AUDUSD Daily Analysis – April 30, 2020
AUDUSD’s upside movement from 0.6253 extended to as high as 0.6558. Further rise is still possible in a couple of days and next target would be at 0.6650 area. Near term support is at 0.6480, below this...
Author: ForexCycle.com
GBPUSD Daily Analysis – April 30, 2020
GBPUSD remains in the uptrend from 1.2246. As long as the price is above the rising trend line on the 4-hour chart, the pullback from 1.2517 could be treated as consolidation for the uptrend, and further rise...
EURUSD Daily Analysis – April 30, 2020
EURUSD remains in the uptrend from 1.0727. Further rally would likely be seen in a couple of days and next target would be at 1.0950 area. Support is at 1.0809, only break below this level could trigger...
How this “Popular Bull-Market Strategy” Can Backfire — Big Time
By Elliott Wave International “Buying the dip” might work in a rip-roaring bull market, but it can cost you your shirt in a severe downturn. Even so, this March 23 Wall Street Journal quote represents the mindset...
USDCAD Daily Analysis – April 29, 2020
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4264. As long as the trendline resistance holds, the downside movement could be expected to continue and next target would...
USDJPY Daily Analysis – April 29, 2020
USDJPY broke below 106.90 support, suggesting that the downtrend from 109.38 has resumed. Further decline would likely be seen and next target would be at 105.00 area. Near term resistance is at 107.00, a breakout of this...
AUDUSD Daily Analysis – April 29, 2020
AUDUSD extended its upside movement from 0.6253 to as high as 0.6529. Further rise would likely be seen and next target would be at 0.6650 area. Near term support is at 0.6460, a breakdown below this level...
GBPUSD Daily Analysis – April 29, 2020
GBPUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2246. As long as the trend line support holds, the uptrend could be expected to continue and next target would...
EURUSD Daily Analysis – April 29, 2020
EURUSD extended its upside movement from 1.0727 to as high as 1.0888. Further rise would likely be seen in a couple of days and next target would be at 1.0950 area. Near term support is at 1.0800,...
This Major Stock Market Indicator is Flashing a HUGE Signal
By Elliott Wave International A question was posed to Elliott Wave International President Robert Prechter for a classic Elliott Wave Theorist (Prechter’s monthly publication about financial markets and social trends since 1979): Under the Wave Principle, what...