EURUSD Weekly Analysis – July 8, 2023

by ForexCycle.com | July 8, 2023 6:14 am
The EURUSD currency pair has been experiencing a period of consolidation, as it continues to trade within a range between 1.0515 and 1.1095. Currently, the pair is approaching the resistance level at 1.1095, which holds significance for...

USDCAD Daily Analysis – July 7, 2023

by ForexCycle.com | July 7, 2023 6:04 am
The USDCAD currency pair has continued its upward trajectory, extending the rally from 1.3116 to reach as high as 1.3372. The pair is currently facing a key resistance level at 1.3387, which will be closely watched by...

USDJPY Daily Analysis – July 7, 2023

by ForexCycle.com | July 7, 2023 5:54 am
The USDJPY currency pair is currently consolidating within a range as it holds steady in its uptrend from 138.42. The price is expected to trade between the support level at 142.67 and the resistance level at 145.06...

AUDUSD Daily Analysis – July 7, 2023

by ForexCycle.com | July 7, 2023 4:12 am
The AUDUSD currency pair is currently facing a critical support level at 0.6594. A decisive breakdown below this level could potentially lead to further downside momentum, targeting the next support at 0.6550. Traders will closely monitor price...

GBPUSD Daily Analysis – July 7, 2023

by ForexCycle.com | July 7, 2023 4:04 am
GBPUSD has successfully broken above the key resistance level at 1.2758, indicating a potential resumption of the upside move from 1.2307. This breakthrough suggests a shift in market sentiment and a possible continuation of the bullish momentum...

EURUSD Daily Analysis – July 7, 2023

by ForexCycle.com | July 7, 2023 3:57 am
EURUSD finds itself once again facing the resistance of a prominent falling trend line on the 4-hour chart. This resistance level has proven significant in the recent price action, serving as a potential barrier for further upside...

The Elliott Wave Hotlist: See 5 top market picks

by ForexCycle.com | July 7, 2023 12:12 am
70+ That’s how many markets EWI’s Pro Services cover for subscribers. But, you might ask, why the “+”? Why not write the exact number? Well, because month in and month out, Pro Services also look for special...

Insights into This “Ultimate Harbinger” of the Bear Market

by ForexCycle.com | July 6, 2023 1:05 pm
By Elliott Wave International Back in early 2021, many investors were chomping at the bits to invest in entities about which they knew next to nothing. These entities are known as Special Purpose Acquisition Companies (SPACs), which...

USDCAD Daily Analysis – July 6, 2023

by ForexCycle.com | July 6, 2023 1:02 pm
USDCAD has continued its upward trajectory from 1.3116, reaching as high as 1.3328. The currency pair exhibits signs of further potential upside movement in the near term, with the next target set at the 1.3387 resistance level....

USDJPY Daily Analysis – July 6, 2023

by ForexCycle.com | July 6, 2023 12:56 pm
USDJPY has entered a consolidation phase after its recent uptrend from 138.42. The currency pair is currently range-bound between the support level at 142.67 and the resistance level at 145.06. This period of consolidation suggests a temporary...