Gold: Often, Simple Forecasting Tools Are All You Need

by ForexCycle.com | September 22, 2017 2:12 am
By Elliott Wave International 3 Videos + 8 Charts = Opportunities You Need to See. Join this free event hosted by Elliott Wave International and you’ll get a clear picture of what’s next in a variety of...

USDCAD Daily Analysis – September 22, 2017

by ForexCycle.com | September 22, 2017 2:09 am
USDCAD remains in the short term uptrend from 1.2061. Further rise towards the bearish trend line on the daily chart would likely be seen. As long as the price is below the trend line, the bounce from...

USDJPY Daily Analysis – September 22, 2017

by ForexCycle.com | September 22, 2017 2:08 am
USDJPY stays above a rising trend line on its 4-hour chart and remains in the uptrend from 107.31. As long as the trend line support holds, the uptrend could be expected to continue and next target would...

AUDUSD Daily Analysis – September 22, 2017

by ForexCycle.com | September 22, 2017 2:07 am
After correction, AUDUSD broke below 0.7939 support and continued its downside movement from 0.8124. Further decline could be expected in a couple of days and next target would be at 0.7871, followed by 0.7807. Key resistance is...

GBPUSD Daily Analysis – September 22, 2017

by ForexCycle.com | September 22, 2017 2:06 am
GBPUSD moved sideways in a trading range between 1.3451 and 1.3652. The sideways movement is likely consolidation of the uptrend from 1.2774. As long as 1.3451 support holds, the uptrend could be expected to continue and next...

EURUSD Daily Analysis – September 22, 2017

by ForexCycle.com | September 22, 2017 2:05 am
EURUSD failed to break below 1.1823 key support and stays in a trading range between 1.1823 and 1.2092, suggesting that lengthier consolidation from the uptrend from 1.0569 (Apr 10 low) is underway. As long as 1.1823 key...

Gold Price Moved Below Major Support Trend Line

by ForexCycle.com | September 21, 2017 11:27 am
XAUUSD failed to break above the descending trend line from 1357.45 to 1334.29 on its 4-hour chart and extended its downside movement to as low as 1293.25. On the daily chart, the XAUUSD pair moved below a...

USDCAD Daily Analysis – September 21, 2017

by ForexCycle.com | September 21, 2017 2:55 am
USDCAD extended its upside movement from 1.2061 to as high as 1.2390. Further rise would likely be seen in a couple of days and next target would be at the bearish trend line on the daily chart...

USDJPY Daily Analysis – September 21, 2017

by ForexCycle.com | September 21, 2017 2:55 am
USDJPY’s bullish movement from 107.31 extended to as high as 112.64. As long as the price is above the rising trend line on the 4-hour chart, the bullish move could be expected to continue, and next target...

AUDUSD Daily Analysis – September 21, 2017

by ForexCycle.com | September 21, 2017 2:54 am
No changed in our view, AUDUSD is now in a downtrend from 0.8124, the bounce from 0.7939 could be treated as correction of the downtrend. Further decline would likely be seen after the correction, and next target...