GBPUSD Analysis – October 3, 2023

by ForexCycle.com | October 3, 2023 2:50 am
GBP/USD has continued its downward movement from 1.2745, reaching as low as 1.2070. As long as the price remains below the trend line, there is an expectation for the downside move to continue, with the next target...

EURUSD Analysis – October 3, 2023

by ForexCycle.com | October 3, 2023 2:45 am
EUR/USD has broken below the 1.0487 support level and continued its downward movement from 1.1275, reaching as low as 1.0463. As long as the price remains within the falling price channel on the 4-hour chart, there is...

SONY Is Near To Give Us New Buying Opportunities

by elliottwave-forecast.com | October 2, 2023 6:27 pm
Sony Group Corporation, commonly known as SONY, is a Japanese multinational conglomerate corporation. As a major technology company, it operates as one of the world’s largest manufacturers of consumer and professional electronic products, the largest video game...

$VKTX: Consolidation in Viking Therapeutics Provides an Opportunity

by elliottwave-forecast.com | October 2, 2023 6:17 pm
Viking Therapeutics Inc. is an innovative biotechnology company developing novel therapeutics for metabolic and endocrine diseases. Metabolic and rare disease programs include novel selective thyroid receptor-β agonist approach. These and other programs are currently within phases 1,...

$CT #F: Nesting Price Action in Cotton Provides an Opportunity

by elliottwave-forecast.com | October 2, 2023 5:54 pm
Cotton is one of soft commodities, along with sugar, coffee, orange juice and cocoa. In early centuries, Alexander the Great has brought cotton from Pakistan to Europe. Much later and finally, it has obtained the dominance in textile manufacturing during...

Is Discover Financial Services (DFS) Ready Next Rally?

by elliottwave-forecast.com | October 2, 2023 5:36 pm
Discover Financial Services (DFS) provides digital banking products & services, & payment services in United States. It operates through two segments – Digital banking & Payment services. It is based in Riverwoods, Illinois, comes under Financial services...

USDCAD Analysis – October 2, 2023

by ForexCycle.com | October 2, 2023 2:38 am
USD/CAD has experienced a bounce from 1.3379, extending as high as 1.3584. There is a possibility of a further rally in the coming days, with the next target to consider around the 1.3640 area. The immediate support...

USDJPY Analysis – October 2, 2023

by ForexCycle.com | October 2, 2023 2:27 am
USD/JPY has continued its upward movement from 144.43, reaching as high as 149.77. As long as the price remains above the rising trend line on the 4-hour chart, there is a possibility of the upside move continuing,...

AUDUSD Analysis – October 2, 2023

by ForexCycle.com | October 2, 2023 2:22 am
AUD/USD has faced rejection at the 0.6521 resistance level once again and remains in a trading range between 0.6330 and 0.6521. Given the failed breakout attempt, there is a likelihood of another decline towards the 0.6330 support...

GBPUSD Analysis – October 2, 2023

by ForexCycle.com | October 2, 2023 2:16 am
GBP/USD has encountered resistance at the falling trend line on the 4-hour chart, failing to break above it and subsequently pulling back from 1.2271. This suggests that the bounce observed from 1.2109 could be considered as a...