USDCAD Daily Analysis – October 31, 2017

by ForexCycle.com | October 31, 2017 4:20 am
USDCAD remains in the uptrend from 1.2450, the fall from 1.2916 is likely consolidation of the uptrend. Near term support is at the bullish trend line on the 4-hour chart, followed by 1.2780. As long as the...

USDJPY Daily Analysis – October 31, 2017

by ForexCycle.com | October 31, 2017 4:20 am
USDJPY broke below the bullish trend line on the 4-hour chart, suggesting that the uptrend from 111.65 had completed at 114.45 already. Further decline could be expected in the coming days and next target would be at...

AUDUSD Daily Analysis – October 31, 2017

by ForexCycle.com | October 31, 2017 4:19 am
AUDUSD broke above the bearish trend line on the 4-hour chart, indicating that consolidation for the downtrend from 0.7897 is underway. Range trading between 0.7624 and 0.7718 would likely be seen in a couple of days. As...

GBPUSD Daily Analysis – October 31, 2017

by ForexCycle.com | October 31, 2017 4:18 am
GBPUSD failed to break below 1.3027 support and stayed in a trading range between 1.3027 and 1.3337. The price action in the range is likely consolidation of the downtrend from 1.3657, a breakdown below 1.3027 support could...

EURUSD Daily Analysis – October 31, 2017

by ForexCycle.com | October 31, 2017 4:18 am
EURUSD remains in downtrend from 1.1879, the rise from 1.1574 is likely consolidation of the downtrend. Further decline towards the resistance-turned-support trend line on the weekly chart is still possible after the consolidation. Resistance levels are at...

Is Trump’s Tax Reform Bullish for Equities?

by elliottwave-forecast.com | October 30, 2017 11:34 am
The tax reform is perhaps the single most important agenda for Republicans. The consequence for falling short of the tax overhaul is dire. Should Republicans fail to deliver the tax reform, they could face rout in the mid-term elections...

Gold Price Moved In Price Channel On 4-hour Chart

by ForexCycle.com | October 30, 2017 9:07 am
XAUUSD moved within a bearish price channel on its 4-hour chart, indicating that the price remains in the downtrend from 1305.98. Near term resistance is at the top of the channel now at around 1278.50. As long...

USDCAD Daily Analysis – October 30, 2017

by ForexCycle.com | October 30, 2017 12:06 am
USDCAD stays above a bullish trend line on the 4-hour chart, and remains in the uptrend from 1.2450. As long as the price is above the trend line, the fall from 1.2916 could be treated as consolidation...

USDJPY Daily Analysis – October 30, 2017

by ForexCycle.com | October 30, 2017 12:05 am
USDJPY continued its upside movement from 111.65 and the rise extended to as high as 114.45. As long as the price is above the rising trend line on the 4-hour chart, the uptrend could be expected to...