GBPUSD: Bullish Run Pauses, Consolidation or Reversal?

by ForexCycle.com | March 12, 2024 1:40 am
GBPUSD has displayed a recent shift in momentum, prompting a closer look at the technical situation. This analysis explores the potential scenarios for the currency pair. Upside Momentum Stalls: Consolidation or Reversal? Key Levels to Watch: Overall...

USDJPY Tumbles Lower: Will the Bears Retain Control?

by ForexCycle.com | March 11, 2024 9:09 am
USDJPY has been on a steep decline, reaching new lows and testing important technical levels. This analysis examines the current situation and explores potential scenarios for the currency pair. Downside Move Deepens: Can Bears Maintain Pressure? Potential...

GBPUSD Bulls Charge Higher: Can the Uptrend Break New Ground?

by ForexCycle.com | March 11, 2024 8:21 am
GBPUSD has been on a tear, decisively breaking above resistance and reaching new highs. This analysis dives into the technical implications of this breakout and explores potential scenarios for the currency pair. Uptrend Gains Momentum: Resistance Leveled...

EURUSD Consolidates Uptrend: Further Gains or Reversal on the Horizon?

by ForexCycle.com | March 11, 2024 7:57 am
EURUSD has been navigating an uptrend, but recent price action suggests a potential shift. This analysis examines the technical outlook and explores potential scenarios for the currency pair. Uptrend on Hold: Consolidation Phase Emerges Upside Potential Remains:...

New Elliott wave course: My 3 Favorite Trade Setups

by ForexCycle.com | March 10, 2024 2:19 am
You want to turn Elliott wave theory into a practical trading tool — right? Of course you do! Our friends at Elliott Wave International have a new resource to help you do just that. Their primary Trader’s Classroom instructor, Robert Kelley, has a...

USDCAD Slides Below Support: Downward Spiral or Short-Term Correction?

by ForexCycle.com | March 8, 2024 12:13 am
USDCAD has been on a downward path, breaching a key technical level and approaching another critical zone. This analysis explores the technical situation and potential future scenarios for the currency pair. Breakdown Confirmed: Downtrend in Focus Potential...

USDJPY Eyes Lower Levels: Downtrend in Control or Temporary Dip?

by ForexCycle.com | March 8, 2024 12:02 am
USDJPY has been on a downward trajectory, extending its decline from previous highs. This analysis dives into the technical situation and explores potential scenarios for the currency pair. Downtrend Deepens: Can Bears Maintain Momentum? Potential for Rebound:...

AUDUSD Charges Higher: Uptrend in Motion, But Can It Hold?

by ForexCycle.com | March 7, 2024 11:49 pm
AUDUSD has been on a bullish run, climbing from 0.6477 and reaching new highs. This analysis examines the technical outlook and explores potential scenarios for the currency pair. Uptrend in Control: Support Levels to Watch: Overall Sentiment:...

GBPUSD Surges: Uptrend Gains Momentum, But Can Bulls Hold On?

by ForexCycle.com | March 7, 2024 11:39 pm
GBPUSD has displayed robust bullish momentum, decisively breaking above resistance and reaching new highs. This analysis delves into the technical implications of this breakout and explores potential scenarios for the currency pair. Uptrend Reignited: Resistance Breached Potential...

EURUSD Bulls Charge Higher: Uptrend in Progress or Overbought?

by ForexCycle.com | March 7, 2024 11:25 pm
EURUSD has been on a tear, extending its rally from 1.0795 to reach new highs. This analysis examines the technical outlook and explores potential scenarios for the currency pair. Uptrend on a Roll: Can the Rally Continue?...