GBPUSD Daily Analysis – June 8, 2023

by ForexCycle.com | June 8, 2023 6:55 am
The GBPUSD currency pair has been experiencing a short-term downtrend since its peak at 1.2544. The recent bounce from 1.2367 can be seen as a consolidation phase within this downward movement. Traders should be aware that further...

EURUSD Daily Analysis – June 8, 2023

by ForexCycle.com | June 8, 2023 6:50 am
The EURUSD currency pair has continued its sideways movement, trading within a range between the key levels of 1.0635 and 1.0778. The pair’s price action suggests a period of consolidation for the ongoing downtrend. While the price...

USDCAD Daily Analysis – June 7, 2023

by ForexCycle.com | June 7, 2023 1:43 am
The USDCAD currency pair has experienced a continued downside movement, extending from its recent high at 1.3654 to reach as low as 1.3387. The pair remains under selling pressure, indicating a bearish bias in the market. Given...

USDJPY Daily Analysis – June 7, 2023

by ForexCycle.com | June 7, 2023 1:39 am
The USDJPY currency pair has been trading within a relatively narrow range, bounded by the support level at 138.42 and the resistance level at 140.91. This sideways movement suggests a period of consolidation for the pair after...

AUDUSD Daily Analysis – June 7, 2023

by ForexCycle.com | June 7, 2023 1:33 am
The AUDUSD currency pair is currently approaching a critical resistance level at 0.6709. A decisive breakout above this level could potentially trigger a further upside move, with the next target being the resistance at 0.6817. In the...

GBPUSD Daily Analysis – June 7, 2023

by ForexCycle.com | June 7, 2023 1:30 am
The GBPUSD currency pair remains entrenched in a downtrend that started from the peak at 1.2679. The recent pullback from the 1.2544 level suggests a resumption of the downward movement, as sellers exert their control over the...

EURUSD Daily Analysis – June 7, 2023

by ForexCycle.com | June 7, 2023 1:24 am
The EURUSD currency pair has been trading in a sideways movement, forming a trading range between the levels of 1.0635 and 1.0778. This consolidation phase comes after a previous downtrend in the market. Traders are closely monitoring...

SPY ETF: Wave ii Pullback Found More Buyers In Blue Box

by elliottwave-forecast.com | June 6, 2023 6:20 pm
Hello Traders, in this article we will analyze our forecast for SPY ETF in the short term cycle. Since the short term peak of SPY from 05.30.2023 to end wave i of (iii) we have been expecting...

HCA Healthcare (HCA) Favors Higher In Bullish Sequence & Remain Supported

by elliottwave-forecast.com | June 6, 2023 5:54 pm
HCA Healthcare, Inc., (HCA) provides health care services company in the United States. The company operates general & acute care hospitals that offers medical & surgical services, including inpatient care, intensive care, cardiac care, diagnostic & emergency...

USDCAD Daily Analysis – June 6, 2023

by ForexCycle.com | June 6, 2023 7:52 am
The USDCAD currency pair has experienced a breakdown below the key support level at 1.3406, signaling a continuation of its recent downtrend from 1.3654. The pair has subsequently declined to as low as 1.3392, with further downside...