USDCAD Daily Analysis – January 4, 2019

by ForexCycle.com | January 4, 2019 2:38 am
USDCAD broke below the bottom of the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.3253 had completed at 1.3664 already. Further decline could be expected and next target would be at...

USDJPY Daily Analysis – January 4, 2019

by ForexCycle.com | January 4, 2019 2:37 am
USDJPY remains in the downtrend from 113.70. As long as the price is below the falling trend line on the 4-hour chart, the bounce from 105.05 could be treated as consolidation for the downtrend, and another fall...

AUDUSD Daily Analysis – January 4, 2019

by ForexCycle.com | January 4, 2019 2:36 am
AUDUSD is facing the resistance of the bearish trend line on the 4-hour chart. A break of the trend line resistance would confirm that the downside movement from 0.7393 had completed at 0.6765 already, then next target...

GBPUSD Daily Analysis – January 4, 2019

by ForexCycle.com | January 4, 2019 2:35 am
GBPUSD broke above 1.2640 resistance, suggesting that the downside movement from 1.2814 had completed at 1.2396 already. Further rally could be expected in a couple of days and next target would be at 1.2800 area. Near term...

EURUSD Daily Analysis – January 4, 2019

by ForexCycle.com | January 4, 2019 2:34 am
EURUSD broke above 1.1400 resistance, suggesting that the short term downtrend from 1.1496 had completed at 1.1303 already. Another rise towards 1.1500 could be expected in the coming days. Support is now at 1.1303, below this level...

Elliott Wave Analysis: Further Downside Expected in GBPUSD

by elliottwave-forecast.com | January 3, 2019 9:14 pm
Short term Elliott Wave view in GBPUSD shows that rally to 1.2816 ended Intermediate wave (4). Internal of that rally unfolded as a triple three Elliott Wave structure. Minor wave W ended at 1..2687, Minor wave X...

ROKU ElliottWave Corrective Structure Suggesting a Recovery

by elliottwave-forecast.com | January 3, 2019 9:14 pm
ROKU investors had great hopes for 2018 as the streaming TV platform continued it outstanding growth in addition to its stock price surging to new all time highs. However in just 3 months, the stock erased all gains...

Bullish Outlook in Euro Cross

by elliottwave-forecast.com | January 3, 2019 9:14 pm
Six years ago in 2012, Euro zone was in the midst of crisis, with bailouts of Greece pushing the Euro to the verge of a collapse. Peripheral European countries like Greece, Portugal, Italy were unable to sell...

USDCAD Daily Analysis – January 3, 2019

by ForexCycle.com | January 3, 2019 3:09 am
USDCAD remains in the uptrend from 1.3253. As long as the price is in the bullish price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3700...

USDJPY Daily Analysis – January 3, 2019

by ForexCycle.com | January 3, 2019 3:07 am
USDJPY stays below a falling trend line on its 4-hour chart and remains in the downtrend from 113.70. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...