The NASDAQ 100 has recently made an exciting move by breaking above the significant resistance level of 21,484. This upward momentum suggests that the downward movement, which saw the index dip to 20,798 from a high of...
The Euro continues to show weakness against the US Dollar, with recent price action suggesting more downside potential. Here’s what traders need to know about the current technical setup. Recent Price Action The EURUSD pair has experienced...
By Elliott Wave International “It’s going to make 2008 look like child’s play,” says ElliottWave Trader’s Avi Gilburt when discussing the precarious balance sheets of U.S. banks with Elliott Wave International’s Robert Prechter. In the just-released webinar...
The EUR/USD currency pair is currently encountering a significant resistance level within a falling price channel on the 4-hour chart. As traders observe market movements, it’s essential to note that as long as this channel resistance remains...
By Elliott Wave International Deflation’s grip on the world’s second largest economy is getting tighter. As Bloomberg noted on Sept. 9: China’s Deflationary Spiral Is Now Entering Dangerous New Stage The demand for goods has been weakening....
The EUR/USD currency pair has been on a downward trajectory, recently dropping from 1.0936 to a low of 1.0550. This decline has raised some important technical levels to watch. Currently, key resistance is identified at 1.0653. As...
The EURUSD currency pair has recently seen a significant shift, breaking below the crucial support level of 1.0682. This move has extended its decline from a high of 1.0936, with the pair dipping as low as 1.0628....
The EUR/USD currency pair has encountered some challenges recently, failing to break above the resistance level of 1.0831. This resistance has proven to be a significant barrier, and as the market reacts, traders should keep a close...
By Elliott Wave International The Fed’s September lowering of the fed funds rate was greeted with widespread celebration on Wall Street. Yet, history shows that such moves by the Fed don’t always translate into a glowing economy....
After a significant downturn that saw the EURUSD pair plummet from 1.0936 to a low of 1.0682, the currency pair is showing signs of life once again. This recent bounce has caught the attention of forex traders,...
