Newmont Corporation (NYSE: NEM) – Impulsive Bullish Structure

by elliottwave-forecast.com | May 5, 2020 3:42 pm
Newmont Corporation (NYSE: NEM) is the world’s largest Gold mining company. Since the major low in the precious metal back in 2015 around $1050, many mining stocks rallied significantly and managed to outperform shining metals. If we take...

USDCAD Daily Analysis – May 5, 2020

by ForexCycle.com | May 5, 2020 2:34 am
USDCAD remains in the uptrend from 1.3849, the pullback from 1.4151 is likely consolidation for the uptrend. Range trading between 1.4045 and 1.4151 would likely be seen in a couple of days. As long as 1.4045 support...

USDJPY Daily Analysis – May 5, 2020

by ForexCycle.com | May 5, 2020 2:33 am
USDJPY stays in a falling price channel on the 4-hour chart and remains in the downtrend from 109.38. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...

AUDUSD Daily Analysis – May 5, 2020

by ForexCycle.com | May 5, 2020 2:32 am
AUDUSD is now in the downtrend from 0.6569. Further decline would likely be seen after consolidation and next target would be at 0.6250 area. Resistance is at 0.6500, only break above this level could trigger another rise...

GBPUSD Daily Analysis – May 5, 2020

by ForexCycle.com | May 5, 2020 2:31 am
GBPUSD is now in the downtrend from 1.2642. Further decline would likely be seen after a minor consolidation and next target would be at 1.2200 area. Near term resistance is at 1.2540, only break above this level...

EURUSD Daily Analysis – May 5, 2020

by ForexCycle.com | May 5, 2020 2:30 am
EURUSD is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.1018 could be treated as consolidation for the uptrend from 1.0727 and...

NFLX Ended 5 Waves Up In From The 290.47 Low

by elliottwave-forecast.com | May 4, 2020 4:19 pm
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of NETFLIX (NFLX) stock, published in members area of the website.  As our members know, NETFLIX made New...

USDCAD : Trading the Breakout Lower

by elliottwave-forecast.com | May 4, 2020 4:18 pm
USDCAD Technical Analysis On April 27/2020 I posted on social media (Stocktwits/Twitter) @AidanFX  “USDCAD Still possible the pair can extend lower below 1.4000. Possible momentum breakout lower at 1.4038” USDCAD 1 Hour Chart April 27.2020 : The chart below...

USDJPY : Calling the April 2020 Move Lower

by elliottwave-forecast.com | May 4, 2020 4:17 pm
USDJPY Technical Analysis  On April 8/2020 I posted on social media (Stocktwits/Twitter) @AidanFX  “USDJPY Break below 108.60 can push the pair lower towards 108 area” USDJPY 1 Hour Chart April 9.2020 : The chart below was also posted...

USDCAD Daily Analysis – May 4, 2020

by ForexCycle.com | May 4, 2020 1:33 am
USDCAD extended its upside movement from 1.3849 to as high as 1.4151. Further rise would likely be seen and next target would be at 1.4264 resistance. Near term support is at 1.4045, a breakdown below this level...