AUDUSD Analysis – September 21, 2023
AUD/USD faced resistance at the level of 0.6521 and was unable to break above it. As a result, the price pulled back to around the 0.6420 area. Based on this price action, there is a likelihood of...
Author: ForexCycle.com
GBPUSD Analysis – September 21, 2023
The GBP/USD pair has indeed extended its downside move from 1.2745 to as low as 1.2309, indicating a continued bearish momentum. As long as the price remains below the falling trend line on the 4-hour chart, it...
EURUSD Analysis – September 21, 2023
The EUR/USD currency pair made an unsuccessful attempt to break above the 1.0768 resistance level and is now facing the 1.0631 support level. This suggests that the pair continues to be in a downtrend from the 1.1275...
GBPUSD Analysis – September 20, 2023
The GBP/USD currency pair has continued its downward trajectory, extending the move from 1.2745 to reach as low as 1.2332. With the price still below the falling trend line on the 4-hour chart, a bearish outlook is...
USDJPY Analysis – September 20, 2023
The USD/JPY currency pair has continued its upward momentum, extending the move from 137.23 to reach as high as 148.16. The pair has successfully surpassed the resistance level at 147.87, indicating a bullish sentiment in the market....
What Will Happen to That $30 Trillion in U.S. Home Equity?
By Elliott Wave International You probably remember the last big housing bust which began more than 15 years ago. Elliott Wave International has observed that falling housing prices are generally preceded by a decline in home sales. The lag time...
USDCAD Analysis – September 20, 2023
The USD/CAD currency pair has continued its downward movement from the 1.3694 level and reached as low as 1.3379. With the price still below the falling trend line on the 4-hour chart, the recent bounce from 1.3379...
USDCAD Analysis – September 19, 2023
In recent price action, the USD/CAD pair has broken below the 1.3488 support level, indicating that the previous upside move from 1.3092 to 1.3694 has likely concluded. With the price currently below the falling trend line on...
EURUSD Analysis – September 19, 2023
The EUR/USD currency pair has rebounded from the bottom of the falling price channel on the 4-hour chart, suggesting a potential rally in the coming days. The next target for the pair could be at the 1.0768...
USDCAD Analysis – September 18, 2023
The USD/CAD currency pair has recently broken below the support of the rising trend line on the 4-hour chart and is currently approaching the 1.3488 support level. If the price breaks below this support level, it would...