EURUSD Daily Analysis – March 5, 2020

by ForexCycle.com | March 5, 2020 3:21 am
EURUSD is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.1213 could be treated as consolidation for the uptrend from 1.0778, and...

See “opportunities in this chaos,” FREE — here’s how

by ForexCycle.com | March 4, 2020 3:43 pm
The Fed has cut rates, but stocks barely noticed. And you may be getting particularly worried right now. Our friends at Elliott Wave International would like to help — free. Their research shows that — contrary to...

Gold: Learn from the Actions of the “Smartest on Wall Street”

by ForexCycle.com | March 4, 2020 3:02 am
By Elliott Wave International Hedge fund managers are considered to be among the smartest people on Wall Street. Ironically, as a group, they’re notorious for consistently being on the wrong side of major turns in the markets...

USDCAD Daily Analysis – March 4, 2020

by ForexCycle.com | March 4, 2020 2:22 am
USDCAD is now in the downtrend from 1.3463, the bounce from 1.3314 is likely consolidation for the downtrend. Further decline could be expected after the consolidation and next target would be at 1.3250 area. Near term resistance...

USDJPY Daily Analysis – March 4, 2020

by ForexCycle.com | March 4, 2020 2:21 am
USDJPY extended its downside movement from 112.22 to as low as 106.84. Further decline is still possible after a minor consolidation and next target would be at 106.50 area. Key resistance is located at the bearish trend...

AUDUSD Daily Analysis – March 4, 2020

by ForexCycle.com | March 4, 2020 2:20 am
AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 0.6749 had completed at 0.6433 already. Support is at 0.6550, as long as this level holds, further rally could be...

GBPUSD Daily Analysis – March 4, 2020

by ForexCycle.com | March 4, 2020 2:18 am
GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3017 had completed at 1.2725 already. Further rally would likely be seen and next target would be at 1.2900 area....

EURUSD Daily Analysis – March 4, 2020

by ForexCycle.com | March 4, 2020 2:15 am
EURUSD stays above the bullish trend line on the 4-hour chart and remains in the uptrend from 1.0778. As long as the trend line support holds, the upside movement could be expected to continue and next target...

USDCAD Daily Analysis – March 3, 2020

by ForexCycle.com | March 3, 2020 3:04 am
USDCAD broke below the support of the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.3201 had completed at 1.3463 already. Further decline would likely be seen and next target would be...

USDJPY Daily Analysis – March 3, 2020

by ForexCycle.com | March 3, 2020 3:03 am
USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 112.22. As long as the trend line resistance holds, the downside movement could be expected to continue and a breakdown...