Market Participants Betting on Nafta Deal between US and Canada

by elliottwave-forecast.com | August 31, 2018 3:01 pm
The Canadian Dollar strengthened to a two month high against US Dollar earlier this week. Market participants seem to bet on possible inclusion of Canada in a new Nafta pact. The U.S. has just concluded a successful...

EURJPY Elliott Wave View: Ended 5 Waves Advance

by elliottwave-forecast.com | August 31, 2018 2:48 pm
EURJPY short-term Elliott wave view suggests that the decline to 124.87 low ended intermediate wave (2) pullback of a leading diagonal structure from 5/29/2018 cycle. Above from there, the rally higher is taking place as Elliott wave zigzag structure within intermediate wave (3)...

USDCAD Daily Analysis – August 31, 2018

by ForexCycle.com | August 31, 2018 3:01 am
USDCAD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.2887 could be treated as consolidation of the downtrend from 1.3174 and...

USDJPY Daily Analysis – August 31, 2018

by ForexCycle.com | August 31, 2018 3:00 am
USDJPY broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 109.77 had completed at 111.82 already. Further decline is still possible after a minor consolidation and next target would be...

AUDUSD Daily Analysis – August 31, 2018

by ForexCycle.com | August 31, 2018 3:00 am
AUDUSD is facing 0.7237 support, a breakdown below this level could take the price to next support level at 0.7200. Near term resistance is at 0.7290, only a break of this level could bring the price back...

GBPUSD Daily Analysis – August 31, 2018

by ForexCycle.com | August 31, 2018 2:59 am
GBPUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2661. As long as the trend line support holds, the upside movement could be expected to continue and next target...

EURUSD Daily Analysis – August 31, 2018

by ForexCycle.com | August 31, 2018 2:59 am
EURUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.1301 had completed at 1.1733 already. Deeper decline is still possible and next target would be at 1.1550 area. Near...

Disney DIS Bullish Sequence Looking For New All Time Highs

by elliottwave-forecast.com | August 30, 2018 2:37 pm
In the recent 3 years, Walt Disney stock price (NYSE: DIS) hovered between $120 and $90 without any real trending momentum. Last year, we looked for a potential break to new all time highs in Disney based on few...

NZDUSD Elliott Wave Analysis: Double Correction Taking Place

by elliottwave-forecast.com | August 30, 2018 2:26 pm
NZDUSD short-term elliott wave analysis suggests that the decline to 0.6543 low ended Minor wave 1. The internals of that decline unfolded as impulse structure with lesser degree Minute wave ((i)), ((iii)) & ((v)) unfolded in 5 waves structure. Above from...

What’s So “Cryptic” About Trading Cryptocurrencies?

by ForexCycle.com | August 30, 2018 4:23 am
By Elliott Wave International Here’s a cool parlor trick: If you want to bring a loud, rowdy room to a screeching silence, ask if anyone can explain how cryptocurrencies work. Cue crickets chirping. Turns out, the “crypto”...