GBPUSD Weekly Analysis – September 24, 2017
GBPUSD is now facing a long term bearish trend line on its weekly chart. An upside break through the trend line could take price to next resistance level at 1.3950 which would be the final target of...
Author: ForexCycle.com
EURUSD Weekly Analysis – September 24, 2017
EURUSD stays in a rising price channel on its daily chart and remains in the uptrend from 1.0569. As long as the price is in the channel, the sideways movement in a trading range between 1.1823 and...
GBPUSD Facing Major Resistance Trend Line On Weekly Chart
GBPUSD extended its upside movement from 1.1946 to as high as 1.3652, facing a major resistance trend line from 1.7190 to 1.5016 on its weekly chart. As long as the price is below the trend line, the...
Gold: Often, Simple Forecasting Tools Are All You Need
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
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
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
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
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
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
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...