EURGBP Tugs Lower: A Study of Downside Resilience and Resistances

by ForexCycle.com | January 26, 2024 2:46 am
EURGBP has sustained its retreat from the previous 0.8714 level to a recent low at 0.8520. The downward momentum is anticipated to continue as long as the price remains anchored below the descending trend line visible on...

USDCAD Trading Maze: Failed Breakouts and Possible Lows

by ForexCycle.com | January 26, 2024 2:35 am
The USDCAD has been staying within a trading spectrum, maneuvering sideways between 1.3414 and 1.3541. Notably, USDCAD recently undertook a failed bid to breach the 1.3541 resistance, resulting in a pullback to the 1.3465 level. As the...

The Ascend of USDJPY: The How and The What Next

by ForexCycle.com | January 26, 2024 2:20 am
The USDJPY is currently hanging out in a rising price channel on the 4-hour chart, a signal that the uptrend from 140.25 remains alive and well. As long as the channel’s support maintains its grip, we can...

The Dance of EURUSD: Sideways Movements and Consolidations

by ForexCycle.com | January 26, 2024 2:02 am
In the recent timeframe, the EURUSD has been exhibiting lateral motion in a defined trading range between 1.0821 and 1.0932. This trading range is likely a pause or consolidation for the downtrend that began at 1.1139; hence,...

Twist Bioscience Corp (NASDAQ: TWST) Daily Investment Opportunity

by elliottwave-forecast.com | January 25, 2024 7:22 pm
Twist Bioscience (NASDAQ: TWST) is a public biotechnology company founded in 2013 and it’s based in South San Francisco. It manufactures synthetic DNA and DNA products for customers in a wide range of industries. In this article, we will...

Make Bitcoin’s Volatility Work for You

by ForexCycle.com | January 25, 2024 1:57 am
By Elliott Wave International The price action of bitcoin has been the very epitome of volatility. The good news for Elliott wave practitioners is that the greater the emotional swings in a financial market, the clearer the...

Ascending GBPUSD: Navigating Resistance and Support Levels

by ForexCycle.com | January 25, 2024 1:19 am
The GBPUSD is on a decisive upward march, stretching its positive streak from 1.2596 to a new high of 1.2774. At this stage, it is coming up against the resistance level of 1.2785. A successful surge above...