EURGBP Market Analysis: Downtrend Continuation and Potential Targets

by ForexCycle.com | February 1, 2024 12:04 pm
A detailed examination of the EURGBP pair reveals its current position within a downward trend, along with key target and resistance levels ahead. Downtrend Context: Falling Price Channel The EURGBP pair continues to operate within a falling...

AUDUSD Market Update: Downside Movement Resumption

by ForexCycle.com | February 1, 2024 11:39 am
AUDUSD’s trend has taken yet another turn with a break below a notable support level: implications for the future of the AUDUSD trading range. Break Below the 0.6524 Support Level AUDUSD has managed to break below the...

USDCHF Market Analysis: Key Support Break and Potential Decline

by ForexCycle.com | February 1, 2024 2:27 am
The USDCHF pair has seen a key shift in its trend with a break below an important support, leading us to anticipate possible next moves. Break Below Key Support The USDCHF has registered a break below the...

USDJPY Market Analysis: Break Below and Potential Targets

by ForexCycle.com | February 1, 2024 2:10 am
USDJPY’s recent move breaking below key levels has set the stage for likely future moves as identified by key markers. Breaking Below the Rising Channel and Key Support USDJPY has pierced through the bottom of the ascending...

EURUSD Market Update: Attempted Break and Downtrend Continuity

by ForexCycle.com | February 1, 2024 1:49 am
EURUSD has made a decisive attempt to break the current trendlines which has implications for the future direction of the currency pair. Failure to Break the Falling Channel EURUSD has fallen short in its attempts to break...

$VZ: Verizon Communications Starts New Bullish Cycle

by elliottwave-forecast.com | January 31, 2024 10:33 pm
Verizon Communications Inc., commonly known as Verizon, is an US American telecommunications giant. Founded in 1983 as Bell Atlantic, it is a result of the break up of the Bell System into seven regional Baby Bells. Headquartered...

CADJPY Perfect Reaction Higher From Equal Legs Area

by elliottwave-forecast.com | January 31, 2024 10:21 pm
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the CADJPY. The rally from the 07 December 2023 low showed a higher high sequence & provided a short-term...

What “Fear Index” VIX May Be Signaling

by ForexCycle.com | January 31, 2024 3:47 pm
By Elliott Wave International First, just a quick basic fact about the CBOE Volatility Index (VIX) — also known as the stock market’s “fear gauge”: the lower the reading, the higher the complacency among investors. Higher readings...

EURCAD Market Analysis: Extended Downside and Possible Consolidation

by ForexCycle.com | January 31, 2024 1:12 am
EURCAD’s recent extended downside movement puts the pair in an interesting position with possible consolidation and key resistance levels in focus. Extended Downside Move EURCAD has pushed its downside activity further from 1.4734, reaching a new low...

USDCHF Market Analysis: Break and Potential Rebound

by ForexCycle.com | January 31, 2024 1:00 am
USDCHF has recently broken through significant levels and is currently standing at a crucial support level, painting a mixed picture for its future market movement. Key Breakthrough: Falling Below the Rising Channel USDCHF has notably broken below...