Euro Breaks Key Support Against US Dollar, Downside Risks Emerge

by ForexCycle.com | June 10, 2024 6:57 am
The EURUSD currency pair has broken below the key 1.0788 support level, indicating that the recent upside move from the 1.0600 low has likely completed at the 1.0915 high. This technical breakdown has opened the door for...

Unlock Your Trading Potential with EA Builder

by ForexCycle.com | June 6, 2024 1:03 pm
In the ever-evolving landscape of trading, having the right tools can make all the difference between success and failure. EA Builder is a revolutionary web-based application designed to simplify the creation of custom indicators and automated trading...

The Fed Leads and the Market Follows? It’s a Big Fat MYTH

by ForexCycle.com | June 6, 2024 12:05 pm
By Murray Gunn | Head of Global Research, Elliott Wave International We help investors by analyzing what really drives the markets. Along the way, we often uncover a market myth, something most investors believe moves the markets, but...

Natural Gas Faces Key Resistance, Potential Uptrend Resumption

by ForexCycle.com | June 6, 2024 1:43 am
The natural gas futures contract is currently facing a key resistance level at 2.849. A bullish breakout above this level would likely indicate that the broader uptrend from the 1.574 low on February 19th has resumed. Upside...

Crude Oil Downtrend Resumes After Breaking Key Support

by ForexCycle.com | June 4, 2024 1:22 am
The WTI crude oil futures contract has broken below the key 76.01 support level, plunging as low as 73.65 in recent trading sessions. This technical breakdown suggests that the broader downtrend from the 87.07 high on April...

Euro Breaks Out Against US Dollar, Uptrend Resumes

by ForexCycle.com | June 4, 2024 12:51 am
After a period of consolidation, the EURUSD currency pair has broken out above the key 1.0894 resistance level, extending its upside move that originated from the 1.0600 low. The rally has carried the pair as high as...

US Dollar Consolidates After Extending Rally Against Japanese Yen

by ForexCycle.com | May 31, 2024 1:33 am
The USDJPY currency pair has extended its impressive upside move that originated from the 151.86 low, rallying as high as 157.70 in recent trading sessions. However, the subsequent pullback from the 157.70 high suggests that a consolidation...

Euro Breaks Key Support Against US Dollar, Correction Underway?

by ForexCycle.com | May 31, 2024 12:47 am
The EURUSD currency pair has broken below the key 1.0804 support level, suggesting that the recent upside move from the 1.0600 low has likely completed at the 1.0894 high. This technical breakdown has opened the door for...

Think the Fed leads the market? Watch this…

by ForexCycle.com | May 29, 2024 10:59 pm
Do you pride yourself on making evidence-based investment decisions? Great! So do our friends at Elliott Wave International. In fact, their Head of Global Research, Murray Gunn, recorded a compelling 2-minute video that you need to see. Murray...