AUDUSD Daily Analysis – March 11, 2020

by ForexCycle.com | March 11, 2020 3:09 am
AUDUSD remains in the uptrend from 0.6311, the pullback from 0.6684 would possibly be corrective consolidation for the uptrend. As long as 0.6450 support holds, the upside movement could be expected to resume, a breakout of 0.6560...

GBPUSD Daily Analysis – March 11, 2020

by ForexCycle.com | March 11, 2020 3:07 am
GBPUSD broke below the bottom of the price channel on the 4-hour chart, suggesting that the upside movement from 1.2725 had completed at 1.3199 already. Further decline is still possible and next target would be at 1.2750...

EURUSD Daily Analysis – March 11, 2020

by ForexCycle.com | March 11, 2020 3:07 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 1.1496 could be treated as consolidation for the uptrend from 1.0778, and...

Elliott Wave View: Nike Rally Expected to Fail

by elliottwave-forecast.com | March 10, 2020 4:23 pm
Nike (Ticker: NKE) shows an incomplete sequence from January 22, 2020 high suggesting further downside is likely. The decline from January 22 high is unfolding as a double three Elliott Wave structure where wave ((W)) ended at...

EURJPY Incomplete Bearish Sequences Calling The Decline

by elliottwave-forecast.com | March 10, 2020 4:21 pm
In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURJPY, published in members area of the website. As our members know, recently we were calling the decline in EUJPY...

USDCAD Daily Analysis – March 10, 2020

by ForexCycle.com | March 10, 2020 3:45 am
USDCAD is in consolidation for the uptrend from 1.3201. Range trading between 1.3516 and 1.3759 would likely be seen in a couple of days. As long as 1.3516 support holds, the uptrend could be expected to resume...

USDJPY Daily Analysis – March 10, 2020

by ForexCycle.com | March 10, 2020 3:43 am
USDJPY is in consolidation for the downtrend from 112.22. Range trading between 101.17 and 105.00 would likely be seen in a couple of days. As long as the price is below the falling trend line on the...

AUDUSD Daily Analysis – March 10, 2020

by ForexCycle.com | March 10, 2020 3:41 am
AUDUSD is now in the uptrend from 0.6311, the pullback from 0.6684 is likely corrective consolidation for the uptrend. Range trading between 0.6450 and 0.6684 would likely be seen in a couple of days, a breakout of...

GBPUSD Daily Analysis – March 10, 2020

by ForexCycle.com | March 10, 2020 3:40 am
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2725. As long as the channel support holds, the upside movement could be expected to continue and next target would...