AUDUSD Daily Analysis – January 6, 2020

by ForexCycle.com | January 6, 2020 2:36 am
AUDUSD extended its downside movement from 0.7031 to as low as 0.6930. Further decline is still possible after a minor consolidation and the target would be at the rising trend line on the 4-hour chart. Near term...

GBPUSD Daily Analysis – January 6, 2020

by ForexCycle.com | January 6, 2020 2:35 am
GBPUSD’s downside movement from 1.3284 extended to as low as 1.3053. Further decline would likely be seen after a minor consolidation and next target would be at 1.2900 area. Near term resistance is at 1.3165, only break...

EURUSD Daily Analysis – January 6, 2020

by ForexCycle.com | January 6, 2020 2:34 am
EURUSD extended its downside movement from 1.1239 to as low as 1.1125. Further decline is still possible and the target would be at the rising trend line on the 4-hour chart. Near term resistance is at 1.1180,...

USDCAD Weekly Analysis – January 5, 2020

by ForexCycle.com | January 5, 2020 12:07 pm
USDCAD extended its downside movement from 1.3327 to as low as 1.2951, breaking below 1.3015 support. Further decline would likely be seen after a minor consolidation and next target would be at 1.2800 area. Near term resistance...

USDJPY Weekly Analysis – January 5, 2020

by ForexCycle.com | January 5, 2020 12:06 pm
USDJPY broke below 107.88 support, suggesting that the upside movement from 104.44 had completed at 109.72 already. Further decline would likely be seen and next target would be at 106.50 area. Near term resistance is at 108.50,...

AUDUSD Weekly Analysis – January 5, 2020

by ForexCycle.com | January 5, 2020 12:05 pm
AUDUSD is now in the uptrend from 0.6754. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next target would be at...

GBPUSD Weekly Analysis – January 5, 2020

by ForexCycle.com | January 5, 2020 12:04 pm
GBPUSD broke below the rising price channel on the daily chart, suggesting that the upside movement from 1.1958 had completed at 1.3514 already. Further decline could be expected over the next several weeks and next target would...

EURUSD Weekly Analysis – January 5, 2020

by ForexCycle.com | January 5, 2020 12:03 pm
EURUSD is now in the uptrend from 1.0981. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next target would be at...

Elliott Wave View: Soybean Impulsive Rally Favors Upside

by elliottwave-forecast.com | January 3, 2020 4:10 pm
Soybean (ZS_F) cycle from May 13, 2019 low shows an incomplete 5 swing sequence, favoring further upside to end 7 swing double zigzag structure. On the 4 hour chart below, we can see the rally to 945.4...

USDCAD Daily Analysis – January 3, 2020

by ForexCycle.com | January 3, 2020 4:23 am
USDCAD stays below a falling trend line on the 4-hour and remains in the downtrend from 1.3327. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be...