Short Term Any Breakout Of The Rupees (USDINR) Should Be False

by elliottwave-forecast.com | July 30, 2023 1:07 am
The Indian rupee (USDINR) is the official currency of India. The rupee is subdivided into 100 paise (singular: paisa), though as of 2022, coins of denomination of 1 rupee are the lowest value in use whereas 2000 rupees is the highest. Quarterly USDINR Log Chart...

$PFE: Buying Weekly Dips in Pfizer before Next Big Move

by elliottwave-forecast.com | July 30, 2023 12:52 am
Pfizer, Inc. is an US American pharmaceutical and biotechnology company. Founded in 1849 and headquartered in New York, USA, it is a part of S&P100 and S&P500 indices. Investors can trade it under the ticker $PFE at...

USDCAD Weekly Analysis – July 29, 2023

by ForexCycle.com | July 29, 2023 3:23 am
The USDCAD pair is currently holding below the descending trend line on the weekly chart, signaling a continuation of the downtrend that began from 1.3977. As long as the price remains below the trend line, we can...

USDJPY Weekly Analysis – July 29, 2023

by ForexCycle.com | July 29, 2023 3:16 am
The USDJPY pair is currently trading in a rising price channel on the weekly chart. This suggests that the long-term uptrend from 127.21 is still intact. The next target is at 151.94, the previous high. A break...

AUDUSD Weekly Analysis – July 29, 2023

by ForexCycle.com | July 29, 2023 3:05 am
AUDUSD has been moving sideways in a trading range between 0.6170 and 0.7157 for several weeks. This sideways movement is likely a consolidation for the long-term downtrend from 0.8006. As long as the resistance of the falling...

GBPUSD Weekly Analysis – July 29, 2023

by ForexCycle.com | July 29, 2023 2:39 am
GBPUSD has been staying above a rising trend line on the weekly chart, indicating that the pair remains in a long-term uptrend from 1.0352. As long as the trend line support holds, the pullback from 1.3141 could...

EURUSD Weekly Analysis – July 29, 2023

by ForexCycle.com | July 29, 2023 2:29 am
EURUSD has been staying within a rising price channel on the weekly chart, indicating that the pair remains in a long-term uptrend from 0.9535. As long as the channel support holds, the pullback from 1.1275 could be...

Pay Attention to This Group of Investors (They Know More)

by ForexCycle.com | July 29, 2023 12:45 am
By Elliott Wave International It stands to reason that executives of a corporation know more about the goings-on of their business than outsiders. So, it’s wise to pay attention to their stock market actions regarding their own...

USDCAD Daily Analysis – July 28, 2023

by ForexCycle.com | July 28, 2023 10:41 am
USDCAD is currently testing the 1.3242 resistance level once again. If the price manages to break through this level, it could rise towards the next resistance level at 1.3300, followed by 1.3386. On the other hand, there...

USDJPY Daily Analysis – July 28, 2023

by ForexCycle.com | July 28, 2023 10:36 am
USDJPY has recently extended its downward trend, falling from 141.94 to as low as 138.05. Further decline is still possible in the coming days, with the next target being the 137.23 support level. On the other hand,...