EURUSD Daily Analysis – May 17, 2018

by ForexCycle.com | May 17, 2018 3:21 am
EURUSD extended its downside movement from 1.1996 to as low as 1.1763. Further decline is still possible after a minor consolidation and next target would be at 1.1700 area. Near term resistance is at 1.1880, only a...

DAX Elliott Wave Analysis: Ending The Wave 3 Soon

by elliottwave-forecast.com | May 16, 2018 2:15 pm
DAX Elliott Wave view in shorter cycles suggests that the rally from March 26.2018 low (11704) is extending higher in Impulse sequence with extension in the 3rd wave. It’s important to note that an impulse structure should have internal...

EURUSD Daily Analysis – May 16, 2018

by ForexCycle.com | May 16, 2018 3:09 am
EURUSD broke below 1.1822 support, suggesting that the downtrend from 1.2413 has resumed. Further decline could be expected in a couple of days, and next target would be at 1.1700 area. Resistance levels are at 1.1900 and...

EURUSD Daily Analysis – May 15, 2018

by ForexCycle.com | May 15, 2018 4:01 am
EURUSD extended its upside movement from 1.1822 to as high as 1.1996. As long as the price is in the rising channel on the 4-hour chart, the upside movement could be expected to continue and next target...

EURUSD Weekly Analysis – May 13, 2018

by ForexCycle.com | May 13, 2018 8:27 am
EURUSD remains in the downtrend from 1.2555, the bounce from 1.1822 is likely consolidation for the downtrend. Range trading between 1.1822 and 1.2100 is possible in a couple of weeks. As long as 1.2100 resistance holds, the...

EURUSD Daily Analysis – May 11, 2018

by ForexCycle.com | May 11, 2018 1:44 am
EURUSD broke above the falling trend line on its 4-hour chart, suggesting that the downside movement from 1.2413 had completed at 1.1822 already. Further rally could be expected in the coming days and next target would be...

EURUSD Daily Analysis – May 10, 2018

by ForexCycle.com | May 10, 2018 1:26 am
EURUSD remains in the downtrend from 1.2413, the bounce from 1.1822 is likely consolidation for the downtrend. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be...

EURUSD Daily Analysis – May 9, 2018

by ForexCycle.com | May 9, 2018 2:11 am
EURUSD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.2413. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...

EURUSD Daily Analysis – May 8, 2018

by ForexCycle.com | May 8, 2018 4:12 am
EURUSD failed to break above the falling trend line on its 4-hour chart and extended its downside movement from 1.2413 to as low as 1.1897. As long as the price is below the trend line, the downside...

EURUSD Daily Analysis – May 7, 2018

by ForexCycle.com | May 7, 2018 2:57 am
EURUSD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.2413. As long as the price is below the trend line, the bounce from 1.1911 could be treated as consolidation...