AUDUSD Daily Analysis – August 2, 2018

by ForexCycle.com | August 2, 2018 3:50 am
AUDUSD moved sideways in a trading range between 0.7310 and 0.7483. Another fall towards 0.7330 would likely be seen in the coming days. Resistance is at the falling trend line on the 4-hour chart, a clear break...

GBPUSD Daily Analysis – August 2, 2018

by ForexCycle.com | August 2, 2018 3:50 am
GBPUSD continued its sideways movement in a trading range between 1.3070 and 1.3213. Key support is at 1.3070, as long as this level holds, the sideways movement could be treated as consolidation for the uptrend from 1.2957...

EURUSD Daily Analysis – August 2, 2018

by ForexCycle.com | August 2, 2018 3:50 am
EURUSD moved sideways in a triangle pattern on the 4-hour chart. The triangle pattern is likely consolidation for the downtrend from 1.2555 (Feb 16 high), a breakdown below the bottom support trend line of the triangle pattern...

Nifty Elliott Wave Analysis: Rallying Higher As Impulse

by elliottwave-forecast.com | August 1, 2018 2:48 pm
Nifty Elliott wave analysis suggests that the rally to 11171.55 high ended primary wave ((3)). Down from there, the decline to 9951.9 low ended primary wave ((4)) pullback. The internals of that pullback unfolded as Elliott wave double three structure with...

USDCAD Daily Analysis – August 1, 2018

by ForexCycle.com | August 1, 2018 3:58 am
USDCAD extended its downside movement from 1.3289 to as low as 1.2981. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...

USDJPY Daily Analysis – August 1, 2018

by ForexCycle.com | August 1, 2018 3:56 am
USDJPY broke above 111.54 resistance, suggesting that the downside movement from 113.17 had completed at 110.58 already. Further rally is still possible and next target would be at 112.40 area. Support is at 111.25, only break below...

AUDUSD Daily Analysis – August 1, 2018

by ForexCycle.com | August 1, 2018 3:56 am
AUDUSD continued its sideways movement in a trading range between 0.7310 and 0.7483. Another fall towards 0.7330 is possible in the coming days. Resistance is at the falling trend line on the 4-hour chart, a clear break...

GBPUSD Daily Analysis – August 1, 2018

by ForexCycle.com | August 1, 2018 3:55 am
GBPUSD moved sideways in a trading range between 1.3070 and 1.3213. As long as 1.3070 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.2957 and another rise towards 1.3300 could be...

EURUSD Daily Analysis – August 1, 2018

by ForexCycle.com | August 1, 2018 3:55 am
EURUSD continued its sideways movement in a triangle pattern on its 4-hour chart. Resistance is at the top trend line of the pattern, a clear break above could take the price to 1.1900 area, followed by 1.2000....

SPX Elliott Wave Analysis: Buying Opportunity Soon

by elliottwave-forecast.com | July 31, 2018 11:38 am
SPX Short-term Elliott Wave analysis suggests that the pullback to $2691.80 low on 6.28.2018 ended intermediate wave (2). Above from there, the rally higher to $2848.03 peak ended Minor wave 1. The internals of that rally higher took the form...