Gold-to-Silver Ratio (AUG) Has Resumed Lower

by elliottwave-forecast.com | July 17, 2023 6:38 pm
Gold-to-Silver ratio (AUG) overshot to 126.43 during the Covid-19 scare in March 2020. This is an all-time high and arguably unsustainable when measured by many different matrices. The current ratio of 78-79 is still considered to be...

RIOT Sets the Stage for Further Advances with Strong Bullish Structure

by elliottwave-forecast.com | July 17, 2023 6:07 pm
In the fast-paced world of cryptocurrency, Riot Blockchain Inc (NASDAQ: RIOT) has emerged as a key player, fueled by its innovative blockchain technology and successful venture into mining Bitcoin. As the demand for digital currencies continues to...

USDCAD Daily Analysis – July 17, 2023

by ForexCycle.com | July 17, 2023 9:44 am
The USDCAD pair has made a significant breakthrough by surpassing the resistance level at 1.3160, signaling a potential end to the recent downside move from 1.3386, which concluded at 1.3092. This development suggests a potential shift in...

USDJPY Daily Analysis – July 17, 2023

by ForexCycle.com | July 17, 2023 9:30 am
The USDJPY pair has made a significant breakthrough by surpassing the resistance level at 138.95, indicating that the recent downtrend from 145.06 has likely concluded at the support level of 137.23. This development suggests a potential reversal...

AUDUSD Daily Analysis – July 17, 2023

by ForexCycle.com | July 17, 2023 9:15 am
The AUDUSD pair has entered a consolidation phase after breaking below the key support level at 0.6845. This suggests a temporary pause in the uptrend that originated from 0.6594. Traders should anticipate range-bound trading between the levels...

GBPUSD Daily Analysis – July 17, 2023

by ForexCycle.com | July 17, 2023 8:56 am
The GBPUSD pair continues to demonstrate strength as it remains above a rising trend line on the 4-hour chart, affirming its position within the ongoing uptrend from the 1.2590 level. Traders can interpret the recent pullback from...

EURUSD Daily Analysis – July 17, 2023

by ForexCycle.com | July 17, 2023 8:47 am
The EURUSD pair continues to showcase strength as it remains above a rising trend line on the 4-hour chart, indicating its resilience and commitment to the ongoing uptrend from the low of 1.0833. Traders can anticipate further...

USDCAD Weekly Analysis – July 15, 2023

by ForexCycle.com | July 15, 2023 4:12 am
The USDCAD pair has experienced an extended downtrend, reaching as low as 1.3092 from the high of 1.3977. This decline indicates the continuation of the long-term bearish movement. Traders should be aware of the potential for further...

USDJPY Weekly Analysis – July 15, 2023

by ForexCycle.com | July 15, 2023 4:05 am
The USDJPY pair has experienced a significant development as it broke below the key support level at 137.90. This break suggests that the upside move from 127.21 has reached its completion at the high of 145.06. Currently,...

AUDUSD Weekly Analysis – July 15, 2023

by ForexCycle.com | July 15, 2023 3:48 am
The AUDUSD pair has been engaged in a sideways movement, oscillating within the range of 0.6170 and 0.7157. This consolidation phase comes after a long-term downtrend from 0.8006, suggesting that the pair is taking a breather before...