EURUSD Daily Analysis – April 4, 2018

by ForexCycle.com | April 4, 2018 2:10 am
EURUSD extended its downside movement from 1.2476 to as low as 1.2253, facing 1.2239 support. A breakdown below this level could take price to next support level at 1.2155. Resistance is at 1.2345, only a break of...

SPX Elliott Wave View: Further Weaknesses Likely

by elliottwave-forecast.com | April 3, 2018 2:59 pm
SPX Elliott Wave view suggests rally to 2801.90 on 3/13/2018 ended Primary wave ((X)). Decline from there is unfolding as a double three Elliott Wave structure where Intermediate wave (W) ended at 2585.89 and Intermediate wave (X) ended at 2674.22....

USDCAD Daily Analysis – April 2, 2018

by ForexCycle.com | April 2, 2018 3:53 am
USDCAD continued its sideways movement in a trading range between 1.2814 and 1.2948. The key resistance is at 1.2948, a breakout of this level would confirm that the downside movement from 1.3124 had completed at 1.2814 already,...

USDJPY Daily Analysis – April 2, 2018

by ForexCycle.com | April 2, 2018 3:52 am
USDJPY failed to break above 107.29 resistance and pulled back from 107.01. However, another rise to test 107.29 resistance is possible and a breakout of this level could take price to next resistance level at 107.90. Support...

AUDUSD Daily Analysis – April 2, 2018

by ForexCycle.com | April 2, 2018 3:52 am
AUDUSD remains in the downtrend from 0.7916, the bounce from 0.7642 could be treated as consolidation for the downtrend. Another fall could be expected after the consolidation and next target would be at 0.7600 area. Resistance is...

GBPUSD Daily Analysis – April 2, 2018

by ForexCycle.com | April 2, 2018 3:51 am
GBPUSD broke below the bottom of the price channel on the 4-hour chart and is now in the downtrend from 1.4244. Further decline could be expected in a couple of days and next target would be at...

EURUSD Daily Analysis – April 2, 2018

by ForexCycle.com | April 2, 2018 3:51 am
EURUSD remains in the short term downtrend from 1.2476. Further decline to test 1.2239 support would likely be seen. A breakdown below this level could take price to next support level at 1.2155. Resistance is at 1.2360,...

USDCAD Weekly Analysis – April 1, 2018

by ForexCycle.com | April 1, 2018 4:37 am
USDCAD is facing 1.2803 support. A breakdown below this level would indicate that the upside movement from 1.2248 had completed at 1.3124 already, then the pair would find next support level at 1.2650, followed by 1.2350. On...

USDJPY Weekly Analysis – April 1, 2018

by ForexCycle.com | April 1, 2018 4:37 am
USDJPY moved sideways in a trading range between 104.63 and 107.90. As long as 107.90 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 114.73 and another fall towards 102.00 is still...

AUDUSD Weekly Analysis – April 1, 2018

by ForexCycle.com | April 1, 2018 4:36 am
AUDUSD extended its downside movement from 0.8135 to as low as 0.7642. Further decline is still possible after a minor consolidation and next target would be at 0.7500 area. Near term resistance is at 0.7785, a break...