USDCAD Daily Analysis – January 31, 2020

by ForexCycle.com | January 31, 2020 2:51 am
USDCAD’s upside movement from 1.3035 extended to as high as 1.3226. Further rise is still possible and next target would be at 1.3250 area. Support is at 1.3153, a breakdown below this level could bring the price...

USDJPY Daily Analysis – January 31, 2020

by ForexCycle.com | January 31, 2020 2:50 am
USDJPY extended its downside movement from 110.28 to as low as 108.58. As long as 109.26 resistance holds, the downside movement could be expected to continue and next target would be at 108.00 area. On the upside,...

AUDUSD Daily Analysis – January 31, 2020

by ForexCycle.com | January 31, 2020 2:49 am
AUDUSD’s downside movement from 0.6933 extended to as low as 0.6699. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next target...

GBPUSD Daily Analysis – January 31, 2020

by ForexCycle.com | January 31, 2020 2:48 am
GBPUSD formed a triangle pattern on the 4-hour chart. A break of the upper border of the pattern could take the price to next resistance level at 1.3280, followed by 1.3400. On the downside, a breakdown below...

EURUSD Daily Analysis – January 31, 2020

by ForexCycle.com | January 31, 2020 2:46 am
EURUSD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.0992 could be treated as consolidation for the downtrend from 1.1172, another...

Nvidia Corp (NVDA) Within Powerful Wave ((III)

by elliottwave-forecast.com | January 30, 2020 5:28 pm
Nvidia is one of those instrument across the market which has ended the Grand super cycle since the all-time low. The advance since the all-time low appears impulse or five waves advance which ended on 10.01.2018. As...

IYR Elliott Wave View: Buying The Wave 2 Pullback

by elliottwave-forecast.com | January 30, 2020 5:25 pm
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave Charts of IYR, which we presented to members at elliottwave-forecast. In which, the rally from 16 December...

Elliott Wave View: Silver Has Scope for More Downside

by elliottwave-forecast.com | January 30, 2020 5:24 pm
Elliott wave view in Silver (ticker: XAGUSD) suggests that the sequence from January 8, 2020 high remains incomplete. As such, the metal still has scope to see more downside to reach the 100 – 123.6% Fibonacci extension...