AUDUSD Weekly Analysis – July 2, 2023

by ForexCycle.com | July 2, 2023 11:26 am
The AUDUSD currency pair has been trading within a defined range, exhibiting a period of consolidation between 0.6170 and 0.7157. Traders are closely monitoring key levels and trend lines to determine potential breakout opportunities in the pair....

GBPUSD Weekly Analysis – July 2, 2023

by ForexCycle.com | July 2, 2023 11:20 am
The GBPUSD currency pair has been displaying a resilient long-term uptrend, which initiated from the 1.0352 level. As the pair continues to climb higher, traders are closely monitoring key support and resistance levels for potential trading opportunities....

EURUSD Weekly Analysis – July 2, 2023

by ForexCycle.com | July 2, 2023 11:14 am
The EURUSD currency pair has been trading within a defined range between 1.0515 and 1.1095, exhibiting a sideways movement in recent sessions. This range-bound behavior suggests a period of consolidation for the pair’s long-term uptrend, which originated...

The Next Big Thing

by ForexCycle.com | June 30, 2023 10:55 am
Here’s a “No duh, Captain Hindsight” statement: Most investors assume that any firm associated with AI will be a huge winner. We hope that’s not you. But if it is, you might wanna cool your jets, Buzz Lightyear....

USDCAD Daily Analysis – June 30, 2023

by ForexCycle.com | June 30, 2023 10:36 am
The USDCAD pair has witnessed a significant breakthrough, surpassing the key resistance level at 1.3269. This successful breach suggests a shift in the market dynamics, with the pair now in an uptrend from its starting point at...

USDJPY Daily Analysis – June 30, 2023

by ForexCycle.com | June 30, 2023 10:32 am
The USDJPY pair has experienced a remarkable upside move from its starting point at 138.42, reaching as high as 145.06. This rally demonstrates the strength and resilience of the USDJPY uptrend. Traders are now closely monitoring the...

AUDUSD Daily Analysis – June 30, 2023

by ForexCycle.com | June 30, 2023 10:26 am
The AUDUSD pair has remained below a significant falling trend line on the 4-hour chart, affirming its current downtrend originating from the 0.6899 level. As long as the resistance offered by the trend line remains intact, traders...

GBPUSD Daily Analysis – June 30, 2023

by ForexCycle.com | June 30, 2023 10:20 am
The GBPUSD pair has experienced an extended downward movement, reaching as low as 1.2590 from its previous high at 1.2847. This decline suggests that the bearish sentiment remains strong, and additional downside potential may be anticipated in...

EURUSD Daily Analysis – June 30, 2023

by ForexCycle.com | June 30, 2023 10:15 am
The EURUSD pair has recently experienced a breakdown below the critical support level at 1.0844, indicating that the downtrend from 1.1011 remains intact. This development suggests that the bearish momentum could persist, with further declines likely in...

Stocks and Junk Bonds: “This Divergence Appears Meaningful”

by ForexCycle.com | June 29, 2023 2:27 am
By Elliott Wave International The trends of the junk bond and stock markets tend to be correlated. The reason why is that junk bonds and stocks are closely affiliated in the pecking order of creditors in case...