USDCAD Analysis – May 16, 2023

by ForexCycle.com | May 16, 2023 3:56 am
The USDCAD pair has experienced a significant break below the key support level at 1.3475, signaling a potential shift in market sentiment. This development suggests that the short-term uptrend from 1.3314 has likely reached its completion point...

USDJPY Analysis – May 16, 2023

by ForexCycle.com | May 16, 2023 3:48 am
The USDJPY pair has made a significant breakthrough, surpassing the key resistance level at 135.46. This development suggests a shift in market dynamics, indicating that the pair is now in an uptrend from its previous low of...

AUDUSD Analysis – May 16, 2023

by ForexCycle.com | May 16, 2023 3:38 am
The AUDUSD pair has been entrenched in a downtrend since its peak at 0.6817, with the recent bounce from 0.6635 being viewed as a corrective consolidation within this overall downtrend. Traders should closely monitor the price action...

GBPUSD Analysis – May 16, 2023

by ForexCycle.com | May 16, 2023 3:29 am
The GBPUSD pair recently experienced a failed attempt to break below the support level at 1.2435 and subsequently rebounded from a low of 1.2442. The price action suggests that the pair is currently facing resistance at the...

EURUSD Analysis – May 16, 2023

by ForexCycle.com | May 16, 2023 3:18 am
The EURUSD pair has been facing challenges as it remains below a significant falling trend line on the 4-hour chart, indicating that the pair is still in a downtrend from the 1.1091 level. The downtrend has persisted...

SONY Is Near To End A Leading Diagonal And It Could Start a Pullback

by elliottwave-forecast.com | May 15, 2023 9:31 pm
Sony Group Corporation, commonly known as SONY, is a Japanese multinational conglomerate corporation. As a major technology company, it operates as one of the world’s largest manufacturers of consumer and professional electronic products, the largest video game...

Fortinet FTNT Continues to Dominate the Cybersecurity Market

by elliottwave-forecast.com | May 15, 2023 9:08 pm
Fortinet Inc (NASDAQ: FTNT) is a global leader in cybersecurity solutions. The company has a strong track record of growth and innovation, and it is well-positioned to continue to dominate the cybersecurity market in the years to...

EURNZD Buying The Dips At The Blue Box Area

by elliottwave-forecast.com | May 15, 2023 8:40 pm
Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of EURNZD published in members area of the website.  As our members know, the pair is showing bullish...

Cameco (CCJ) Still Sideways and Looking for Direction

by elliottwave-forecast.com | May 15, 2023 8:24 pm
Cameco Corporation (ticker: $CCJ) is the world’s largest publicly traded uranium company, based in Saskatoon, Saskatchewan, Canada. In 2015, it was the world’s second largest uranium producer, accounting for 18% of world production. This article provides the...