AUDUSD Daily Analysis – February 24, 2020

by ForexCycle.com | February 24, 2020 3:11 am
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.6749. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...

GBPUSD Daily Analysis – February 24, 2020

by ForexCycle.com | February 24, 2020 3:10 am
GBPUSD broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 1.3069 had completed at 1.2848 already. Further rally would likely be seen and next target would be at 1.3040 area....

EURUSD Daily Analysis – February 24, 2020

by ForexCycle.com | February 24, 2020 3:08 am
EURUSD broke above 1.0821 resistance, suggesting that the downside movement from 1.1095 had completed at 1.0778 already. Range trading between 1.0778 and 1.0900 would likely be seen over the next several days. Support is at 1.0778, only...

USDCAD Weekly Analysis – February 23, 2020

by ForexCycle.com | February 23, 2020 10:54 am
USDCAD failed to break above the falling price channel on the daily chart and pulled back from 1.3328. Another fall towards 1.2900 would likely be seen over the next several weeks. Resistance is at 1.3328, a break...

USDJPY Weekly Analysis – February 23, 2020

by ForexCycle.com | February 23, 2020 10:53 am
USDJPY broke above the rising price channel on the daily chart and extended its upside movement from 104.44 to as high as 112.22. Further rise would likely be seen after a minor consolidation and next target would...

AUDUSD Weekly Analysis – February 23, 2020

by ForexCycle.com | February 23, 2020 10:52 am
AUDUSD extended its downside movement from 0.7031 to as low as 0.6585. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next...

GBPUSD Weekly Analysis – February 23, 2020

by ForexCycle.com | February 23, 2020 10:51 am
GBPUSD extended its downside movement from 1.3514 to as low as 1.2848. As long as the price is in the falling price channel on the daily chart, the downside movement could be expected continue and next target...

EURUSD Weekly Analysis – February 23, 2020

by ForexCycle.com | February 23, 2020 10:50 am
EURUSD stays in a bearish price channel on the daily chart and remains in the downtrend from 1.1239. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...

Junk Bonds: 2 “Golden” Junctures

by ForexCycle.com | February 21, 2020 10:05 pm
By Elliott Wave International The Golden Ratio — 1.618 or .618 — is ubiquitous throughout nature. You’ll find this mathematical proportion in the shapes of galaxies, sea horses, pine cones, the arrangement of seeds on a sunflower...

Elliott Wave View: Virgin Galactic ($SPCE) Extending The Impulse

by elliottwave-forecast.com | February 21, 2020 5:30 pm
Virgin Galactic ($SPCE) has had an impressive rally after setting all time lows after its IPO in the fall of 2019 and continues to impress as it extends the rally in a wave ((3)) impulse.  Up from...