The USD/JPY pair has been exhibiting a clear downtrend pattern, as evidenced by its movement within a falling price channel on the 4-hour chart. This technical formation suggests that the pair is still in a downward trajectory...
The EUR/USD pair has recently broken below the rising price channel visible on the 4-hour chart, suggesting a possible shift in the short-term trend. Let’s break down the key levels and potential scenarios for traders to watch....
On Friday, July 19th, the Australian dollar (AUD) faced downward pressure against the US dollar (USD) due to several factors. Let’s break down the key influences and technical outlook for the AUD/USD pair. Key Factors Affecting AUD/USD...
On Friday, July 19th, the USD/JPY pair saw a slight increase of 0.07%, closing at 157.48. This movement came after mixed trading sessions following the release of Japan’s inflation data, which showed a second consecutive month of...
Last Friday’s gold price action provided valuable insights into its potential near-term direction. Let’s break down the key levels and possible scenarios: Recent Price Action This pattern suggests that gold may continue its downward trend following a...
The EUR/USD pair showed interesting price action last Friday, providing insights into its potential near-term direction. Let’s break down the key levels and possible scenarios: Recent Price Action This pattern suggests that the EUR/USD may continue its...
The British Pound (GBP) has recently experienced a significant move against the US Dollar (USD), breaking below a key support level. Let’s break down what this means for traders and what to expect in the coming days....
By Elliott Wave International Some investors who are fans of technical analysis may not realize that another way to look at many classic chart patterns — for example, Head and Shoulders — is to describe them in...
By Brian Whitmer | European Financial Forecast editor Charles Dow (yes, the one with the averages named after him) developed a foundational concept in technical analysis that requires that price movement in industrial stocks and transportation shares confirm one...
When investors and traders first discover the Elliott Wave Principle, they’re often most impressed by its ability to predict where a market will head next. And it is impressive! But its real power doesn’t end there; the...
