USDCAD Struggles: Downtrend Deepening or Temporary Dip?

by ForexCycle.com | April 23, 2024 9:31 am
USDCAD’s recent price action indicates continued weakness. This analysis examines the technical situation and explores potential scenarios for the currency pair. USDCAD Stuck in Downtrend: Downside Trajectory in Focus: Signs of a Reversal? Trend Reversal or False...

GBPUSD Under Pressure: Downtrend Confirmed or Correction Incoming?

by ForexCycle.com | April 23, 2024 8:37 am
GBPUSD’s recent price action suggests continued weakness. This analysis examines the technical situation and explores potential scenarios for the currency pair. GBPUSD Stuck in Downtrend: Downside Target in Focus: Upside Scenario: Signs of a Correction? Resistance Levels...

Elliott Wave Analysis on Tesla (TSLA): Is Correction Over?

by elliottwave-forecast.com | April 23, 2024 3:06 am
Short Term Elliott Wave view on Tesla (TSLA) suggests decline from 2.27.2024 high is in progress as a 5 waves impulse lower. Down from 2.27.2024 high, wave 1 ended at 160.51 and rally in wave 2 ended...

ANF Should Resume Rally From Extreme Areas

by elliottwave-forecast.com | April 22, 2024 3:25 pm
Abercrombie & Fitch Co., (ANF) operates as an omnichannel retailer in the United States, Europe, Middle East, Asia & Asia-Pacific & Internationally. The company offers an assortment of apparel, personal care products & accessories for men, women...

PAYPAL Elliott Wave Analysis – How Far Will Recovery Go?

by elliottwave-forecast.com | April 22, 2024 3:14 pm
PayPal Inc. is a leading force in digital finance, transforming online transactions since its inception in 1998. With a reputation for security and user-friendly services, PayPal facilitates seamless global payments for individuals and businesses alike. From peer-to-peer...

USDCHF in Focus: Uptrend Holding or Correction Underway?

by ForexCycle.com | April 22, 2024 1:49 am
USDCHF’s recent price action presents an interesting technical situation. This analysis examines the trend and explores potential scenarios for the currency pair. USDCHF Above Rising Trend Line: Upside Potential After Consolidation? Downtrend Scenario: Overall Sentiment: The technical...

EURUSD Stalled: Downtrend Paused or Finding New Lows?

by ForexCycle.com | April 22, 2024 1:08 am
EURUSD has been stuck in a holding pattern, neither gaining nor losing significant ground. This analysis examines the technical situation and explores potential scenarios for the currency pair. EURUSD in a Trading Range: Upside Potential or False...

3 Signs of Developing U.S. Economic Slowdown

by ForexCycle.com | April 20, 2024 12:40 am
By Elliott Wave International Recent headlines about the U.S. economy are rosy: It’s all well and good to announce positive economic news. Yet, consumers of such news may not be getting the full story. In other words,...

USDJPY Trend Update: Uptrend Pausing for Consolidation or Reversal?

by ForexCycle.com | April 19, 2024 10:42 am
USDJPY’s recent price action suggests a shift in momentum. This analysis examines the technical situation and explores potential scenarios for the currency pair. USDJPY Breaks Trend Line Support: Range-Bound Trading Expected: Uptrend Resumption or Reversal? Overall Sentiment:...