This “Bullish Buzz” Reaches Highest Level in 53 Years

by ForexCycle.com | April 25, 2024 6:33 am
By Elliott Wave International Yes, there’s been a recent pickup in stock market volatility, but overall, bullish sentiment remains very much alive and well. Indeed, here’s a Feb. 18 Yahoo! Finance headline: A Bull Market is Here....

USDJPY Soars: Uptrend Confirmation or Bullish Breakout?

by ForexCycle.com | April 25, 2024 4:29 am
USDJPY has displayed a significant bullish move, potentially breaking out of a recent range. This analysis examines the technical situation and explores potential scenarios for the currency pair. USDJPY Breaches Resistance: Uptrend Confirmation and Targets: Support Levels...

AUDUSD on the Rise: Correction or Trend Reversal?

by ForexCycle.com | April 25, 2024 3:40 am
AUDUSD has displayed renewed strength, extending its recent gains. This analysis examines the technical situation and explores potential scenarios for the currency pair. AUDUSD Stages Rally: Upside Potential and Targets: Support Levels to Consider: Overall Sentiment: The...

GBPUSD Reverses Course: Downtrend Over or Bullish Correction?

by ForexCycle.com | April 25, 2024 2:56 am
GBPUSD’s recent price action indicates a potential shift in momentum. This analysis examines the technical situation and explores potential scenarios for the currency pair. GBPUSD Breaks Above Trend Line: Upside Potential and Targets: Support Levels to Consider:...

EURUSD Stages Rebound: Correction or Downtrend Pause?

by ForexCycle.com | April 24, 2024 3:22 am
EURUSD has displayed a promising sign, potentially interrupting its recent decline. This analysis examines the technical situation and explores potential scenarios for the currency pair. EURUSD Breaches Resistance: Upside Potential and Targets: Support Levels to Consider: Overall...

USDCAD Struggles: Downtrend Deepening or Temporary Dip?

by ForexCycle.com | April 23, 2024 9:31 am
USDCAD’s recent price action indicates continued weakness. This analysis examines the technical situation and explores potential scenarios for the currency pair. USDCAD Stuck in Downtrend: Downside Trajectory in Focus: Signs of a Reversal? Trend Reversal or False...

GBPUSD Under Pressure: Downtrend Confirmed or Correction Incoming?

by ForexCycle.com | April 23, 2024 8:37 am
GBPUSD’s recent price action suggests continued weakness. This analysis examines the technical situation and explores potential scenarios for the currency pair. GBPUSD Stuck in Downtrend: Downside Target in Focus: Upside Scenario: Signs of a Correction? Resistance Levels...

USDCHF in Focus: Uptrend Holding or Correction Underway?

by ForexCycle.com | April 22, 2024 1:49 am
USDCHF’s recent price action presents an interesting technical situation. This analysis examines the trend and explores potential scenarios for the currency pair. USDCHF Above Rising Trend Line: Upside Potential After Consolidation? Downtrend Scenario: Overall Sentiment: The technical...

EURUSD Stalled: Downtrend Paused or Finding New Lows?

by ForexCycle.com | April 22, 2024 1:08 am
EURUSD has been stuck in a holding pattern, neither gaining nor losing significant ground. This analysis examines the technical situation and explores potential scenarios for the currency pair. EURUSD in a Trading Range: Upside Potential or False...

3 Signs of Developing U.S. Economic Slowdown

by ForexCycle.com | April 20, 2024 12:40 am
By Elliott Wave International Recent headlines about the U.S. economy are rosy: It’s all well and good to announce positive economic news. Yet, consumers of such news may not be getting the full story. In other words,...