USDJPY Weekly Analysis – June 28, 2020

by ForexCycle.com | June 28, 2020 1:58 am
USDJPY is facing 105.98 support, a breakdown below this level could take the price to 103.00 area. Near term resistance is at 107.65, a breakout of this level could trigger another rise towards 112.00.

AUDUSD Weekly Analysis – June 28, 2020

by ForexCycle.com | June 28, 2020 1:56 am
AUDUSD stays above a rising trend line on the daily chart and remains in the uptrend from 0.5507. As long as the trend line support holds, the pullback from 0.7063 could be treated as consolidation for the...

GBPUSD Weekly Analysis – June 28, 2020

by ForexCycle.com | June 28, 2020 1:54 am
GBPUSD failed to break above the falling trend line on the daily chart and pulled back from 1.2812. However, another rise to test the trend line resistance is possible, and a breakout of 1.2812 level could trigger...

EURUSD Weekly Analysis – June 28, 2020

by ForexCycle.com | June 28, 2020 1:53 am
EURUSD remains in the uptrend from 1.0635, the pullback from 1.1422 is likely corrective consolidation for the uptrend. Another rise to test 1.1496 resistance is possible, a break of this level could take the price to 1.1800...

U.S. Dollar: When Almost Everyone Is Bearish…

by ForexCycle.com | June 27, 2020 2:09 am
By Elliott Wave International June started off with speculators decidedly negative toward the U.S. dollar. On the second day of the month, the Financial Times said: Wall Street strategists say dollar could be set for “dramatic” falls...

Elliott Wave View: SPX Resumes Correction Lower

by elliottwave-forecast.com | June 26, 2020 3:38 pm
Elliott Wave View in SPX suggests the rally from 4.2.2020 low ended at 3233.13 high as 5 waves impulse Elliott Wave Structure. Up from 4.2.2020 low, wave (1) ended at 2954.86 high and wave (2) dips ended at...

Drive Shack ($DS) Incomplete Bullish Sequence

by elliottwave-forecast.com | June 26, 2020 3:36 pm
Drive Shack ($DS) has been making steady gains since the March 2020 low.  Technically speaking, it has a nice Elliott Wave chart, and is following the pattern of the general indices fairly well.  Let’s take a look...

Elliott Wave View: Exxon Mobil Pulling Back

by elliottwave-forecast.com | June 25, 2020 3:09 pm
Elliott Wave View in Exxon (ticker: XOM) shows that the stock has an incomplete bearish sequence against June 8 high. The decline from June 8 high unfolded as a zigzag Elliott Wave structure, where wave (A) ended at...

Europe’s Banking Sector: When (and Why) the Rout Really Began

by ForexCycle.com | June 25, 2020 2:41 am
By Elliott Wave International The financial sector has been one of the global stock market’s bedrocks for decades. That’s why its performance is so critical to the overall stock market health. Well, here’s a chart of the...

SPY Elliott Wave View: Ready To Resume Higher?

by elliottwave-forecast.com | June 24, 2020 4:13 pm
In this technical blog, we are going to take a look at the past performance of Elliott Wave Charts SPY, which we presented to members at elliottwave-forecast. In which, the rally from 23 March 2020 low unfolded as...