GBPUSD Rebounds and Breaks Resistance: A likely Rise in the Horizon

by ForexCycle.com | January 18, 2024 12:54 am
After briefly falling below the 1.2610 support level, GBPUSD managed a comeback from 1.2596, breaking above the 1.2680 resistance, pointing to a possible rise. A further ascent is anticipated in the days ahead and the next target...

EURUSD Continues Downward: Key Levels and Forecasts

by ForexCycle.com | January 18, 2024 12:41 am
Making moves on the Forex market today, the rate of EURUSD has extended its downside movement from 1.1139 to hit as low as 1.0844. Expect more room for a possible further decline following a minor consolidation. This...

Natural Gas Perfect Reaction Higher From Extreme Area

by elliottwave-forecast.com | January 17, 2024 6:48 pm
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of Natural Gas ticker symbol: $NG_F. In which, the rally from the 29 March 2023 low unfolded in an impulse...

GBPJPY Continues Upward Post-Consolidation: Key Points to Note

by ForexCycle.com | January 17, 2024 1:20 am
After a period of consolidation, GBPJPY has broken through the 186.14 resistance level and kept its bullish position from the 178.72 level. As it currently stands, GBPJPY remains inside the ascending price channel on the 4-hour chart....

GBPUSD Dips Below Support: A Test and Possible Outcomes

by ForexCycle.com | January 17, 2024 1:06 am
GBPUSD has plunged below the 1.2673 support and is currently challenging the 1.2610 support level. If GBPUSD breaks below this 1.2610 support, it could suggest that the pair is caught in a downtrend wave from 1.2827. This...

EURUSD Breaks Support: The Downside Resumption and Potential Scenarios

by ForexCycle.com | January 17, 2024 12:54 am
Breaking news in the Forex market: EURUSD has crashed through the 1.0876 support level. This signifies a resumption of its downward movement, originally from 1.1139. A fresh resistance level has now formed at 1.0900. Should this line...