USDJPY Weekly Analysis – August 2, 2020

by ForexCycle.com | August 2, 2020 2:05 pm
USDJPY rebounded strongly from 104.18, suggesting that the downside movement from 109.84 had completed. Further rally would likely be seen in the coming days and the target would be at the falling trend line on the daily...

AUDUSD Weekly Analysis – August 2, 2020

by ForexCycle.com | August 2, 2020 2:04 pm
AUDUSD’s upside movement from 0.5507 extended to as high as 0.7227. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next target...

GBPUSD Weekly Analysis – August 2, 2020

by ForexCycle.com | August 2, 2020 2:01 pm
GBPUSD extended its upside movement from 1.1409 to as high as 1.3169. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next...

EURUSD Weekly Analysis – August 2, 2020

by ForexCycle.com | August 2, 2020 2:00 pm
EURUSD stays above a rising trend line on the daily chart and remains in the uptrend from 1.0635. As long as the trend line support holds, the upside movement could be expected to continue and next target...

“Junk” Is Hot Again — Despite Warning Signs

by ForexCycle.com | August 1, 2020 8:49 am
By Elliott Wave International The demand for junk bonds is running high among global investors — again. As the Wall Street Journal noted on June 9: Europe’s riskiest corporate debt has rallied to pre-crisis levels. Elliott Wave...

$OR: Giant of Cosmetics l’Oréal Remains Strong During Lockdown

by elliottwave-forecast.com | July 31, 2020 3:21 pm
L’Oréal S.A. is the world largest cosmetics and beauty company. Headquartered in Clichy, France, the field of activities concentrates on skin care, hair color, perfume, make-up, hair care, sun protection etc.  L’Oréal is a part of Euro...

Elliott Wave View: Nasdaq Attempting for New Record

by elliottwave-forecast.com | July 31, 2020 3:18 pm
Nasdaq (NQ_F) 1 hour chart below shows that the Index has ended the correction from July 13 all-time high. The pullback unfolded as a flat Elliott Wave Structure.  From July 13 high, wave (A) ended at 10358.75 low....

Bitcoin Entered Wave Four And Offered Buying Opportunity

by elliottwave-forecast.com | July 30, 2020 4:08 pm
In this technical blog, we are going to take a look at the past performance of the 1 hour Elliott wave charts of Bitcoin ticker symbol: $BTCUSD. In which, the rally from June 27, 2020 low ( $8830)...

CHFJPY Incomplete Sequence Targeting Higher

by elliottwave-forecast.com | July 30, 2020 4:07 pm
In this blog, we are going to take a look at the Elliott Wave chart of CHFJPY. The Daily chart update below shows that the pair has continued to extend higher from October 4, 2019 low. Up...