$FP : Pattern of Total stock can be the key for investors

by elliottwave-forecast.com | March 31, 2020 4:07 pm
Total SA is traded under tickers $FP @ Euronext and $TOT @ NYSE. It is of particular interest today as the world indices are dropping in a straight down mode. Hereby, Total may provide clues to identify the...

EURGBP : Will the Pair Bounce Higher?

by elliottwave-forecast.com | March 31, 2020 4:06 pm
EURGBP Technical Analysis March 30/2020 EURGBP : There are clear visible bullish market patterns on the 1 hour chart but traders will still need to wait for more confirmation that a bottom will form and for price...

USDCAD Daily Analysis – March 31, 2020

by ForexCycle.com | March 31, 2020 2:58 am
USDCAD’s downside movement from 1.4667 had completed at 1.3920 already. Further rally could be expected in the coming days and next target would be at 1.4450 area. Support is at 1.3920, only break below this level could...

USDJPY Daily Analysis – March 31, 2020

by ForexCycle.com | March 31, 2020 2:57 am
USDJPY broke above 108.00 resistance, suggesting that the downside movement from 111.71 had completed at 107.12 already. Further rally would likely be seen in the coming days and next target would be at 110.00 area. Support is...

AUDUSD Daily Analysis – March 31, 2020

by ForexCycle.com | March 31, 2020 2:56 am
AUDUSD remains in the uptrend from 0.5507. As long as the price is above the rising trend line on the 4-hour chart, the pullback from 0.6199 could be treated as consolidation for the uptrend and further rise...

GBPUSD Daily Analysis – March 31, 2020

by ForexCycle.com | March 31, 2020 2:55 am
GBPUSD pulled back from 1.2485. As long as the price is above the rising trend line on the 4-hour chart, the pullback could be treated as consolidation for the uptrend from 1.1409, further rise to 1.2800 is...

EURUSD Daily Analysis – March 31, 2020

by ForexCycle.com | March 31, 2020 2:52 am
EURUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.0635. As long as the trend line support holds, the pullback from 1.1147 could be treated as consolidation for the...

$FXA Bearish Cycles From The July 2011 High 

by elliottwave-forecast.com | March 30, 2020 4:22 pm
$FXA Bearish Cycles From The July 2011 High First the FXA ETF fund is the Australian dollar tracking fund that has an inception Date of 06/21/2006.  With that said the fund mainly reflects the currency spot price of...

CADJPY May See More Downside After BOC Cut Rates

by elliottwave-forecast.com | March 30, 2020 4:21 pm
On Friday, Bank of Canada (BOC) made another rate cut for the third time this month. The central bank lowered the interest rate by 50 basis points to 0.25%. This unscheduled rate cut is intended to provide...