com | May 13, 2020 2:53 am
GBPUSD broke below 1.2265 support, suggesting that the downtrend from 1.2642 has resumed. Further decline could be expected and next target would be at 1.2100 area. Key resistance is at 1.2466, only break above this level could...

EURUSD Daily Analysis – May 13, 2020

by ForexCycle.com | May 13, 2020 2:51 am
EURUSD broke above 1.0875 resistance. Further rally would likely be seen in the coming days and next target would be at 1.1000 area. Near term support is at 1.0820, a breakdown below this level could trigger another...

Paypal (NASDAQ: PYPL) – Bullish Sequence Calling Higher

by elliottwave-forecast.com | May 12, 2020 4:16 pm
Paypal (NASDAQ: PYPL) is an American online payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Last week, PYPL broke above February 2020 peak to hit an all-time high few days...

Elliott Wave View: DAX Ended Correction and Turns Lower

by elliottwave-forecast.com | May 12, 2020 4:15 pm
Short Term Elliott Wave view in DAX suggests the rally from 3.16.2020 low ended at 11242.77 as an impulse structure. Up from 3.16.2020 low, wave (1) ended at 9145.93 and pullback in wave (2) ended at 8257.53....