USDJPY Daily Analysis – July 18, 2023

by ForexCycle.com | July 18, 2023 7:41 am
USDJPY has been demonstrating an uptrend since its rise from 137.23, and the bullish momentum is expected to continue in the coming days. Traders should closely monitor the price action as the pair aims for the next...

AUDUSD Daily Analysis – July 18, 2023

by ForexCycle.com | July 18, 2023 7:34 am
AUDUSD has been displaying a solid uptrend, remaining within a rising price channel on the 4-hour chart since its climb from 0.6594. The consistent presence within this channel is a positive sign for traders, as it suggests...

GBPUSD Daily Analysis – July 18, 2023

by ForexCycle.com | July 18, 2023 7:13 am
GBPUSD has been exhibiting a strong uptrend, continuing its ascent from 1.2590 to reach as high as 1.3141. Despite the recent pullback from this high, the overall uptrend remains intact as long as the price stays above...

EURUSD Daily Analysis – July 18, 2023

by ForexCycle.com | July 18, 2023 6:57 am
The EURUSD pair has continued its upward momentum, extending its move from 1.0833 to reach as high as 1.1263. The rising trend line on the 4-hour chart has been a crucial level of support for EURUSD, and...

Tesla Inc. ($TSLA) Blue Box Area Wins Again. What’s Next?

by elliottwave-forecast.com | July 17, 2023 7:13 pm
Hello everyone. In today’s article, we will look at the past performance of the 1 Hour Elliott Wave chart of Tesla Inc. ($TSLA) The rally from 4.27.2023 low unfolded as a 5 wave impulse with an incomplete...

Gold-to-Silver Ratio (AUG) Has Resumed Lower

by elliottwave-forecast.com | July 17, 2023 6:38 pm
Gold-to-Silver ratio (AUG) overshot to 126.43 during the Covid-19 scare in March 2020. This is an all-time high and arguably unsustainable when measured by many different matrices. The current ratio of 78-79 is still considered to be...

RIOT Sets the Stage for Further Advances with Strong Bullish Structure

by elliottwave-forecast.com | July 17, 2023 6:07 pm
In the fast-paced world of cryptocurrency, Riot Blockchain Inc (NASDAQ: RIOT) has emerged as a key player, fueled by its innovative blockchain technology and successful venture into mining Bitcoin. As the demand for digital currencies continues to...

USDCAD Daily Analysis – July 17, 2023

by ForexCycle.com | July 17, 2023 9:44 am
The USDCAD pair has made a significant breakthrough by surpassing the resistance level at 1.3160, signaling a potential end to the recent downside move from 1.3386, which concluded at 1.3092. This development suggests a potential shift in...

USDJPY Daily Analysis – July 17, 2023

by ForexCycle.com | July 17, 2023 9:30 am
The USDJPY pair has made a significant breakthrough by surpassing the resistance level at 138.95, indicating that the recent downtrend from 145.06 has likely concluded at the support level of 137.23. This development suggests a potential reversal...

AUDUSD Daily Analysis – July 17, 2023

by ForexCycle.com | July 17, 2023 9:15 am
The AUDUSD pair has entered a consolidation phase after breaking below the key support level at 0.6845. This suggests a temporary pause in the uptrend that originated from 0.6594. Traders should anticipate range-bound trading between the levels...