USDJPY Weekly Analysis – January 5, 2020

by ForexCycle.com | January 5, 2020 12:06 pm
USDJPY broke below 107.88 support, suggesting that the upside movement from 104.44 had completed at 109.72 already. Further decline would likely be seen and next target would be at 106.50 area. Near term resistance is at 108.50,...

AUDUSD Weekly Analysis – January 5, 2020

by ForexCycle.com | January 5, 2020 12:05 pm
AUDUSD is now in the uptrend from 0.6754. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next target would be at...

GBPUSD Weekly Analysis – January 5, 2020

by ForexCycle.com | January 5, 2020 12:04 pm
GBPUSD broke below the rising price channel on the daily chart, suggesting that the upside movement from 1.1958 had completed at 1.3514 already. Further decline could be expected over the next several weeks and next target would...

EURUSD Weekly Analysis – January 5, 2020

by ForexCycle.com | January 5, 2020 12:03 pm
EURUSD is now in the uptrend from 1.0981. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next target would be at...

Elliott Wave View: Soybean Impulsive Rally Favors Upside

by elliottwave-forecast.com | January 3, 2020 4:10 pm
Soybean (ZS_F) cycle from May 13, 2019 low shows an incomplete 5 swing sequence, favoring further upside to end 7 swing double zigzag structure. On the 4 hour chart below, we can see the rally to 945.4...

USDCAD Daily Analysis – January 3, 2020

by ForexCycle.com | January 3, 2020 4:23 am
USDCAD stays below a falling trend line on the 4-hour and remains in the downtrend from 1.3327. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be...

USDJPY Daily Analysis – January 3, 2020

by ForexCycle.com | January 3, 2020 4:21 am
USDJPY extended its downside movement from 109.70 to as low as 107.99, breaking below 108.42 support. Further decline could be expected in a couple of days and next target would be at 107.50 area. Key resistance is...

AUDUSD Daily Analysis – January 3, 2020

by ForexCycle.com | January 3, 2020 4:20 am
AUDUSD broke below 0.6990 support, suggesting that the upside movement from 0.6838 had completed at 0.7031 already. Further decline could be expected after a minor consolidation and the target would be at the rising trend line on...

GBPUSD Daily Analysis – January 3, 2020

by ForexCycle.com | January 3, 2020 4:14 am
GBPUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.2905 had completed at 1.3284 already. Further decline could be expected in a couple of days and next target would...

EURUSD Daily Analysis – January 3, 2020

by ForexCycle.com | January 3, 2020 4:11 am
EURUSD broke below 1.1180 support, suggesting that the upside movement from 1.1066 had completed at 1.1239 already. Deeper decline would likely be seen in a couple of days and the target would be at the rising trend...