Chevron (CVX) Flat Correction In Progress

by elliottwave-forecast.com | June 5, 2023 6:10 pm
Chevron Corporation (ticker: CVX), commonly known as Chevron, is one of the world’s largest multinational energy corporations. The company operates in all aspects of the oil, natural gas, and geothermal energy industries. This includes exploration, production, refining,...

USDCAD Daily Analysis – June 5, 2023

by ForexCycle.com | June 5, 2023 2:10 am
The USDCAD currency pair has been in a persistent downtrend since reaching a high of 1.3654. While there has been a recent bounce from the low of 1.3406, it is likely to be a temporary consolidation phase...

USDJPY Daily Analysis – June 5, 2023

by ForexCycle.com | June 5, 2023 2:06 am
The USDJPY currency pair has experienced a significant pullback, reaching as low as 138.42. However, the subsequent bounce suggests that the pair remains in the overall uptrend that started from the 133.49 level. This bounce indicates a...

AUDUSD Daily Analysis – June 5, 2023

by ForexCycle.com | June 5, 2023 2:00 am
The AUDUSD currency pair recently experienced a significant development as it broke above a falling trend line on the 4-hour chart. This breakout suggests a shift in the pair’s momentum, indicating a potential uptrend from the low...

GBPUSD Daily Analysis – June 5, 2023

by ForexCycle.com | June 5, 2023 1:53 am
The GBPUSD currency pair experienced a failed attempt to break above the resistance level at 1.2545, resulting in a pullback to 1.2425. The subsequent break below the support level at 1.2430 suggests that the pair remains within...

EURUSD Daily Analysis – June 5, 2023

by ForexCycle.com | June 5, 2023 1:45 am
The EURUSD currency pair experienced a pullback from its recent high of 1.0778 and subsequently reached a low of 1.0690. This price action suggests that the pair remains within a downtrend that originated from 1.1095. Traders are...

Top 5 Forex Trading Risks Traders Should Consider

by ForexCycle.com | June 4, 2023 8:45 am
Forex trading is a global market where participants can buy and sell currencies. It is the largest and most liquid financial market in the world, with a daily trading volume of over $5 trillion. However, forex trading...

USDCAD Weekly Analysis – June 4, 2023

by ForexCycle.com | June 4, 2023 3:54 am
The USDCAD currency pair has been exhibiting a period of consolidation, characterized by a sideways movement within a defined trading range. This range is currently observed between the support level at 1.3225 and the resistance level at...

USDJPY Weekly Analysis – June 4, 2023

by ForexCycle.com | June 4, 2023 3:49 am
The USDJPY currency pair has shown strong upward momentum, extending its move from 127.21 to reach as high as 140.92. This bullish trend has provided traders and investors with opportunities for potential gains. As the pair continues...

AUDUSD Weekly Analysis – June 4, 2023

by ForexCycle.com | June 4, 2023 3:44 am
The AUDUSD currency pair has experienced a significant fall from its recent high at 0.7157, extending down to 0.6457. Market participants are now anticipating the possibility of further downside movement over the next several weeks, with the...