Will the Ethereum Crash Continue?
After hitting a highest record at 415, ETHUSD broke below the bullish price channel on its daily chart and fell sharply to as low as 175.50. Will the Ethereum crash continue? Let’s look into its 4-hour chart,...
Author: ForexCycle.com
Down Dollar Down: Time for “UP”?
By Elliott Wave International Don’t rely on after-the-fact headlines. Our charts and forecasts explain how we got here — and where we’re going. Trading Forex: How the Elliott Wave Principle Can Boost Your Forex Success Learn how...
USDCAD Daily Analysis – July 12, 2017
No changed in our view, USDCAD remains in downtrend from 1.3347, the bounce from 1.2859 could be treated as consolidation of the downtrend. Near term resistance is at the top trend line of the price channel on...
USDJPY Daily Analysis – July 12, 2017
USDJPY remains in uptrend from 108.81, the fall from 114.49 is likely consolidation of the uptrend. Near term support is at the bottom trend line of the price channel on its 4-hour chart. As long as the...
AUDUSD Daily Analysis – July 12, 2017
AUDUSD broke above 0.7640 resistance, indicating that the downward movement from 0.7712 had completed at 0.7571 already. Further rally to test 0.7712 resistance could be expected in a couple of days. Support is at 0.7571, only a...
GBPUSD Daily Analysis – July 12, 2017
GBPUSD’s fall from 1.3029 extended to as low as 1.2830. Resistance is located at the descending trend line on its 4-hour chart. As long as the pair is below the trend line, the downward movement could be...
EURUSD Daily Analysis – July 12, 2017
After consolidation, EURUSD broke above 1.1450 key resistance and continued its bullish movement from 1.1118. Further rise could be expected over the next several days and next target would be at 1.1600 area. Near term support is...
Gold Price Remains in Downtrend from 1295.94
After breaking below the major support trend line from the January 27 low of 1180.51 to the May 9 low of 1214.17 on its daily chart, XAUUSD continued to break below the key support at 1214.17, confirming...
USDCAD Daily Analysis – July 11, 2017
USDCAD remains in downtrend from 1.3347, the rise from 1.2859 is likely consolidation of the downtrend. Key resistance is at 1.3014, as long as this level holds, the downtrend could be expected to continue and next target...
USDJPY Daily Analysis – July 11, 2017
USDJPY stays in a bullish price channel on its 4-hour chart and remains in uptrend from 108.81. As long as the pair is in the channel, the uptrend could be expected to continue and further rise to...