EURUSD Daily Analysis – August 6, 2018

by ForexCycle.com | August 6, 2018 2:11 am
EURUSD broke below the bottom support trend line of the triangle pattern on its 4-hour chart. Further decline towards 1.1500 could be expected in the coming days. Resistance is at 1.1650, only a break of this level...

USDCAD Weekly Analysis – August 5, 2018

by ForexCycle.com | August 5, 2018 6:27 am
USDCAD’s downside movement from 1.3385 extended to as low as 1.2967. Further decline is still possible in a couple of weeks and next target would be at bottom support trend line of the rising price channel on...

USDJPY Weekly Analysis – August 5, 2018

by ForexCycle.com | August 5, 2018 6:27 am
USDJPY stays above a rising trend line on the daily chart and remains in the uptrend from 104.63. As long as the trend line support holds, the upside movement could be expected to continue and next target...

AUDUSD Weekly Analysis – August 5, 2018

by ForexCycle.com | August 5, 2018 6:26 am
AUDUSD moved sideways in a trading range between 0.7310 and 0.7483. As long as the price is below the falling trend line on the daily chart, the sideways movement could be treated as consolidation of the downtrend...

GBPUSD Weekly Analysis – August 5, 2018

by ForexCycle.com | August 5, 2018 6:26 am
GBPUSD is facing 1.2957 support, a breakdown below this level could take the price to 1.2750 area. Near term resistance is at the top trend line of the price channel on the daily chart, as long as...

EURUSD Weekly Analysis – August 5, 2018

by ForexCycle.com | August 5, 2018 6:25 am
EURUSD continued its sideways movement in a trading range between 1.1508 and 1.1851, and is now facing 1.1508 support. A breakthrough this level could trigger further downside movement towards 1.1400. Key resistance is at 1.1851, only break...

NASDAQ Elliott Wave Analysis: Ready To Rally Higher?

by elliottwave-forecast.com | August 3, 2018 10:46 am
NASDAQ futures: ticker symbol NQ_F short-term Elliott wave analysis suggests that the decline to $7167.37 low ended intermediate wave (2) pullback. The internals of that pullback unfolded as Elliott Wave Flat correction where Minor wave A ended at $7311.50 low. Above...

USDCAD Daily Analysis – August 3, 2018

by ForexCycle.com | August 3, 2018 2:20 am
USDCAD remains in the downtrend from 1.3289. As long as the price is below the falling trend line on the 4-hour chart, the bounce from 1.2975 could be treated as consolidation for the downtrend, and another fall...

USDJPY Daily Analysis – August 3, 2018

by ForexCycle.com | August 3, 2018 2:19 am
USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 110.58. As long as the channel support holds, the uptrend could be expected to continue and next target would be...

AUDUSD Daily Analysis – August 3, 2018

by ForexCycle.com | August 3, 2018 2:19 am
AUDUSD’s fall from 0.7464 extended to as low as 0.7355. Deeper decline is still possible and next target would be at 0.7300 area. Resistance is at 0.7400, only break above this level could take the price back...