USDJPY Analysis – May 17, 2023

by ForexCycle.com | May 17, 2023 1:48 am
The USDJPY pair has continued its upward trajectory, with the recent rally pushing the price as high as 136.67. This extension of the upside movement suggests underlying strength in the pair, and further upward momentum could be...

AUDUSD Analysis – May 17, 2023

by ForexCycle.com | May 17, 2023 1:41 am
The AUDUSD pair has been moving within a relatively tight range, oscillating between 0.6635 and 0.6709. This consolidation phase suggests a period of indecision in the market and is likely a temporary pause in the overall downtrend...

GBPUSD Analysis – May 17, 2023

by ForexCycle.com | May 17, 2023 1:32 am
The GBPUSD pair experienced a brief encounter with the 1.2540 resistance level, only to pull back and establish a trading range between 1.2442 and 1.2540. This price action suggests that the pair remains within a downtrend, which...

EURUSD Analysis – May 17, 2023

by ForexCycle.com | May 17, 2023 1:21 am
The EURUSD pair has continued to exhibit a bearish bias, as it failed to break above the resistance level at 1.0909 and instead moved sideways within a narrow range between 1.0845 and 1.0909. This price action suggests...

Morgan Stanley (MS) Favors Downside In Double Correction

by elliottwave-forecast.com | May 16, 2023 7:41 pm
Morgan Stanley (MS), a financial holding company provides various financial products & services to corporations, governments, financial institutions & Individuals in the Americas, Europe, Middle East, Africa & Asia. It operates through Institutional Securities, Wealth Management &...

QQQ: Equal Legs Area Found Buyers To Resume The Rally

by elliottwave-forecast.com | May 16, 2023 7:23 pm
Hello Traders, in this article we will analyze our forecast for QQQ ETF in the short term cycle. Since the short term peak of QQQ from 05.01.2023 to end wave (i) we have been expecting a pullback...

IBEX Found Buyers After Elliott Wave Double Three

by elliottwave-forecast.com | May 16, 2023 7:08 pm
Hello fellow traders.  In this technical article we’re going to take a look at the Elliott Wave charts of IBEX Index,  presented in members area of the of our website.  Recently IBEX has given us correction that...

USDCAD Analysis – May 16, 2023

by ForexCycle.com | May 16, 2023 3:56 am
The USDCAD pair has experienced a significant break below the key support level at 1.3475, signaling a potential shift in market sentiment. This development suggests that the short-term uptrend from 1.3314 has likely reached its completion point...

USDJPY Analysis – May 16, 2023

by ForexCycle.com | May 16, 2023 3:48 am
The USDJPY pair has made a significant breakthrough, surpassing the key resistance level at 135.46. This development suggests a shift in market dynamics, indicating that the pair is now in an uptrend from its previous low of...