The XAUUSD (spot gold) remains in an overall uptrend that originated from the 1810 level. The recent pullback from the 2431 high is likely a consolidation phase within this broader uptrend. Range-Bound Trading Expected Over the next...
In the upcoming week, there are four major economic events that investors and market participants should keep an eye on: 1. US Inflation Data Release On Wednesday, the US will release its April inflation data. With previous...
The AUDUSD currency pair has failed to break below the rising price channel support visible on the 4-hour chart. Instead, the pair has been trading sideways in a range between 0.6557 and 0.6646 over the past several...
After testing the key 1.2448 support level, the GBPUSD currency pair has staged an impressive rebound, rallying to the 1.2553 area in recent trading sessions. This bounce higher is likely the resumption of the broader uptrend that...
The EURUSD currency pair is once again facing resistance from the falling trendline visible on the 4-hour chart. This trendline will likely determine the pair’s near-term directional bias. As long as the trendline resistance holds on a...
The BTCUSD cryptocurrency pair has extended its pullback from the 73,830 high, falling as low as 56,434 in recent trading sessions. Further near-term losses toward the 52,000 area appear possible as the correction unfolds. Consolidation Within Uptrend...
The GBPUSD currency pair has broken below the rising trendline support visible on the 4-hour chart. This technical breakdown suggests that the recent upside move from the 1.2299 low has likely completed at the 1.2633 high. Deeper...
The USDJPY currency pair has extended its impressive upside move, rallying from the 151.86 low to a high of 155.69 in recent trading sessions. The bullish momentum shows no signs of letting up just yet. Further Upside...
It’s always a good idea to get a refresher on the basics of Elliott wave analysis. With that in mind, our friends at Elliott Wave International have just released 3 videos that teach you the Why, What and How of wave...
The Nasdaq 100 index (NAS100) has staged an impressive bounce from the 16,973 low, rallying as high as 18,170 in recent trading sessions. However, this upside move is likely a corrective bounce within the broader downtrend from...
