AUDUSD Daily Analysis – February 28, 2020

by ForexCycle.com | February 28, 2020 1:42 am
AUDUSD stays in a bearish price channel on the 4-hour chart chart and remains in the downtrend from 0.6749. As long as the channel resistance holds, the downside movement could be expected to continue and next target...

GBPUSD Daily Analysis – February 28, 2020

by ForexCycle.com | February 28, 2020 1:40 am
GBPUSD is facing 1.2848 support, a breakdown below this level would confirm that the downtrend from 1.3209 has resumed, then next target would be at 1.2750 area. Near term resistance is at 1.2950, only break above this...

EURUSD Daily Analysis – February 28, 2020

by ForexCycle.com | February 28, 2020 1:38 am
EURUSD extended its upside movement from 1.0778 to as high as 1.1006. Further rise is still possible after a minor consolidation and next target would be at 1.1050 area. Near term support is at 1.0950, a break...

Elliott Wave View: S&P Futures ($ES_F) Downside Target

by elliottwave-forecast.com | February 27, 2020 4:40 pm
Short term Elliott Wave view in E-mini S&P 500 (ES_F) suggests the Index ended the cycle up from June 3, 2019 low in wave ((3)) at 3397.50 high. The index is correcting that cycle in wave ((4))...

USDCAD Daily Analysis – February 27, 2020

by ForexCycle.com | February 27, 2020 1:47 am
USDCAD extended its upside movement from 1.3201 to as high as 1.3346, breaking above 1.3328 resistance. Further rise could be expected after a minor consolidation and next target would be at 1.3400 area. Support is located at...

USDJPY Daily Analysis – February 27, 2020

by ForexCycle.com | February 27, 2020 1:45 am
USDJPY remains in the downtrend from 112.22, the bounce from 109.88 is likely consolidation for the downtrend. As long as 111.04 resistance holds, the downtrend could be expected to continue and next target would be at 109.60,...

AUDUSD Daily Analysis – February 27, 2020

by ForexCycle.com | February 27, 2020 1:44 am
AUDUSD broke below 0.6585 support and extended its downside movement from 0.6749 to as low as 0.6542. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be...

GBPUSD Daily Analysis – February 27, 2020

by ForexCycle.com | February 27, 2020 1:41 am
GBPUSD broke below the bottom of the rising price channel on the 4-hour chart, suggesting that the downtrend from 1.3209 has resumed. Further decline could be expected and next target would be at 1.2850, followed by 1.2800....

EURUSD Daily Analysis – February 27, 2020

by ForexCycle.com | February 27, 2020 1:40 am
EURUSD broke above the resistance of the falling price channel on the 4-hour chart, suggesting that the downside movement from 1.1239 (Dec 31, 2019 high) had completed at 1.0778 already. Further rally would likely be seen and...

Beyond Meat Inc (NASDAQ: BYND) – Starting an Impulsive Cycle

by elliottwave-forecast.com | February 26, 2020 4:28 pm
Beyond Meat Inc (NASDAQ: BYND) is a producer of plant-based meat substitutes including products designed to simulate chicken, beef, and pork sausage. After IPO, BYND surged 250% for 3 months then it came down erasing all gains and settling around 15% on December...