EUR/USD Analysis: Pullback from 1.1008 Finds Support at 1.0870

by ForexCycle.com | August 12, 2024 1:15 am
The EUR/USD pair has experienced a pullback from the 1.1008 resistance level, extending as low as 1.0881. However, as long as the price remains above the 1.0870 support, this pullback can be treated as a correction within...

ONDO Finance Getting Ready For Bullish Reversal

by elliottwave-forecast.com | August 8, 2024 7:33 pm
ONDO Finance is one of the leading applications for enabling real-world asset tokenisation (RWA). ONDO is the governance token for Flux Finance and the Ondo DAO. In today’s article, we’ll explore the daily Elliott Wave structure and explain the potential bullish...

AUD/USD Analysis: Struggling to Maintain Gains Amid Market Volatility

by ForexCycle.com | August 8, 2024 8:39 am
On Wednesday, August 7th, the Australian dollar (AUD) slipped by 0.01% against the US dollar (USD), closing at 0.6517. This drop erased an earlier 0.85% gain, leaving the AUD nearly unchanged from the previous day’s close. Recent...

Yen’s Volatility Amid BOJ’s Policy Stance

by ForexCycle.com | August 8, 2024 8:13 am
On Wednesday, August 7th, the Japanese yen experienced a decline, reaching a daily low of 147.88 against the US dollar. This movement followed comments from Shinichi Uchida, Deputy Governor of the Bank of Japan (BOJ), who emphasized...

Gold Price Analysis: Key Levels and Potential Movements

by ForexCycle.com | August 8, 2024 7:52 am
On Wednesday, gold prices experienced some fluctuations, finding support above 2378 and facing resistance below 2407. This movement suggests that after a short-term dip, gold may be poised for an upward trend. Key Levels to Watch Potential...

EUR/USD Analysis: Key Support and Resistance Levels to Watch

by ForexCycle.com | August 8, 2024 3:24 am
On Wednesday, the EUR/USD pair experienced some movements, finding support above 1.0905 and encountering resistance below 1.0940. This suggests that after a short-term rise, the EUR/USD might continue its downward trend. Key Levels to Watch Potential Scenarios...

FTSE bounces from the blue box; full recovery in sight?

by elliottwave-forecast.com | August 7, 2024 5:31 pm
Hello, traders! Welcome to a new blog post where we discuss how our Blue Box strategy helps ElliottWave-Forecast members identify high-confidence trade opportunities across 78 instruments. In this post, we’ll focus on the FTSE. The $FTSE is...

Cisco Systems CSCO is Showing Weakness to Build a Triple.

by elliottwave-forecast.com | August 7, 2024 5:20 pm
Cisco Systems, Inc., commonly known as Cisco (CSCO), is an American-based multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products. CSCO Daily Chart March 2024 In the chart above, we can...

This Trend Will Likely Soon Rock the U.S. Financial System

by ForexCycle.com | August 7, 2024 1:22 am
By Elliott Wave International Nearly everyone who buys groceries, fills their car tank with gas, pays rent, buys car insurance and so on is talking about the high cost of living. And it’s true that consumer price...