USD/JPY: Downtrend Extends with Key Support Levels in Focus

by ForexCycle.com | September 5, 2024 2:26 am
USD/JPY has continued its downside move, falling from 147.20 to as low as 143.18, breaking below the key support at 143.44. What to Watch Next: Conclusion: USD/JPY remains in a downtrend with potential for further declines toward...

EUR/USD Tests Key Resistance: What’s Next?

by ForexCycle.com | September 5, 2024 1:32 am
EUR/USD is currently testing the key resistance level at 1.1100, a pivotal point for its next move. Potential Scenarios: Conclusion: EUR/USD is at a critical juncture. A break below 1.1065 could lead to further declines, while a...

ADI Found Buyers in the Blue Box. What next for Traders?

by elliottwave-forecast.com | September 4, 2024 7:20 pm
Analog Devices, Inc. ADI is a global leader in designing and manufacturing integrated circuits and analog, mixed-signal, and digital signal processing (DSP). Founded in 1965, the company specializes in converting real-world phenomena like sound, light, and temperature...

C3 AI Inc. ( $AI) Elliott Wave Structure Favors More Downside.

by elliottwave-forecast.com | September 3, 2024 6:39 pm
Hello Traders! In this technical blog we are going to take a look at the Elliott Wave path in C3 AI Inc. ($AI) and explain why the stock should see more downside in a Zig-Zag correction towards a...

Will Nu Continue Rally After Unusual Volume Activity Last Week?

by elliottwave-forecast.com | September 3, 2024 6:12 pm
NU Holdings Ltd., (NU) provides digital banking platform in Brazil, Mexico, Colombia, Germany, Argentina, United States & Uruguay. It offers spending solutions comprising credit & prepaid cards, mobile payment solutions & integrated mall that enables customers to...

Pan American Silver (PAAS) Has Resumed Bullish Cycle

by elliottwave-forecast.com | September 3, 2024 5:54 pm
Pan American Silver Corp. (PAAS) is a Canadian mining company headquartered in Vancouver, British Columbia. It focuses on the exploration, development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines across the Americas. Below...

GBP/USD Breaks Key Support: What’s Next?

by ForexCycle.com | September 3, 2024 1:52 am
GBP/USD has broken below the rising price channel on the 4-hour chart, indicating that the uptrend from 1.2664 has likely ended at 1.3265. Current Outlook Conclusion GBP/USD is currently in a downward trend after breaking key support...

USD/JPY Approaches Key Resistance: What’s Next?

by ForexCycle.com | September 3, 2024 1:24 am
USD/JPY is currently testing the 147.34 resistance level, a critical point that could determine the pair’s next move. Potential Scenarios Conclusion USD/JPY is at a pivotal point, with the 147.34 resistance level in focus. A breakout could...

CrowdStrike (CRWD) Is Not Ready to Resume that Rally. Bull Trap Ahead.

by elliottwave-forecast.com | September 2, 2024 7:24 pm
CrowdStrike Holdings, Inc. (CRWD) is an American cybersecurity technology company based in Austin, Texas. It provides cloud workload and endpoint security, threat intelligence, and cyberattack response services. CrowdStrike (CRWD) July 2021 Daily Chart The chart above shows the daily view that we forecast 3 years...

EUR/USD: Downtrend Extends with Key Resistance in Focus

by ForexCycle.com | September 2, 2024 4:51 am
EUR/USD has continued its downward move, dropping from 1.1201 to a low of 1.1041. Key Levels to Watch Conclusion EUR/USD is in a downtrend, with the key resistance at 1.1100 determining the next move. A break below...