USDCAD Weekly Analysis – May 27, 2023

by ForexCycle.com | May 27, 2023 4:58 am
The USDCAD currency pair has displayed a resilient uptrend, remaining within a rising price channel on the weekly chart. This upward movement has been in play since the pair found support at 1.2006, indicating the dominance of...

USDJPY Weekly Analysis – May 27, 2023

by ForexCycle.com | May 27, 2023 4:53 am
The USDJPY currency pair has displayed a strong bullish momentum, extending its upside movement from 127.21 to reach as high as 140.72. This upward surge indicates that the bulls remain in control and suggests the potential for...

AUDUSD Weekly Analysis – May 27, 2023

by ForexCycle.com | May 27, 2023 4:40 am
The AUDUSD currency pair has recently broken below the significant support level at 0.6560, signaling a shift in market sentiment and suggesting further downside potential over the next several weeks. This break indicates that bearish pressure has...

GBPUSD Weekly Analysis – May 27, 2023

by ForexCycle.com | May 27, 2023 4:35 am
The GBPUSD currency pair has recently broken below a rising trend line on the weekly chart, indicating that a period of consolidation for the uptrend from 1.0352 is currently underway. This consolidation phase suggests a temporary pause...

EURUSD Weekly Analysis – May 27, 2023

by ForexCycle.com | May 27, 2023 4:27 am
The EURUSD currency pair has entered a consolidation phase within the context of its overall uptrend from 0.9535. Traders can anticipate range trading between the support level around 1.0515 and the resistance level near 1.1095 over the...

Palantir (NYSE: PLTR) Technologies Low in Place or More Downside?

by elliottwave-forecast.com | May 26, 2023 6:08 pm
Palantir Technologies (NYSE: PLTR), Inc. is a holding company, which engages in the development of data integration and software solutions. It operates through the Commercial and Government segments. The Commercial segment offers services to clients in the...

META: Wave (iv) Found Buyers Within Blue Box Area

by elliottwave-forecast.com | May 26, 2023 5:53 pm
Hello Traders, in this article we will analyze our forecast for META in the short term cycle. Since the short term peak of META from 05.22.2023 to end wave (iii) we have been expecting a pullback within...

USDCHF Double Three Elliott Wave Advance and Next Blue Box Area

by elliottwave-forecast.com | May 26, 2023 5:38 pm
In our recent article about USDCHF, we explained incomplete bearish sequence in USDCHF since October 2022 and December 2016 highs and explained that bounces should fail in 3, 7 or 11 swings for extension lower. Pair found...

New video: (Tomorrow’s) global markets in 30+ charts

by ForexCycle.com | May 26, 2023 10:19 am
If a picture is worth 1,000 words, a price chart is worth 1,000 Fed statements. On May 4, at the MoneyShow Virtual Expo, Elliott Wave International’s Head of Global Research, Murray Gunn, showed an eager audience 30+...

NASDAQ Shows Resilience, Eyes Higher Levels

by ForexCycle.com | May 25, 2023 4:30 am
The NASDAQ index has displayed remarkable resilience as it remains above a rising trend line on the daily chart, affirming its commitment to the uptrend that has been in place since 10665. This upward trajectory has instilled...