EURUSD Daily Analysis – December 5, 2018

by ForexCycle.com | December 5, 2018 3:36 am
EURUSD failed in its attempt to breakout of the upper line of the triangle pattern on the 4-hour chart and pulled back from 1.1418. Deeper decline towards the bottom support trend line of the pattern is possible...

Elliott Wave View favoring more upside in NIFTY

by elliottwave-forecast.com | December 4, 2018 7:52 pm
NIFTY is showing an incomplete sequence to the upside in the short term, favoring more upside while above 11/26 low (10487.1). Near term, cycle from 10/26 low (10004) remains in progress as a zigzag Elliott Wave structure....

MSFT: In the Race for World’s Most Valuable Firm

by elliottwave-forecast.com | December 4, 2018 7:32 pm
(RTTNews) – Microsoft Corp. (MSFT) has unseated Apple Inc. (AAPL) to rank as the world’s most valuable listed company. The software giant ended Friday with a market value of more than $851 billion compared with Apple’s $847...

USDCAD Daily Analysis – December 4, 2018

by ForexCycle.com | December 4, 2018 3:11 am
USDCAD broke below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the upside movement from 1.2782 (Oct 1 low) had completed at 1.3359 already. Further decline could be expected in...

USDJPY Daily Analysis – December 4, 2018

by ForexCycle.com | December 4, 2018 3:10 am
USDJPY is facing 113.19 support, a breakdown below this level would confirm that the upside movement from 112.30 had completed at 114.03 already, then deeper decline towards 112.50 could be seen. Near term resistance is at 113.82,...

AUDUSD Daily Analysis – December 4, 2018

by ForexCycle.com | December 4, 2018 3:10 am
AUDUSD stays in a bullish trend line on the 4-hour chart and remains in the uptrend from 0.7199. As long as the price is above the trend line, the pullback from 0.7393 could be treated as consolidation...

GBPUSD Daily Analysis – December 4, 2018

by ForexCycle.com | December 4, 2018 3:09 am
GBPUSD extended its downside movement from 1.3174 to as low as 1.2698, facing the 1.2695 support, below this level could trigger further downside movement towards 1.2500. Resistance is located at the bearish trend line on the 4-hour...

EURUSD Daily Analysis – December 4, 2018

by ForexCycle.com | December 4, 2018 3:09 am
EURUSD is forming a triangle pattern on the 4-hour chart. Another rise towards the upper trend line of the pattern is possible in a couple of days, a breakout of the this trend line could take the...

Micron Technology (MU) – Reversal Around the Corner

by elliottwave-forecast.com | December 3, 2018 10:32 am
In the recent 2 years, Micron Technology (NASDAQ: MU) Investors were in the sky as the stock gained +500% in value since 2016 lows. The global corporation is one of largest semiconductor producer in USA behind giants like Intel &...