GBPJPY Continues Upward Post-Consolidation: Key Points to Note

by ForexCycle.com | January 17, 2024 1:20 am
After a period of consolidation, GBPJPY has broken through the 186.14 resistance level and kept its bullish position from the 178.72 level. As it currently stands, GBPJPY remains inside the ascending price channel on the 4-hour chart....

GBPUSD Dips Below Support: A Test and Possible Outcomes

by ForexCycle.com | January 17, 2024 1:06 am
GBPUSD has plunged below the 1.2673 support and is currently challenging the 1.2610 support level. If GBPUSD breaks below this 1.2610 support, it could suggest that the pair is caught in a downtrend wave from 1.2827. This...

EURUSD Breaks Support: The Downside Resumption and Potential Scenarios

by ForexCycle.com | January 17, 2024 12:54 am
Breaking news in the Forex market: EURUSD has crashed through the 1.0876 support level. This signifies a resumption of its downward movement, originally from 1.1139. A fresh resistance level has now formed at 1.0900. Should this line...

GDXJ Should Extend Higher in 2024

by elliottwave-forecast.com | January 16, 2024 4:44 pm
GDXJ is an ETF tracking small-cap gold and precious metals mining companies. It has a focus on smaller, more volatile firms. Thus it offers exposure to this precious metal sectors, but investors should be cautious of increased...

XAUUSD Analysis: Bullish Bias Holds, Eyes on 2088.24 and Beyond

by ForexCycle.com | January 16, 2024 7:12 am
Gold (XAUUSD) remains locked in an uptrend, having recently found support at the rising trend line on the daily chart. This suggests continued buying pressure and opens the door for further upward movement in the coming days....

GBPUSD: A Test of Support and Possible Directions

by ForexCycle.com | January 16, 2024 1:49 am
Right now, the GBPUSD pair is facing a major test at the 1.2673 support level. Should it break below this key point, we could potentially witness a further downside trajectory, heading towards the next support level pegged...

EURUSD at a Crossroads: 1.0910 Support Holds the Key

by ForexCycle.com | January 16, 2024 1:34 am
Currently, the EURUSD pair is testing the turbulent waters of the 1.0910 support threshold. A plunge underneath this level could pull the price towards the subsequent support mark at 1.0876. A decline further than this could set...