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...

Crude Oil Breaks Out of Bearish Channel, Key Resistance Ahead

by ForexCycle.com | May 29, 2024 1:25 am
The WTI crude oil futures contract has broken out above the resistance of the falling price channel visible on its 4-hour chart. Following the bullish breakout, the commodity is now facing a key test at the 80.04...

US Dollar Extends Upside Momentum Against Japanese Yen

by ForexCycle.com | May 29, 2024 12:49 am
The USDJPY currency pair has broken out above the key 156.79 resistance level, extending its impressive upside move that originated from the 151.86 low. The rally has carried the pair as high as 157.37 in recent trading...

British Pound Extends Rally Against US Dollar

by ForexCycle.com | May 28, 2024 1:56 am
The GBPUSD currency pair has broken out above the 1.2761 resistance level, extending its impressive upside move that originated from the 1.2299 low. The rally has carried the pair as high as 1.2780 in recent trading sessions,...

Euro Breaks Out of Bearish Channel Against US Dollar

by ForexCycle.com | May 28, 2024 1:32 am
The EURUSD currency pair has broken out above the resistance of the falling price channel visible on the 4-hour chart. This technical breakout suggests that the recent pullback from the 1.0894 high has likely completed at the...

Another Bank Failure: How to Tell if Your Bank is At Risk

by ForexCycle.com | May 25, 2024 2:51 am
By Elliott Wave International Another bank failure, another underperforming share price. Philadelphia-based Republic First Bank was closed down on Friday, April 26, and the assets were sold to Fulton Bank. Republic First becomes the first bank failure...

Australian Dollar Breaks Key Support Against US Dollar

by ForexCycle.com | May 23, 2024 2:48 am
The AUDUSD currency pair’s pullback from the 0.6713 high has extended to as low as 0.6607, breaking below the support of the rising price channel visible on the 4-hour chart. This technical breakdown suggests that the recent...

Euro Pullback Tests Key Channel Support Against US Dollar

by ForexCycle.com | May 23, 2024 2:12 am
The EURUSD currency pair’s pullback from the 1.0894 high has extended to as low as 1.0817, facing the support of the rising price channel visible on the 4-hour chart. This area will likely determine the pair’s near-term...

Crude Oil Remains in Downtrend, Key Support Test Looming

by ForexCycle.com | May 22, 2024 3:47 am
The WTI crude oil futures contract remains confined within a falling price channel visible on the 4-hour chart, staying in the broader downtrend that originated from the 87.07 high. Consolidation Within Downtrend As long as the price...

US Dollar Breaks Out Against Swiss Franc, Further Upside Targeted

by ForexCycle.com | May 22, 2024 2:59 am
The USDCHF currency pair has broken out above the key 0.9101 resistance level in recent trading sessions. This bullish breakout has opened the door for a potential continuation of the pair’s upside move. Further Gains Likely After...