EURUSD Stalls at Support: Uptrend Intact or Vulnerable?

by ForexCycle.com | February 29, 2024 2:59 am
EURUSD has displayed mixed signals recently, failing to break below the 1.0789 support level and subsequently moving sideways. This article analyzes the situation and explores the potential scenarios for the pair. Uptrend on Hold? Consolidation or Reversal?...

AUDUSD Tumbles Below Support: Downtrend Confirmed or False Breakdown?

by ForexCycle.com | February 29, 2024 2:27 am
AUDUSD has displayed a bearish signal, breaking below the crucial support level of 0.6521. This breakdown suggests a potential completion of the upside move that began at 0.6442 and peaked at 0.6594. Let’s analyze the situation further...

GBPUSD Caught in a Tug-of-War: Uptrend Still Alive or Facing Reversal?

by ForexCycle.com | February 29, 2024 2:06 am
GBPUSD has displayed some conflicting technical signals recently. While it dipped below the rising trend line on the 4-hour chart, it failed to breach the crucial 1.2602 support level. This indecisiveness has resulted in sideways movement within...

Beyond Meat (BYND) Impulsive Reversal Signals Further Upside

by elliottwave-forecast.com | February 28, 2024 10:52 pm
Beyond Meat Inc (NASDAQ: BYND) is the first plant-based meat analogue company to go public. However, after an impressive 250% rally from the 2019 IPO, the stock suffered a 97% loss of it’s value within a span of 5 years in...

Coinbase (NASDAQ: COIN) Bullish Sequence Support More Upside

by elliottwave-forecast.com | February 28, 2024 10:28 pm
Coinbase Global (NASDAQ: COIN) is one of the top performing stock in the recent 2 years, up +550% since January 2023 low. In our previous article, we explained the structure of the new weekly bullish cycle taking place from...

USDJPY Stalemate: Uptrend on Hold or Reversal in Sight?

by ForexCycle.com | February 28, 2024 1:52 am
USDJPY is currently locked in a trading range between 149.52 and 150.88, unable to break above the key resistance level. This technical analysis explores the potential implications of this price action, considering both bullish and bearish scenarios....

New Video: Elliott Waves & Nvidia

by ForexCycle.com | February 28, 2024 1:40 am
A common question from Elliott wave traders is this… “Should I use arithmetic or log charts for Fibonacci calculations?” Our friends at Elliott Wave International explain using a great, current example in the price chart of Nvidia...

NIO Should Keep Dropping to End an Impulse Structure

by elliottwave-forecast.com | February 27, 2024 9:00 pm
Nio Inc. (NIO) is a Chinese multinational automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric vehicles. The company develops battery-swapping stations for its vehicles, as an alternative to conventional charging stations. The company has raised over $5 billions...

Vertex Pharmaceuticals (VRTX) Should Remain Supported

by elliottwave-forecast.com | February 27, 2024 8:46 pm
Vertex Pharmaceuticals Incorporated (VRTX), is a biotechnology company. It engages in developing & commercializing therapies for treating cystic fibrosis (CF). The company has collaborations with CRISPR Therapeutics AG, Moderna Inc, Entrada Therapeutics Inc, Arbor Biotechnologies Inc, Mammoth...