AUDUSD Daily Analysis – May 21, 2018

by ForexCycle.com | May 21, 2018 2:15 am
AUDUSD failed to break above 0.7566 resistance and stayed in a trading range between 0.7412 and 0.7566. As long as 0.7566 resistance holds, the price action in the range could be treated as consolidation for the downtrend...

GBPUSD Daily Analysis – May 21, 2018

by ForexCycle.com | May 21, 2018 2:14 am
GBPUSD is facing 1.3451 support. A breakdown of this level would suggest that the downside movement from 1.4376 has resumed, then next target would be at 1.3350 area. Key resistance is at 1.3617, only a breakout of...

EURUSD Daily Analysis – May 21, 2018

by ForexCycle.com | May 21, 2018 2:14 am
EURUSD remains in the downtrend from 1.1996. Further decline could be expected after a minor consolidation and next target would be at 1.1700 area. Resistance is at 1.1840, a breakout of this level would suggest that the...

USDCAD Weekly Analysis – May 20, 2018

by ForexCycle.com | May 20, 2018 1:37 pm
USDCAD is now in downtrend from 1.2997. Another fall towards the bottom of the price channel on the daily chart is possible over the next several weeks. Resistance is at 1.2997, only a breakout of this level...

USDJPY Weekly Analysis – May 20, 2018

by ForexCycle.com | May 20, 2018 1:36 pm
USDJPY stays in a rising price channel on the daily chart and remains in the uptrend from 104.63. As long as the price is in the channel, the upside movement could be expected to continue and next...

AUDUSD Weekly Analysis – May 20, 2018

by ForexCycle.com | May 20, 2018 1:36 pm
AUDUSD moved sideways in a trading range between 0.7412 and 0.7566. The sideways move is likely consolidation for the downtrend from 0.8135 and further decline to 0.7150 is possible after the consolidation. On the upside, a breakout...

GBPUSD Weekly Analysis – May 20, 2018

by ForexCycle.com | May 20, 2018 1:35 pm
No changed in our view, GBPUSD remains in the downtrend from 1.4376. As long as 1.3617 key resistance holds, the downside movement could be expected to continue and next target would be at 1.3100 area. On the...

EURUSD Weekly Analysis – May 20, 2018

by ForexCycle.com | May 20, 2018 1:35 pm
EURUSD extended its downside movement from 1.2555 to as low as 1.1749. Key resistance is now at 1.1996. As long as this level holds, the downside movement could be expected to continue and next target would be...

HFC HollyFrontier Corporation Impulsive Elliott Wave Rally

by elliottwave-forecast.com | May 17, 2018 3:05 pm
Holly Corporation and Frontier Oil merged in July 2011 to form HollyFrontier Corporation (NYSE: HFC). The company is a petroleum refiner and distributor of petroleum products, from gasoline to petroleum-based lubricants and waxes. Over the past 2...

CVR Energy CVI Showing Bullish Structure

by elliottwave-forecast.com | May 17, 2018 2:42 pm
CVR Energy (NYSE: CVI) is one of the best performing Energy stocks in the recent 2 years yielding +220% since November 2016 low. Despite the correction taking place in the stock market, CVI did manage to retrace the whole decline...