AUDUSD Daily Analysis – May 17, 2019

by ForexCycle.com | May 17, 2019 12:44 am
AUDUSD extended its downside movement from 0.7068 to as low as 0.6886. Further decline is still possible after a minor consolidation and next target would be at 0.6850 area. Near term resistance is at 0.6940, only break...

GBPUSD Daily Analysis – May 17, 2019

by ForexCycle.com | May 17, 2019 12:43 am
GBPUSD’s downside movement from 1.3176 extended to as low as 1.2787. Further decline could be expected after a minor consolidation and next target would be at 1.2700 area. Resistance is at 1.2880, a break of this level...

EURUSD Daily Analysis – May 17, 2019

by ForexCycle.com | May 17, 2019 12:43 am
EURUSD extended its downside movement from 1.1263 to as low as 1.1166. Deeper decline could be expected in a couple of days and next target would be at 1.1120 area. Resistance is at 1.1225, only break above...

Elliott Wave Analysis: Forecasting the Decline In TESLA

by elliottwave-forecast.com | May 16, 2019 4:18 pm
In this blog, I want to share with you some Elliott Wave charts of Tesla which we presented to our members earlier this month. You see the 1-hour updated chart presented to our clients on the 5/5/19. Tesla had a...

AUDJPY Elliott Wave View: Forecasting The Decline

by elliottwave-forecast.com | May 16, 2019 4:17 pm
In this technical blog, we are going to take a look at the past performance of AUDJPY 1-Hour Elliott wave Charts that we presented to our members. In which, the cycle from 4/29/2019 peak (78.93) took place...

Soybean at Risk of Further Selloff as Trade War Escalates

by elliottwave-forecast.com | May 16, 2019 4:17 pm
Summary The months-long trade negotiation between the U.S and China has failed to reach an agreement. Sticking points of the negotiation centers around intellectual property and technology transfer. The two sides can not come into agreement yet....

USDCAD Daily Analysis – May 16, 2019

by ForexCycle.com | May 16, 2019 2:51 am
USDCAD continued its sideways movement in a trading range between 1.3376 and 1.3520. The sideways movement is likely consolidation for the uptrend from 1.3274, a break out of 1.3520 resistance could take the price to 1.3600 area....

USDJPY Daily Analysis – May 16, 2019

by ForexCycle.com | May 16, 2019 2:50 am
USDJPY moved sideways in a trading range between 109.01 and 110.04. As long as 110.04 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 112.40, further decline to 108.50...

AUDUSD Daily Analysis – May 16, 2019

by ForexCycle.com | May 16, 2019 2:50 am
AUDUSD’s downside movement from 0.7068 to as low as 0.6892. Further decline could be expected after a minor consolidation and next target would be at 0.6850 area. Near term resistance is at 0.6940, a break of this...

GBPUSD Daily Analysis – May 16, 2019

by ForexCycle.com | May 16, 2019 2:49 am
GBPUSD extended its downside movement from 1.3176 to as low as 1.2825. Further decline could be expected after a minor consolidation and next target would be at 1.2750 area. Near term resistance is at 1.2900, a break...