US Dollar Extends Upside Momentum Against Japanese Yen

by ForexCycle.com | May 29, 2024 12:49 am
The USDJPY currency pair has broken out above the key 156.79 resistance level, extending its impressive upside move that originated from the 151.86 low. The rally has carried the pair as high as 157.37 in recent trading...

EUROSTOXX (SX5E) Forecasting the Rally After Elliott Wave Double Three

by elliottwave-forecast.com | May 28, 2024 5:54 pm
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of EUROSTOXX (SX5E) Index published in members area of the website.  Our members know EUROSTOXX recently made a...

Is DFS (Discover Financial) Ready For Next Move Higher?

by elliottwave-forecast.com | May 28, 2024 5:44 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...

Elliott Wave Analysis Expects Nasdaq Futures (NQ) Continue Higher

by elliottwave-forecast.com | May 28, 2024 5:33 pm
Short Term Elliott Wave in Nasdaq Futures (NQ) suggests the rally from 4.19.2024 low is in progress as an impulse. Up from 4.19.2024 low, wave ((i)) ended at 17949 and dips in wave ((ii)) ended at 17386....

British Pound Extends Rally Against US Dollar

by ForexCycle.com | May 28, 2024 1:56 am
The GBPUSD currency pair has broken out above the 1.2761 resistance level, extending its impressive upside move that originated from the 1.2299 low. The rally has carried the pair as high as 1.2780 in recent trading sessions,...

Euro Breaks Out of Bearish Channel Against US Dollar

by ForexCycle.com | May 28, 2024 1:32 am
The EURUSD currency pair has broken out above the resistance of the falling price channel visible on the 4-hour chart. This technical breakout suggests that the recent pullback from the 1.0894 high has likely completed at the...

DAX Elliott Wave: Buying the Dips at the Blue Box Area

by elliottwave-forecast.com | May 27, 2024 4:41 pm
Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of DAX published in members area of the website.  DAX  is showing impulsive bullish sequences in the cycle from...

SMH Semiconductor ETF Reacted from a Blue Box Breaking to New Highs

by elliottwave-forecast.com | May 27, 2024 4:30 pm
The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that tracks a market-cap weighted index composed of 25 of the largest U.S.-listed semiconductor companies. The top holdings of SMH include companies like NVIDIA, Taiwan Semiconductor Manufacturing, Broadcom Inc., Texas Instruments, QUALCOMM, ASML Holding N.V., Applied Materials, Inc., Lam Research...

Another Bank Failure: How to Tell if Your Bank is At Risk

by ForexCycle.com | May 25, 2024 2:51 am
By Elliott Wave International Another bank failure, another underperforming share price. Philadelphia-based Republic First Bank was closed down on Friday, April 26, and the assets were sold to Fulton Bank. Republic First becomes the first bank failure...