AUDUSD Daily Analysis – May 8, 2020

by ForexCycle.com | May 8, 2020 1:49 am
AUDUSD broke above 0.6475 resistance, suggesting that the uptrend from 0.5507 has resumed. Further rise could be expected in the coming days and next target would be at 0.6600 area. Key support is at 0.6372, only break...

GBPUSD Daily Analysis – May 8, 2020

by ForexCycle.com | May 8, 2020 1:48 am
GBPUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.2642. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

EURUSD Daily Analysis – May 8, 2020

by ForexCycle.com | May 8, 2020 1:48 am
EURUSD broke above 1.0830 resistance, suggesting that the downside movement from 1.1018 had completed at 1.0766 already. Further rally would likely be seen in the coming days and next target would be at 1.0950 area. Support is...

Elliott Wave View: Bitcoin Ending Diagonal in Progress

by elliottwave-forecast.com | May 7, 2020 5:02 pm
Rally in Bitcoin (BTCUSD) from April 16, 2020 low is unfolding as a 5 waves impulse Elliott Waves structure. Up from April 16 low, wave 1 ended at 7306.15 and pullback in wave 2 ended at 6757.75....

$SAN : Sanofi Shows Monthly Bullish Structure

by elliottwave-forecast.com | May 7, 2020 5:00 pm
Sanofi S.A. is a French multinational pharmaceutical company being within 10 largest pharmaceutical companies in the world. Headquartered in Paris, it is a merger of Aventis and Sanofi-Synthélabo. Sanofi is a part of Euro Stoxx 50 (SX5E) and...

USDCAD Daily Analysis – May 7, 2020

by ForexCycle.com | May 7, 2020 1:08 am
USDCAD broke above 1.4151, suggesting that the uptrend from 1.3849 has resumed. Further rise could be expected in the coming days and next target would be at 1.4400 area. Near term support is at 1.4007, only break...

USDJPY Daily Analysis – May 7, 2020

by ForexCycle.com | May 7, 2020 1:07 am
USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 109.38. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

AUDUSD Daily Analysis – May 7, 2020

by ForexCycle.com | May 7, 2020 1:06 am
No changed in our view, AUDUSD remains in the downtrend from 0.6569, the price action from 0.6372 is likely consolidation for the downtrend. A breakdown below 0.6372 support would indicate that the downtrend has resumed, then next...

GBPUSD Daily Analysis – May 7, 2020

by ForexCycle.com | May 7, 2020 1:05 am
GBPUSD extended its downside movement from 1.2642 to as low as 1.2320. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...

EURUSD Daily Analysis – May 7, 2020

by ForexCycle.com | May 7, 2020 1:04 am
EURUSD extended its downside movement from 1.1018 to as low as 1.0781. Further decline is still possible in a couple of days and next target would be at 1.0727 support. Near term resistance is at 1.0830, a...