GBPUSD Daily Analysis – August 24, 2023

by ForexCycle.com | August 24, 2023 1:00 am
GBPUSD has faced difficulty in surpassing the 1.2817 resistance level and has instead entered a period of consolidation, trading within a defined range between 1.2615 and 1.2817. As long as the 1.2817 resistance level remains unbroken, it...

EURUSD Daily Analysis – August 24, 2023

by ForexCycle.com | August 24, 2023 12:52 am
EURUSD has experienced a significant decline, extending its downward trajectory from 1.1275 to a low of 1.0802. If the resistance at 1.0930 remains unbroken, it suggests that the currency pair is likely to continue its downward movement....

Stocks: Keep This in Mind About Seasonal Tendencies

by ForexCycle.com | August 23, 2023 11:47 pm
By Elliott Wave International Many investors know that some time periods of the year tend to be more bullish for stocks, like the holiday season. Other times tend to be more bearish, like September and October. However,...

NEW: Real-market Elliott wave trading course

by ForexCycle.com | August 23, 2023 1:19 am
When you put your own money on the line, it can feel like you’re throwing yourself at the mercy of the market’s unforeseen forces. Our friends at Elliott Wave International get it. From their long experience, we...

USDCAD Daily Analysis – August 23, 2023

by ForexCycle.com | August 23, 2023 1:09 am
The USDCAD currency pair is currently in a sideways movement, trading within a range bound by 1.3495 as support and 1.3574 as resistance. As long as the support level at 1.3495 holds, the current sideways move can...

USDJPY Daily Analysis – August 23, 2023

by ForexCycle.com | August 23, 2023 1:03 am
The USDJPY currency pair is currently experiencing a sideways movement within a trading range bounded by 144.92 and 146.55. If the price remains within the rising price channel on the 4-hour chart, the current sideways move could...

AUDUSD Daily Analysis – August 23, 2023

by ForexCycle.com | August 23, 2023 12:56 am
The AUDUSD currency pair attempted to break above the resistance provided by a falling trend line on the 4-hour chart but was unsuccessful, leading to a pullback from 0.6457. This suggests a potential continuation of the downside...

GBPUSD Daily Analysis – August 23, 2023

by ForexCycle.com | August 23, 2023 12:48 am
The GBPUSD currency pair is currently encountering resistance at the 1.2817 level. As long as this resistance level holds, the price action from 1.2619 could be viewed as consolidation within the larger downtrend that originated from 1.3141....

EURUSD Daily Analysis – August 23, 2023

by ForexCycle.com | August 23, 2023 12:37 am
The EURUSD currency pair has broken below the key support level at 1.0844 and continued its downward movement from 1.1275, reaching as low as 1.0832. This indicates a resumption of the downside move in the pair. It...

USDCAD Daily Analysis – August 22, 2023

by ForexCycle.com | August 22, 2023 8:02 am
The USDCAD currency pair is currently exhibiting a sideways movement within a defined trading range, with support at 1.3495 and resistance at 1.3574. As long as the support level at 1.3495 remains intact, the sideways move can...