GBPUSD Daily Analysis – May 23, 2023

by ForexCycle.com | May 23, 2023 8:10 am
The GBPUSD currency pair finds itself at a critical juncture as it approaches the support level at 1.2391. Traders are closely monitoring this level as a breakdown below it could trigger further downside movement and potentially lead...

EURUSD Daily Analysis – May 23, 2023

by ForexCycle.com | May 23, 2023 8:02 am
The EURUSD currency pair finds itself at a critical juncture as it confronts the resistance of a falling trend line on the 4-hour chart. Traders are closely observing this price level as it has the potential to...

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by ForexCycle.com | May 22, 2023 11:12 pm
Last week, I gave you access to a new video from our friends at Elliott Wave International. The video is called “What is the best time frame to trade with Elliott waves?” That 15-minute trading lesson comes from Trader’s...

NFLX: Found Buyers From Blue Box Area

by elliottwave-forecast.com | May 22, 2023 6:49 pm
Hello Traders, in this article we will analyze our forecast for NFLX in the short term cycle. Since the short term peak of NFLX from 05.12.2023 to end wave 3 we have been expecting a pullback within...

ASML Holdings Starts New Bullish Cycle

by elliottwave-forecast.com | May 22, 2023 6:31 pm
ASML Holding N.V. (ticker: ASML) is a leading Dutch semiconductor equipment manufacturer. It’s one of the world’s largest suppliers of lithography systems for the semiconductor industry. Established in 1984, ASML has played a crucial role in the...

USDCHF Found Sellers After Elliott Wave Double Three Pattern

by elliottwave-forecast.com | May 22, 2023 6:17 pm
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of USDCHF forex pair published in members area of the website.  As our members know USDCHF has recently ...

USDCAD Daily Analysis – May 22, 2023

by ForexCycle.com | May 22, 2023 10:49 am
The USDCAD currency pair has continued its sideways movement, consolidating within a trading range between 1.3403 and 1.3567. Traders should closely monitor key support and resistance levels as the pair remains in this range-bound phase. In the...

USDJPY Daily Analysis – May 22, 2023

by ForexCycle.com | May 22, 2023 10:45 am
The USDJPY currency pair has recently broken below its rising trend line on the 4-hour chart, suggesting that a period of consolidation for the uptrend from 133.49 is currently underway. Traders should exercise caution and closely monitor...

AUDUSD Daily Analysis – May 22, 2023

by ForexCycle.com | May 22, 2023 10:37 am
The AUDUSD currency pair remains entrenched in a persistent downtrend, with the recent bounce from 0.6604 being viewed as a period of consolidation within this overall bearish trend. Traders should exercise caution as the pair navigates key...

GBPUSD Daily Analysis – May 22, 2023

by ForexCycle.com | May 22, 2023 10:34 am
The GBPUSD currency pair remains locked in a persistent downtrend, with the recent bounce from 1.2391 being viewed as a period of consolidation within this overall bearish trend. Traders should exercise caution as the pair grapples with...