Gold Uptrend Remains Intact Despite Recent Pullback

by ForexCycle.com | May 14, 2024 9:13 am
The XAUUSD (spot gold) remains in an overall uptrend that originated from the 1810 level. The recent pullback from the 2431 high is likely a consolidation phase within this broader uptrend. Range-Bound Trading Expected Over the next...

Four Major Economic Events to Watch This Week

by ForexCycle.com | May 13, 2024 2:05 pm
In the upcoming week, there are four major economic events that investors and market participants should keep an eye on: 1. US Inflation Data Release On Wednesday, the US will release its April inflation data. With previous...

Bitcoin Extends Pullback, But Longer-Term Uptrend Remains Intact

by ForexCycle.com | May 9, 2024 11:24 am
The BTCUSD cryptocurrency pair has extended its pullback from the 73,830 high, falling as low as 56,434 in recent trading sessions. Further near-term losses toward the 52,000 area appear possible as the correction unfolds. Consolidation Within Uptrend...

Nasdaq 100 Bounce Faces Key Technical Test

by ForexCycle.com | May 8, 2024 11:36 am
The Nasdaq 100 index (NAS100) has staged an impressive bounce from the 16,973 low, rallying as high as 18,170 in recent trading sessions. However, this upside move is likely a corrective bounce within the broader downtrend from...

Top 5 Major Economic Events to Watch This Week

by ForexCycle.com | May 6, 2024 9:00 am
As we kick off a new week, let’s take a look at the top five major economic events that will be in the spotlight: 1. U.S. Consumer Confidence Index On Friday, the United States will release the...

WTI Breaks Channel Support: Downtrend Confirmed or Deeper Correction?

by ForexCycle.com | May 2, 2024 12:09 pm
WTI’s price action has taken a bearish turn, breaking a key support level. This analysis examines the technical situation and explores potential scenarios for the oil market. WTI Falls Below Channel: Downturn or Correction? Support and Resistance...

WTI Tests Channel Support: Uptrend at Risk or Pullback Opportunity?

by ForexCycle.com | May 1, 2024 3:51 am
WTI’s price action is at a crossroads, with a key support level in focus. This analysis examines the technical situation and explores potential scenarios for the oil market. WTI at Channel Support: Uptrend or Correction? Downturn Targets...

XAUUSD Analysis: Bullish Bias Holds, Eyes on 2088.24 and Beyond

by ForexCycle.com | January 16, 2024 7:12 am
Gold (XAUUSD) remains locked in an uptrend, having recently found support at the rising trend line on the daily chart. This suggests continued buying pressure and opens the door for further upward movement in the coming days....

NASDAQ Fell Below Channel Support

by ForexCycle.com | September 21, 2023 11:36 am
The NASDAQ index recently experienced a significant development as it fell below the lower boundary of the ascending price channel on the daily chart. This indicates the necessity for a more extended consolidation phase for the upward...

NASDAQ Technical Analysis: Uptrend Continues

by ForexCycle.com | July 26, 2023 10:36 am
NASDAQ has recently extended its upward trend, rising from 11678 to as high as 15947. As long as the price stays within the rising price channel on the daily chart, the upside move could be expected to...