EURUSD Daily Analysis – July 7, 2023

by ForexCycle.com | July 7, 2023 3:57 am
EURUSD finds itself once again facing the resistance of a prominent falling trend line on the 4-hour chart. This resistance level has proven significant in the recent price action, serving as a potential barrier for further upside...

The Elliott Wave Hotlist: See 5 top market picks

by ForexCycle.com | July 7, 2023 12:12 am
70+ That’s how many markets EWI’s Pro Services cover for subscribers. But, you might ask, why the “+”? Why not write the exact number? Well, because month in and month out, Pro Services also look for special...

Insights into This “Ultimate Harbinger” of the Bear Market

by ForexCycle.com | July 6, 2023 1:05 pm
By Elliott Wave International Back in early 2021, many investors were chomping at the bits to invest in entities about which they knew next to nothing. These entities are known as Special Purpose Acquisition Companies (SPACs), which...

USDCAD Daily Analysis – July 6, 2023

by ForexCycle.com | July 6, 2023 1:02 pm
USDCAD has continued its upward trajectory from 1.3116, reaching as high as 1.3328. The currency pair exhibits signs of further potential upside movement in the near term, with the next target set at the 1.3387 resistance level....

USDJPY Daily Analysis – July 6, 2023

by ForexCycle.com | July 6, 2023 12:56 pm
USDJPY has entered a consolidation phase after its recent uptrend from 138.42. The currency pair is currently range-bound between the support level at 142.67 and the resistance level at 145.06. This period of consolidation suggests a temporary...

AUDUSD Daily Analysis – July 6, 2023

by ForexCycle.com | July 6, 2023 12:43 pm
AUDUSD encountered a significant obstacle as it failed to break above the key resistance level at 0.6720. This lack of upward momentum has resulted in a break below the support level at 0.6640, signaling potential downside pressure...

GBPUSD Daily Analysis – July 6, 2023

by ForexCycle.com | July 6, 2023 12:30 pm
GBPUSD has experienced a notable breakthrough as it surpassed the key resistance level at 1.2758. This bullish move suggests a potential continuation of the upward momentum, with traders anticipating further gains in the near term. As the...

EURUSD Daily Analysis – July 6, 2023

by ForexCycle.com | July 6, 2023 12:22 pm
EURUSD continues to exhibit weakness as it remains below a prominent falling trend line on the 4-hour chart, signaling that the pair is still entrenched in a downtrend from its high of 1.1011. This suggests that sellers...

USDCAD Daily Analysis – July 5, 2023

by ForexCycle.com | July 5, 2023 2:04 pm
USDCAD continues to showcase strength as it remains in an uptrend from its low of 1.3116. Further upward movement is anticipated in the coming days, with the next target set at the 1.3387 resistance level. The upward...

USDJPY Daily Analysis – July 5, 2023

by ForexCycle.com | July 5, 2023 1:57 pm
USDJPY, which had been displaying a notable uptrend from its low of 138.42, has encountered a significant development as it broke below the rising price channel on the 4-hour chart. This suggests that the pair may require...