GBPUSD Daily Analysis – November 29, 2019

by ForexCycle.com | November 29, 2019 3:33 am
GBPUSD’s short term uptrend from 1.2822 extended to as high as 1.2950. Further rise is still possible and next target would be at 1.3000 area. Near term support is at 1.2880, below this level could trigger another...

EURUSD Daily Analysis – November 29, 2019

by ForexCycle.com | November 29, 2019 3:32 am
EURUSD extended its downside movement from 1.1097 to as low as 1.0992, facing the support level at 1.0989, a breakdown below this level could trigger further downside movement towards 1.0900. Near term resistance is at 1.1030, above...

$NIKKEI Forecasting The Rally From The Blue Box

by elliottwave-forecast.com | November 28, 2019 10:21 pm
Hello fellow traders. NIKKEI has been very technical recently.  The Futures was keep finding buyers at the Equal legs- Blue Box areas.  We’re going to take a quick look at the Elliott Wave charts of NIKKEI published...

Elliott Wave View: Russell (RTY_F) Ending Wave 5

by elliottwave-forecast.com | November 28, 2019 10:21 pm
Rally in in Russell 2000 (RTY_F) from October 3, 2019 low is unfolding as 5 waves impulsive Elliott Wave structure. The chart below shows wave ((iv)) of the impulse ended at 1579.28. Index is currently within wave ((v)) before ending...

USDCAD Daily Analysis – November 28, 2019

by ForexCycle.com | November 28, 2019 1:47 am
USDCAD moved sideways in a trading range between 1.3254 and 1.3327. As long as the price is above the rising trend line on the 4-hour chart, the sideways movement could be treated as consolidation for the uptrend...

USDJPY Daily Analysis – November 28, 2019

by ForexCycle.com | November 28, 2019 1:46 am
USDJPY extended its upside movement from 108.27 to as high as 109.60, breaking above 109.48 resistance. As long as the price is in the rising channel on the 4-hour chart, the upside movement could be expected to...

AUDUSD Daily Analysis – November 28, 2019

by ForexCycle.com | November 28, 2019 1:45 am
AUDUSD extended its downside movement from 0.6834 to as low as 0.6758. As long as the channel resistance holds, the downside movement could be expected to continue and next target would be at 0.6700 area. Key resistance...

GBPUSD Daily Analysis – November 28, 2019

by ForexCycle.com | November 28, 2019 1:44 am
GBPUSD broke above the falling price channel on the 4-hour chart, suggesting that the short term downtrend from 1.2985 had completed at 1.2822 already. Further rally could be expected and next target would be at 1.3000 area....

EURUSD Daily Analysis – November 28, 2019

by ForexCycle.com | November 28, 2019 1:44 am
EURUSD is facing 1.0989 support, a breakdown below this level would indicate that the downtrend from 1.1179 has resumed, then further decline to 1.0900 area could be seen. Near term resistance is at 1.1030, above this level...

Taiwan Semiconductor (NYSE: TSM) Impulse Rally Calling More Upside

by elliottwave-forecast.com | November 27, 2019 10:11 pm
Taiwan Semiconductor Manufacturing Company (NYSE: TSM) is the world’s largest dedicated independent (pure-play) semiconductor foundry and it’s located in the Hsinchu Science and Industrial Park in Hsinchu, Taiwan. In 2018, TSM spent the year in a corrective...