GBPUSD Daily Analysis – June 13, 2018
GBPUSD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.3472. Further decline would likely be seen and next target would be at 1.3250 area. On the upside a breakout...
Author: ForexCycle.com
EURUSD Daily Analysis – June 13, 2018
EURUSD broke below the bottom support trend line of the price channel on its 4-hour chart, suggesting that the upside movement from 1.1510 had completed at 1.1840 already. Further decline would likely be seen and next target...
Why You Should Brace Yourself for Big Financial Changes
By Elliott Wave International The one thing you can count on in financial markets, and society at large, is change. I was reminded of this when I read this May 18 New York Times’ headline and subheadline:...
USDCAD Daily Analysis – June 12, 2018
USDCAD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 1.2728. As long as the channel support holds, the upside movement could be expected to continue and next target would...
USDJPY Daily Analysis – June 12, 2018
USDJPY broke above 110.26 resistance, suggesting that the upside movement from 108.11 has resumed. Further rise would likely be seen and next target would be at 111.00 area. Near term support is at the bullish trend line...
AUDUSD Daily Analysis – June 12, 2018
AUDUSD’s fall from 0.7676 extended to as low as 0.7560. Further decline is still possible and next target would be at the rising trend line on the 4-hour chart. Resistance levels are at 1.7630 and 0.7676, only...
GBPUSD Daily Analysis – June 12, 2018
GBPUSD’s downside movement from 1.3472 extended to as low as 1.3344. Further decline could be expected in the coming days, and next target would be at 1.3250 area. Resistance is at the falling trend line on the...
EURUSD Daily Analysis – June 12, 2018
EURUSD is facing the support of the price channel on the 4-hour chart. As long as the channel support holds, the price action from 1.1840 could be treated as consolidation for the uptrend from 1.1510 and one...
Holding Steady: 5 Forex Day Trading Mistakes to Look Out For
With the advent of the internet age, the popularity of forex trading, and day trading particular, has risen exponentially. People who previously had no access to the markets due to various constraints and limitations can now participate...
USDCAD Daily Analysis – June 11, 2018
USDCAD remains in the uptrend from 1.2728. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3100...