EURUSD Daily Analysis – November 20, 2019

by ForexCycle.com | November 20, 2019 2:10 am
EURUSD remains in the uptrend from 1.0989, the pullback from 1.1090 is likely consolidation for the uptrend. As long as 1.1053 support holds, the uptrend could be expected to continue and next target would be at 1.1150...

Elliott Wave View: DAX Resumes Higher

by elliottwave-forecast.com | November 19, 2019 9:06 pm
DAX shows an incomplete Elliott Wave sequence from December 27, 2018 low favoring further upside. The rally from August 15, 2019 low (11266.48) is unfolding as an impulse Elliott Wave structure where wave 1 ended at 12814.49...

NIKKEI ( $NKD_F ) Made Bounce From The Blue Box

by elliottwave-forecast.com | November 19, 2019 9:06 pm
In this technical blog we’re going to take a quick look at the Elliott Wave charts of NIKKEI published in the membership area of the elliottwave-forecast . As our members know, NIKKEI ended cycle from the 22427 low...

The Nasdaq Tracker QQQ Long Term Cycles & Elliott Wave

by elliottwave-forecast.com | November 19, 2019 9:06 pm
The Nasdaq Tracker QQQ Long Term Cycles & Elliott Wave Firstly the QQQ instrument inception date was in March 1999. That was before it ended a larger cycle up from the all time lows in March 2000....

USDCAD Daily Analysis – November 19, 2019

by ForexCycle.com | November 19, 2019 4:29 am
USDCAD broke below 1.3212 support, suggesting that the upside movement from 1.3041 had completed at 1.3270 already. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be...

USDJPY Daily Analysis – November 19, 2019

by ForexCycle.com | November 19, 2019 4:28 am
USDJPY is now in the uptrend from 108.23, the pullback from 109.07 is likely consolidation for the uptrend. Another rise could be expected after the consolidation and next target would be at 109.48 resistance. Near term support...

AUDUSD Daily Analysis – November 19, 2019

by ForexCycle.com | November 19, 2019 4:27 am
AUDUSD is in consolidation for the downtrend from 0.6929. Range trading between 0.6769 and 0.6840 would likely be seen in the coming days. Resistance is at 0.6840, as long as this level holds, the downtrend could be...

GBPUSD Daily Analysis – November 19, 2019

by ForexCycle.com | November 19, 2019 4:26 am
GBPUSD extended its upside movement from 1.2768 to as high as 1.2985. Further rise to test 1.3012 resistance is possible in the coming days, a break of this level could signal resumption of the uptrend from 1.1958...

EURUSD Daily Analysis – November 19, 2019

by ForexCycle.com | November 19, 2019 4:25 am
EURUSD’s upside movement from 1.0989 extended to as high as 1.1090. Further rise is still possible after a minor consolidation and next target would be at 1.1150 area. Near term support is at 1.1050, a breakdown below...

USDCAD Daily Analysis – November 18, 2019

by ForexCycle.com | November 17, 2019 11:44 pm
USDCAD is facing 1.3212 support, a breakdown below this level could take the price to next support level at around 1.3160. Resistance is at 1.3270, only break above this level could trigger another rise towards 1.3300.