GBPUSD Daily Analysis – May 9, 2018

by ForexCycle.com | May 9, 2018 2:12 am
GBPUSD failed to breakout of the falling trend line on its 4-hour chart, suggesting that the pair remains in the downtrend from 1.4376. Further decline could be expected and next target would be at 1.3400 area. Key...

GBPUSD Daily Analysis – May 8, 2018

by ForexCycle.com | May 8, 2018 4:12 am
GBPUSD is facing the resistance of the falling trend line on the 4-hour chart. A clear break above the trend line resistance would suggest that the downside movement from 1.4376 had completed at 1.3486 already, then the...

GBPUSD Daily Analysis – May 7, 2018

by ForexCycle.com | May 7, 2018 2:58 am
GBPUSD continued its downside movement from 1.4376 and the fall extended to as low as 1.3486. As long as the price is below the falling trend line on the 4-hour chart, the bounce from 1.3486 could be...

GBPUSD Weekly Analysis – May 6, 2018

by ForexCycle.com | May 6, 2018 8:13 am
GBPUSD broke below 1.3711 key support and extended its downside movement from 1.4376 to as low as 1.3486, suggesting that the upside movement from 1.1946 (Oct 7, 2016 low) had completed at 1.4376 already. Further decline would...

GBPUSD Daily Analysis – May 4, 2018

by ForexCycle.com | May 4, 2018 2:46 am
GBPUSD extended its downside movement from 1.4376 to as low as 1.3537. Further decline is still possible after a minor consolidation and next target would be at 1.3400 area. Resistance is located at the falling trend line...

GBPUSD Daily Analysis – May 3, 2018

by ForexCycle.com | May 3, 2018 3:42 am
GBPUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4376. As long as the price is below the trend line, the downside movement could be expected to continue and...

GBPUSD Daily Analysis – May 2, 2018

by ForexCycle.com | May 2, 2018 2:04 am
GBPUSD extended its downside movement from 1.4376 to as low as 1.3587. Further decline is still possible after a minor consolidation and next target would be at 1.3500 area. Resistance is located at the falling trend line...

GBPUSD Daily Analysis – May 1, 2018

by ForexCycle.com | May 1, 2018 2:00 am
GBPUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4376. As long as the price is below the trend line, the downside movement could be expected to continue and...

GBPUSD Weekly Analysis – April 29, 2018

by ForexCycle.com | April 29, 2018 9:11 am
GBPUSD extended its downside movement from 1.4376 to as low as 1.3747, facing the support level at 1.3711. A breakdown below this level would indicate that the upside movement from 1.1946 (Oct 7, 2016 low) had completed...

Does Elliott Wave View Suggest A Turn In FTSE Is Imminent?

by elliottwave-forecast.com | April 27, 2018 2:20 pm
Short-term Elliott Wave view in FTSE suggest that the decline to 3/26/2018 low 6866.94 ended intermediate wave (B). Above from there, Intermediate wave (C) of ((B)) remains in progress with a strong rally to the upside unfolding as Impulse Elliott Wave structure....