Bank Safety: Read This Now
Word is getting around fast — banks are in trouble. What should you do with YOUR money? Our friends at Elliott Wave International are standing by with several safe havens for you to consider. “Your 5 Top Alternatives...
Author: ForexCycle.com
Is a Pension Fund Crisis Next?
By Elliott Wave International Did you get a heads-up from the financial media that the U.S. banking system was vulnerable before the failures of Silicon Valley, Signature and First Republic banks? There may have been outlier articles here and...
USDCAD Analysis – May 14, 2023
USDCAD has been trading in a range between 1.3225 and 1.3977, indicating a period of consolidation after the long-term uptrend from the May 2021 low of 1.2006. The pair has been following a rising price channel on...
USDJPY Analysis – May 14, 2023
USDJPY is currently facing a key resistance level at 137.90, and traders are closely watching to see whether the currency pair will be able to break above this level. If USDJPY manages to break through 137.90, it...
AUDUSD Analysis – May 14, 2023
The AUDUSD currency pair has been forming a sideways consolidation pattern for the long-term downtrend from the February 2021 high. As the pair remains below the falling trend line on the weekly chart, the downside movement is...
GBPUSD Analysis – May 14, 2023
GBPUSD is currently trading near a critical support level, the rising trend line on the weekly chart. The pair has been in a long-term uptrend since hitting a low of 1.0352 in September 2022. As long as...
EURUSD Analysis – May 14, 2023
The EURUSD currency pair has been trading in a long-term uptrend since September 2022, with several minor corrections along the way. Currently, the pair is facing a critical support level at the rising trend line on the...
USDCAD Analysis – May 11, 2023
USDCAD is currently facing resistance from the falling price channel on the 4-hour chart. As long as the channel resistance holds, the downtrend from the high of 1.3667 may be expected to resume, and the pair could...
USDJPY Analysis – May 11, 2023
The USD/JPY pair has broken below the rising trend line on the 4-hour chart, indicating a potential further decline towards the support level at 133.49. A break below this level would confirm that the upside movement from...
AUDUSD Analysis – May 11, 2023
The AUDUSD currency pair has been in an uptrend since Apr 28, but recent price action has shown signs of weakness. After touching resistance at 0.6805, the pair pulled back from 0.6817 and broke below the rising...