USDJPY Daily Analysis – July 13, 2023

by ForexCycle.com | July 13, 2023 2:20 am
The USDJPY currency pair has experienced a substantial downward move, extending from 145.06 to as low as 138.06. This decline has been accompanied by a break below the crucial support level at 138.42, indicating the potential for...

AUDUSD Daily Analysis – July 13, 2023

by ForexCycle.com | July 13, 2023 2:10 am
The AUDUSD currency pair has continued its upward move, extending from 0.6594 to reach as high as 0.6801. However, it has encountered a significant resistance level at 0.6805. Traders and analysts closely watch this level as a...

GBPUSD Daily Analysis – July 13, 2023

by ForexCycle.com | July 13, 2023 2:00 am
The GBPUSD currency pair has continued its impressive upward move, extending from 1.2590 to reach as high as 1.3000. This surge in value has garnered attention among traders and analysts, who foresee the potential for further gains...

EURUSD Daily Analysis – July 13, 2023

by ForexCycle.com | July 13, 2023 1:43 am
The EURUSD currency pair has shown significant strength, extending its upward move from 1.0833 to a recent high of 1.1127. This surge has been accompanied by a break above the key resistance level at 1.1095, signaling the...

USDCHF Incomplete Sequence Favors More Downside in USDX

by elliottwave-forecast.com | July 12, 2023 6:11 pm
In today’s blog, we will take a look at the USDCHF Swing Sequence down from December 2016 peak and from October 2022 peak. Even when the pair has not yet broken  below January 2021 low, it already...

Platinum’s May-June Selloff: When the “Fundamental” Chips Fall

by ForexCycle.com | July 12, 2023 9:44 am
By Elliott Wave International If I had a nickel for every time someone asked me what value “fundamentals” serve in navigating financial markets, well… let’s just say I could’ve retired to the Poconos years ago. And the...

USDCAD Daily Analysis – July 12, 2023

by ForexCycle.com | July 12, 2023 9:41 am
The USDCAD currency pair has been on a sustained downward trajectory, extending its decline from 1.3386 to a recent low of 1.3199. This drop has been accompanied by a break below the key support level at 1.3202,...

USDJPY Daily Analysis – July 12, 2023

by ForexCycle.com | July 12, 2023 9:30 am
The USDJPY currency pair has experienced a persistent decline, extending its downward move from 145.06 to a recent low of 139.30. This drop has been accompanied by a break below the support level at 139.84, signaling further...

AUDUSD Daily Analysis – July 12, 2023

by ForexCycle.com | July 12, 2023 9:06 am
The AUDUSD currency pair has made a significant breakthrough, surpassing the key resistance level at 0.6720. This upward move has ignited optimism among traders and analysts, who anticipate further gains in the near future. With the next...

GBPUSD Daily Analysis – July 12, 2023

by ForexCycle.com | July 12, 2023 8:50 am
The GBPUSD currency pair has experienced a noteworthy upward movement, extending its gains from 1.2590 to a recent high of 1.2968. This surge in value has sparked speculation among traders and analysts regarding the potential for further...