EURJPY Elliott Wave Analysis: How to Ride the Bullish Wave

by elliottwave-forecast.com | April 29, 2024 5:16 pm
Hello traders. Welcome to this technical blog post where we will delve into the EURJPY currency pair. By the end of this post, you should have a clearer understanding of the path EURJPY Elliott wave analysis is following...

USDJPY: Uptrend on Hold or Correction Incoming?

by ForexCycle.com | April 29, 2024 10:21 am
USDJPY’s recent price action suggests a shift in momentum. This analysis examines the technical situation and explores potential scenarios for the currency pair. USDJPY Breaks Trend Line: Consolidation or Reversal? Scenario 1: Uptrend Resumption: Scenario 2: Deeper...

Optimism $OP Bulls Are Getting Ready to Take Over

by elliottwave-forecast.com | April 26, 2024 1:25 pm
Optimism is a Layer 2 Optimistic Rollup network designed to utilize the strong security guarantees of Ethereum while reducing its cost and latency.  In today’s article, we’ll take a look at the technical chart for its token $OP and...

Elliott Wave Analysis Favors DAX to Extend Higher

by elliottwave-forecast.com | April 26, 2024 1:08 pm
Short Term Elliott Wave View on DAX suggests rally from 10.23.2023 low is unfolding as a 5 waves impulse. Up from 10.23.2023 low, wave (1) ended at 17003.28 and dips in wave (2) ended at 16345.02. The...

USDJPY Charges Higher: Uptrend Confirmed or Bullish Momentum Extended?

by ForexCycle.com | April 26, 2024 11:23 am
USDJPY’s price action suggests continued strength. This analysis examines the technical situation and explores potential scenarios for the currency pair. USDJPY Maintains Uptrend: Upside Targets in Focus: Support Levels to Consider: Overall Sentiment: The technical outlook for...

GBPUSD Rebounds: Correction or Uptrend in Sight?

by ForexCycle.com | April 26, 2024 11:01 am
GBPUSD has displayed positive momentum, climbing from recent lows. This analysis examines the technical situation and explores potential scenarios for the currency pair. GBPUSD Stages Rally: Uptrend or Correction? Trend Line in Focus: Downtrend Shadow Looms: Support...

EURUSD Climbs: Uptrend Resumption or Bullish Correction?

by ForexCycle.com | April 26, 2024 10:38 am
EURUSD has displayed renewed buying pressure, breaking above key resistance. This analysis examines the technical situation and explores potential scenarios for the currency pair. EURUSD Stages Rally: Uptrend or Correction? Price Channel in Focus: Downtrend Shadow Looms:...