USDCAD Daily Analysis – August 31, 2023

by ForexCycle.com | August 31, 2023 7:59 am
USD/CAD is currently encountering the support of a rising price channel on its 4-hour chart. As long as the channel support holds, the recent pullback from 1.3639 could be considered a period of consolidation within the overall...

USDJPY Daily Analysis – August 31, 2023

by ForexCycle.com | August 31, 2023 7:49 am
USD/JPY is maintaining its uptrend from the 138.05 level. As long as the support level at 144.53 holds, the recent pullback from 147.37 could be considered a period of consolidation within the overall uptrend. In such a...

AUDUSD Daily Analysis – August 31, 2023

by ForexCycle.com | August 31, 2023 7:41 am
AUD/USD has made a significant breakthrough by surpassing the 0.6487 resistance level. This breakout indicates that the previous downward movement from 0.6894 to 0.6363 has likely concluded. As a result, it is likely to see a further...

GBPUSD Daily Analysis – August 31, 2023

by ForexCycle.com | August 31, 2023 7:30 am
GBP/USD has shown a rebound from the 1.2547 level, climbing as high as 1.2745. There is potential for a further rally in the coming days to test the 1.2817 resistance level. A break above this resistance level...

EURUSD Daily Analysis – August 31, 2023

by ForexCycle.com | August 31, 2023 7:16 am
EUR/USD has recently experienced a significant development as it broke above the resistance of a falling price channel on the 4-hour chart. This breakout suggests that the previous downtrend from 1.1065 to 1.0765 has likely completed. As...

Mastercard (MA) Sets New All-Time High and Open Daily Upside

by elliottwave-forecast.com | August 29, 2023 4:50 pm
Mastercard Incorporated (NYSE: MA), a global leader in payment technology, continues to navigate the ever-evolving landscape of financial transactions. As digital payments become increasingly integral to modern economies, Mastercard remains at the forefront of innovation. This article...

Gold-to-Silver Ratio (AUG) Close to Breakout

by elliottwave-forecast.com | August 29, 2023 4:26 pm
In our previous blog, we said that Gold-to-Silver ratio has resumed to the downside. In this article and video today, we will update the Elliott Wave outlook of the ratio. It’s been pretty sideways in the last...

MGM Resorts International (MGM) Favors Pullback Before Rally Resumes

by elliottwave-forecast.com | August 29, 2023 4:13 pm
MGM Resorts International (MGM), through its subsidiaries owns & operates casino, hotel & entertainment resorts in the US and Macau. The operates through three segments: Las Vegas Strip Resorts, Regional Operations & MGM China. It is based...

USDCAD Daily Analysis – August 29, 2023

by ForexCycle.com | August 29, 2023 3:59 am
USD/CAD is currently showing a strong uptrend on the 4-hour chart, with the pair remaining above a rising trend line. This uptrend dates back to the 1.3092 level. As long as the trend line support holds, it...

USDJPY Daily Analysis – August 29, 2023

by ForexCycle.com | August 29, 2023 3:49 am
USD/JPY has made a breakout above the resistance level at 146.55. This breakout indicates a resumption of the upward movement from 138.05. As a result, it is plausible to expect further upside potential in the coming days,...