‘You Have a Wave Count… Now What?’

by ForexCycle.com | February 18, 2024 6:29 am
The first live session for Parallax Trading’s 6-week intensive trading course, The Parallax Way Group Trading Course, takes place on Monday, February 26. To help you decide if the course is right for you, Elliott Wave International’s Vadim Pokhlebkin...

USDCAD Retreats: Range Trading or Trend Reversal?

by ForexCycle.com | February 16, 2024 2:32 am
USDCAD’s recent surge above 1.3543 resistance was short-lived, as the pair has pulled back and broken below 1.3510 support. Let’s analyze the technicals to understand what this means for the pair’s near-term direction. Range Trading or Downtrend?...

USDCHF Pulls Back: Will Support Hold or Give Way?

by ForexCycle.com | February 16, 2024 2:10 am
USDCHF’s recent rally encountered resistance at 0.8885, leading to a pullback that’s currently testing support at 0.8775. Let’s analyze the technicals to understand whether this is a temporary pause or a sign of a deeper decline. Uptrend...

USDJPY Holds Uptrend: Breakout or Retracement on the Horizon?

by ForexCycle.com | February 16, 2024 1:50 am
USDJPY continues its upward journey, but is a further rally imminent, or is a period of consolidation or even a pullback brewing? Let’s analyze the technicals to understand the potential scenarios. Uptrend Intact: Consolidation or Further Gains?...

USDCHF Climbs Higher: Consolidation or Continued Rally?

by ForexCycle.com | February 15, 2024 1:36 am
USDCHF has been on a tear, extending its upward journey from 0.8550 to reach a new high of 0.8885. But will this bullish momentum continue, or is a period of consolidation or even a pullback on the...

GBPUSD Breaks Support: Downtrend Resumes or Brief Dip?

by ForexCycle.com | February 15, 2024 1:16 am
GBPUSD has dropped below the key support level of 1.2571, raising concerns about a potential continuation of the downtrend from 1.2827. Let’s analyze the technicals to understand what this means for the pair’s near-term direction. Downtrend Resumption...

EURUSD Stuck in Downtrend: Will It Break Lower or Consolidate?

by ForexCycle.com | February 15, 2024 1:02 am
EURUSD remains trapped beneath a bearish technical picture, raising concerns about further declines. Let’s analyze the key levels and potential scenarios based on current technicals. Downtrend in Play: Key Support Levels to Watch Hope for Consolidation or...

GameStop (GME): 88% Shellacking Yet No Lesson Learned

by ForexCycle.com | February 15, 2024 12:20 am
By Elliott Wave International Back in early 2021, the meme stock craze was going strong. As you’ll recall that craze was all over the news and revolved around favorite stocks promoted by largely novice traders via social...

NextGen Energy (NXE) Pullback Should Continue to Find Buyers

by elliottwave-forecast.com | February 14, 2024 9:10 pm
NextGen Energy ($NXE) is a Canadian uranium exploration and development company focused on advancing its high-grade Arrow deposit in the Athabasca Basin in Saskatchewan. With a robust portfolio of uranium assets and a strong emphasis on sustainable...