GBPUSD Daily Analysis – February 17, 2020
GBPUSD extended its upside movement from 1.2871 to as high as 1.3069. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
Author: ForexCycle.com
EURUSD Daily Analysis – February 17, 2020
EURUSD remains in the downtrend from 1.1095. As long as 1.0888 resistance holds, the downside movement could be expected to continue and next target would be at 1.0750 area. On the upside, a break of 1.0888 resistance...
USDCAD Weekly Analysis – February 16, 2020
USDCAD stays in a rising price channel on the daily chart and remains in the uptrend from 1.2951. As long as the channel support holds, the upside movement could be expected to continue and next target would...
USDJPY Weekly Analysis – February 16, 2020
USDJPY remains in the uptrend from 104.44. As long as the price is in the rising price channel on the daily chart, the upside movement could be expected to continue and next target would be at 110.80...
AUDUSD Weekly Analysis – February 16, 2020
AUDUSD stays below a falling trend line on the daily chart and remains in the downtrend from 0.7031. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
GBPUSD Weekly Analysis – February 16, 2020
GBPUSD stays in a falling price channel on the daily chart and remains in the downtrend from 1.3514. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...
EURUSD Weekly Analysis – February 16, 2020
EURUSD extended its downside movement from 1.1239 to as low as 1.0827, breaking below 1.0879 support. Further decline could be expected after a minor consolidation and next target would be at 1.0600 area. Near term resistance is...
Central Banks Load Up on Gold: A Revealing Perspective
By Elliott Wave International If financial history teaches anything, it’s that the most intense buying happens near a top. Likewise, climatic selling happens near a bottom. In other words: The crowd is usually on the wrong side...
USDCAD Daily Analysis – February 14, 2020
USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2951. As long as the channel support holds, the pullback from 1.3328 could be treated as consolidation for the uptrend,...
USDJPY Daily Analysis – February 14, 2020
USDJPY moved sideways in a trading range between 109.53 and 110.13. As long as 109.53 support holds, the price action in the range could be treated as consolidation for the uptrend, and further rise towards 110.50 is...