AUD/USD Falls Amid Weak Chinese GDP Data and Commodity Prices

by ForexCycle.com | July 17, 2024 10:31 am
On Tuesday, July 16th, the Australian dollar (AUD) fell by 0.4% against the US dollar (USD), closing at 0.6733. Earlier in the day, the pair had dropped to a low of 0.6712. This decline was driven by...

Elliott Wave Suggests Right Side in Dow Futures (YM) Firmly Bullish

by elliottwave-forecast.com | July 16, 2024 5:36 pm
Dow Futures (YM) shows incomplete Elliott Wave bullish sequence from 4.19.2024 low favoring further upside. Rally from 4.19.2024 low is unfolding as a 5 waves impulse. Up from there, wave 1 ended at 40213 and pullback in...

TSM (Taiwan Semiconductor) Should Remain Supported In Pullback To Resume Rally

by elliottwave-forecast.com | July 15, 2024 9:33 pm
Taiwan Semiconductor Manufacturing Company Limited., (TSM) manufactures, packages, tests & sells integrated circuits & other semiconductor devices internationally. The company was headquartered in Taiwan, comes under Technology – Semiconductors sector & trades as “TSM” at NYSE. TSM...

Shopify (SHOP) is Nesting looking for a Rally

by elliottwave-forecast.com | July 15, 2024 9:23 pm
Shopify Inc. is a Canadian multinational e-commerce company in Ottawa, Ontario. Shopify (SHOP) is the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. The Shopify platform offers online retailers a suite of services including payments, marketing, shipping and customer engagement tools. SHOP Daily Chart July...