FCX Favors Sideways Correction Before Resumes Higher

by elliottwave-forecast.com | January 23, 2024 10:00 pm
Freeport-McMoRan Inc., (FCX) engages in the mining of minerals in North America, South America & Indonesia. It primarily explores for Copper, Gold, Molybdenum, Silver & other metals. It is based in Phoenix, Arizona, US, comes under Basic...

MCD Could Slowdown The Momentum Looking For A Pullback

by elliottwave-forecast.com | January 23, 2024 9:23 pm
McDonald’s (MCD) is the world’s largest fast food restaurant chain, serving over 69 million customers daily in over 100 countries in more than 40,000 outlets as of 2021. It is best known for its hamburgers, cheeseburgers and...

EURCAD Breaks Support: Predicting the Consequences

by ForexCycle.com | January 23, 2024 12:35 am
In a striking move, EURCAD has broken below the 1.4625 support level, signifying that its climb from 1.4548, which culminated at 1.4726, has now wound up. Looking forward, in the days to come, we could likely see...

GBPUSD on the Rise: Potential Targets Unveiled

by ForexCycle.com | January 23, 2024 12:02 am
In recent movements, GBPUSD has managed to extend its climb from 1.2596 to an impressive high of 1.2732. The rise doesn’t seem to be stopping here, as further ascension is a possibility in the upcoming days. Subsequently,...

EURUSD Faces Resistance: A Range Bound Scene

by ForexCycle.com | January 22, 2024 11:50 pm
The EURUSD pair tested but couldn’t break the 1.0910 resistance, leading it to remain within the trading range of 1.0844 and 1.0910. As long as the pair struggles to break past the 1.0910 resistance, the price action...

ServiceNow (NYSE: NOW) Riding the Wave of Cloud Computing

by elliottwave-forecast.com | January 22, 2024 8:19 pm
ServiceNow (NYSE: NOW) is an American software company based in Santa Clara, California that develops a cloud computing platform to help companies manage digital workflows for enterprise operations. The stock doubled in price in recent year and with...

Alphabet Inc. ($GOOGL) Found Buyers After a Zigzag Pullback.

by elliottwave-forecast.com | January 22, 2024 8:09 pm
Hello everyone. In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of Alphabet Inc. ($GOOGL). The rally from 1.08.2024 low at $135.09 unfolded as 5 waves impulse. So, we...

Barrick Gold (NYSE: GOLD) Looking for Bottom

by elliottwave-forecast.com | January 22, 2024 7:58 pm
Barrick Gold, headquartered in Toronto, is a major player in global gold and copper mining since 1983. With operations in various countries, the company is a key contributor to the worldwide gold supply. Known for its commitment...

$DBK: Deutsche Bank Stock Nesting before Acceleration

by elliottwave-forecast.com | January 22, 2024 7:38 pm
Deutsche Bank is a German multinational investment bank and financial services provider. It is one of the nine bulge bracket banks. Deutsche Bank is the largest German banking institution and is a part of the DAX-40 index....

Trailing Stop Loss: An Essential Tool for Risk Management in Trading

by ForexCycle.com | January 22, 2024 10:38 am
Trading in financial markets can be an exhilarating and potentially lucrative endeavor, but it also carries inherent risks. One of the key challenges for traders is managing these risks effectively. This is where the trailing stop loss...