GBPUSD Daily Analysis – May 24, 2023

by ForexCycle.com | May 24, 2023 2:22 am
The GBPUSD pair has witnessed a significant development as it broke below the crucial support level at 1.2391, indicating a resumption of the downside movement from 1.2679. This breakdown has altered the near-term outlook for the pair,...

EURUSD Daily Analysis – May 24, 2023

by ForexCycle.com | May 24, 2023 2:15 am
The EURUSD currency pair has recently experienced a significant development as it broke below the key support level at 1.0759, indicating a resumption of the downside move from 1.1091. This break has shifted the near-term outlook for...

TransDigm Group Inc (NYSE: TDG) Continues to Soar

by elliottwave-forecast.com | May 23, 2023 9:34 pm
TransDigm Group Inc (NYSE: TDG), a leading player in the aerospace industry, has been making significant strides in recent times. Despite facing challenges in the market, the company has managed to maintain a strong upward trajectory. This article aims...

SCCO Favors Sideways To Lower Before Rally Resumes

by elliottwave-forecast.com | May 23, 2023 8:54 pm
Southern Copper Corporation (SCCO) engages in mining, exploration, smelting & refining of Copper & other minerals in Peru, Mexico, Argentina, Ecuador & Chile. The company is based in Phoenix, Arizona, US, comes under Basic Materials Sector &...

XPEV Elliott Wave View: May Update

by elliottwave-forecast.com | May 23, 2023 8:24 pm
XPeng, Inc. (XPEV) designs, develops, manufactures, and markets smart electric vehicles. It produces environmental friendly vehicles, namely SUVs (the G3), and a four-door sports sedan (the P7). The company was founded by Xiao Peng He, Heng Xia,...

Roblox (RBLX) Needs To Complete A Correction Structure Before Rally Again

by elliottwave-forecast.com | May 23, 2023 8:08 pm
Roblox (RBLX) is an online game platform and game creation system developed by Roblox Corporation that allows users to program games and play games created by other users. Created by David Baszucki and Erik Cassel in 2004 and released in 2006, the platform hosts user-created games of multiple genres...

USDCAD Daily Analysis – May 23, 2023

by ForexCycle.com | May 23, 2023 8:30 am
The USDCAD currency pair has been trading within a well-defined range between 1.3403 and 1.3567, displaying a prolonged period of sideways movement. Traders are closely monitoring the price action as the pair approaches key resistance and support...

USDJPY Daily Analysis – May 23, 2023

by ForexCycle.com | May 23, 2023 8:24 am
The USDJPY currency pair has been displaying a strong uptrend since its initial rally from 133.49. Despite recent consolidation between 138.74 and the current price action, the overall upward momentum remains intact. Traders are closely monitoring this...

AUDUSD Daily Analysis – May 23, 2023

by ForexCycle.com | May 23, 2023 8:15 am
The AUDUSD currency pair has been consolidating in a narrow trading range between 0.6604 and 0.6674, as market participants assess the next potential direction. Traders are closely monitoring this range, as it provides valuable insights into the...