EURUSD Daily Analysis – July 12, 2023

by ForexCycle.com | July 12, 2023 8:15 am
The EURUSD currency pair has experienced an extended upside move from its recent low of 1.0833, reaching as high as 1.1036. This upward momentum has generated optimism among traders, who are now eyeing further gains in the...

Navigating 3M’s (MMM) Downside Pressure and Long-Term Prospects

by elliottwave-forecast.com | July 11, 2023 5:53 pm
3M Company (NYSE: MMM) is a globally recognized leader in innovation, manufacturing, and technology solutions. With a rich history spanning over a century, 3M has established itself as a trusted name in various industries. In this article,...

$NVAX: Novavax Starts New Bullish Cycle From Weekly Buying Area

by elliottwave-forecast.com | July 11, 2023 5:40 pm
Novavax, Inc. is an US American biotechnology company. Founded in 1987 and headquartered in Gaithersburg, Maryland, USA, it is a part of Russel1000 index. Investors can trade it under the ticker $NVAX at NASDAQ as well as...

Amazon.com Inc. ($AMZN) Reacts Higher From The Blue Box Area.

by elliottwave-forecast.com | July 11, 2023 5:18 pm
Hello everyone. In today’s article, we will look at the past performance of the 1 Hour Elliott Wave chart of Amazon.com Inc. ($AMZN) The rally from 6.26.2023 low unfolded as a 5 wave impulse with an incomplete...

RCL (Royal Caribbean Group) : The Symbol Reaches Definition Area

by elliottwave-forecast.com | July 11, 2023 5:02 pm
Royal Caribean has been one of the stronger symbols in the sector. The Symbol ended the Grand Super Cycle back on 01.29.2018 and did a powerful three waves back. The pullback ended on 03.13.2020, and the stock...

Netflix Found Blue Box Area And Reacting Higher Perfectly

by elliottwave-forecast.com | July 11, 2023 4:28 pm
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of Netflix ticker symbol: NFLX. In which, the rally from the 27 June 2023 low unfolded as an impulse structure. And showed a...

USDCAD Daily Analysis – July 11, 2023

by ForexCycle.com | July 11, 2023 3:37 am
The USDCAD currency pair has experienced a significant development as it broke below the rising trend line on the 4-hour chart. This breach suggests that the upside move from 1.3116 has potentially completed at the recent high...

USDJPY Daily Analysis – July 11, 2023

by ForexCycle.com | July 11, 2023 3:28 am
The USDJPY currency pair has sustained its downward movement, extending the decline from 145.06 to as low as 140.60. Traders are anticipating further downside potential in the coming sessions, with the next target projected at 139.84, followed...

AUDUSD Daily Analysis – July 11, 2023

by ForexCycle.com | July 11, 2023 3:17 am
The AUDUSD currency pair has maintained its sideways movement, trading within a defined range between 0.6594 and 0.6720. Traders are patiently waiting for a decisive breakout to provide clarity on the pair’s next direction. Currently, the price...

GBPUSD Daily Analysis – July 11, 2023

by ForexCycle.com | July 11, 2023 3:06 am
The GBPUSD currency pair has made a decisive breakthrough above the significant resistance level at 1.2847, suggesting the potential for further upside movement in the coming days. This bullish development indicates that buyers have gained control and...