EURUSD Daily Analysis – February 28, 2019

by ForexCycle.com | February 28, 2019 5:05 am
EURUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.1234. As long as the trend line support holds, the uptrend could be expected to continue and next target would...

Union Pacific Railroad (NYSE:UNP) – Bullish Sequence Calling Higher

by elliottwave-forecast.com | February 27, 2019 8:43 pm
Union Pacific Railroad (NYSE:UNP) is a publicly-traded railroad holding company that was established in 1969 . Last year, revenues grew to $22.8 billion, while earnings was up in mid-single-digits to $10.8 billion. Revenue growth was led by...

Soybean Futures (ZS_F) Analysis : Found Buyers in Blue Box

by elliottwave-forecast.com | February 27, 2019 8:42 pm
Hello fellow traders. Today, I want to share some Elliott Wave charts of Soybean (ZS_F) which we presented to our members in the past. Below, you see the 1-hour updated chart presented to our clients on the 02/20/19....

OIL ($CL_F) Elliott Wave Forecasting The Rally

by elliottwave-forecast.com | February 27, 2019 8:42 pm
Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of OIL. As our members know we were calling for further strength in OIL lately. Pull back against...

USDCAD Daily Analysis – February 27, 2019

by ForexCycle.com | February 27, 2019 2:17 am
USDCAD moved sideways in a trading range between 1.3112 and 1.3241. As long as 1.3241 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3339, further decline towards 1.3000 is still possible...

USDJPY Daily Analysis – February 27, 2019

by ForexCycle.com | February 27, 2019 2:16 am
USDJPY remains in the uptrend from 108.49, the price action from 111.12 is likely consolidation for the uptrend. As long as 110.25 support holds, the upside movement could be expected to continue and next target would be...

AUDUSD Daily Analysis – February 27, 2019

by ForexCycle.com | February 27, 2019 2:15 am
AUDUSD is facing 0.7206 resistance, a break of this level would indicate that the uptrend from 0.7054 has resumed then further rise towards 0.7300 could be seen. Near term support is at 0.7140, a breakdown below this...

GBPUSD Daily Analysis – February 27, 2019

by ForexCycle.com | February 27, 2019 2:14 am
GBPUSD extended its upside movement from 1.2772 to as high as 1.3287, breaking above 1.3217 resistance. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected...

EURUSD Daily Analysis – February 27, 2019

by ForexCycle.com | February 27, 2019 2:14 am
EURUSD broke above 1.1371 resistance, suggesting that the upside movement from 1.1234 has resumed. Further rise could be expected in a couple of days, and next target would be at 1.1450 area. Support is at the rising...

Elliott Wave View: Downside Pressure in EURGBP

by elliottwave-forecast.com | February 26, 2019 9:36 pm
EURGBP shows a sequence of lower low from August 29, 2017 high, suggesting further downside is likely. The bounce to 0.9105 on January 3, 2019 high ended wave (2). From there, pair declines as a double three...