EURUSD Faces Resistance: What’s Next for the Pair?

by ForexCycle.com | September 19, 2024 3:16 am
The EURUSD pair has encountered a roadblock, failing to breach the 1.1201 resistance level and subsequently retreating from 1.1188 to 1.1068. This recent pullback is likely a correction within the broader uptrend that began at 1.1001. Despite...

EURUSD Shows Signs of Uptrend After Breaking Resistance

by ForexCycle.com | September 18, 2024 1:01 am
The EURUSD pair has made a significant move, bouncing from 1.1001 to reach 1.1146. This surge has broken through the resistance of the falling price channel on the 4-hour chart, suggesting that the previous downward movement from...

USD/JPY Update: Continued Downtrend Within Falling Channel

by ForexCycle.com | September 17, 2024 1:39 am
The USD/JPY pair has seen its downside move extend from 147.20 down to 139.57. Currently, the pair remains within a falling price channel on the 4-hour chart, indicating that the downtrend could persist as long as channel...

Discover What Really Drives Market Action

by ForexCycle.com | September 16, 2024 2:10 am
Jobs report, consumer price inflation data, Fed interest rates decision… NOISE! Everyone waits on the news to tell them what the markets will do. That kind of thinking is backwards. To help you understand what’s really moving the markets so you...

EUR/USD Update: Breakout Above Resistance but in Longer-Term Downtrend

by ForexCycle.com | September 16, 2024 1:56 am
The EUR/USD pair has successfully broken above the 1.1050 resistance, indicating that the downside move from 1.1154 may have completed at 1.1001. Despite this positive movement, the pair remains within a falling price channel on the 4-hour...

Why We Tip Our Hat to Warren Buffett

by ForexCycle.com | September 12, 2024 1:22 am
By Elliott Wave International Warren Buffett recently acknowledged that he’s playing in overtime in this thing we call life. At 93, the acclaimed investor is still very much in the game and making his moves. Our August Elliott...

USD/CHF Bounce Faces Key Resistance: What’s Next?

by ForexCycle.com | September 12, 2024 12:56 am
USD/CHF has extended its bounce from 0.8374 to a high of 0.8532, but it is now facing resistance from the falling trend line on the 4-hour chart. Downside Scenario: Upside Potential: Conclusion USD/CHF’s bounce is facing key...

WTI Remains in a Downtrend: Key Levels to Watch

by ForexCycle.com | September 11, 2024 1:26 am
WTI crude oil continues to trade within a falling price channel on the 4-hour chart, signaling that the downtrend from 77.14 is still in place. Key Downside Targets: Upside Potential: Conclusion WTI remains in a downtrend, but...

EUR/USD Breaks Key Support: Further Decline Expected

by ForexCycle.com | September 11, 2024 12:45 am
EUR/USD has broken below the crucial 1.1026 support level, signaling a potential continuation of its downward trend. What to Expect Next: Conclusion With EUR/USD breaking below key support at 1.1026, the downtrend is expected to continue unless...

It’s Trader Education Week at Elliott Wave International!

by ForexCycle.com | September 10, 2024 1:31 am
Our friends at elliottwave.com just launched their wildly popular Trader Education Week, and you’re invited! Now through September 11, get practical training that will show you how to apply Elliott waves and spot high-confidence setups. Before the...