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....

GBPUSD: A Test of Support and Possible Directions

by ForexCycle.com | January 16, 2024 1:49 am
Right now, the GBPUSD pair is facing a major test at the 1.2673 support level. Should it break below this key point, we could potentially witness a further downside trajectory, heading towards the next support level pegged...

EURUSD at a Crossroads: 1.0910 Support Holds the Key

by ForexCycle.com | January 16, 2024 1:34 am
Currently, the EURUSD pair is testing the turbulent waters of the 1.0910 support threshold. A plunge underneath this level could pull the price towards the subsequent support mark at 1.0876. A decline further than this could set...

EURGBP Caught in a Sideways Shuffle: Where to Next?

by ForexCycle.com | January 15, 2024 1:25 am
The EURGBP has charted a sideways move over the past few days, framed by a trading range from 0.8586 to 0.8620. Until the 0.8620 resistance cap is breached, this horizontal drift can be interpreted as a consolidation...

GBPUSD Surges Past Resistance: What’s Next?

by ForexCycle.com | January 15, 2024 12:48 am
The GBPUSD has managed to hurdle above the 1.2770 resistance level. This stride gives way to the possibility of a further climb towards 1.2827 resistance in the near future. If it manages to eclipse this level, it...

EURUSD Navigates Narrow Range: A Breakdown of Key Levels

by ForexCycle.com | January 15, 2024 12:12 am
In the current Forex landscape, the EURUSD hasn’t made successful strides above the 1.0998 resistance, resulting in a sideways movement within a trading range between 1.0910 and 1.0998. No discernable upward or downward trend is evident at...

USDCAD: Stuck in a Range, Eyes on 1.3977 and 1.3092

by ForexCycle.com | January 14, 2024 2:49 am
USDCAD has been trapped in a lateral dance between 1.3092 and 1.3977 for months, frustrating traders with its indecisiveness. The pair recently flirted with a downside break but held ground at 1.3092, suggesting that another push towards...

EURUSD: Stuck in Neutral, Awaiting Breakout or Breakdown

by ForexCycle.com | January 14, 2024 2:25 am
EURUSD has been stuck in a holding pattern for months, trapped within a trading range between 1.0447 and 1.1275. The currency pair is currently facing a critical decision point at the upper end of this range, with...

SoftBank: A Possible Omen for What’s Ahead

by ForexCycle.com | January 13, 2024 1:07 pm
By Elliott Wave International SoftBank, the multinational holding company which is heavily involved in the technology sector, has had a tough go of it. Its stock price has been in a steady decline for the past few...