The USDCHF currency pair has broken below the rising trendline support visible on the daily chart and is now testing the key 0.8997 support level. This area will likely determine the pair’s near-term directional bias. Key Support...
The USDJPY currency pair extended its downside move from the 160.21 high to a low of 151.86 in recent trading sessions. However, the subsequent bounce from 151.86 has reached as high as 154.52, suggesting that the bearish...
By Elliott Wave International Paul Montgomery’s Magazine Cover Indicator postulates that by the time a financial asset makes it to the cover of a well-known news weekly, the existing trend has been going on for so long...
The USDCNH currency pair has broken below the 7.1713 key support level, suggesting that the recent upside move from the 7.0869 low has likely completed at the 7.2826 high. This technical breakdown opens the door for further...
As we kick off a new week, let’s take a look at the top five major economic events that will be in the spotlight: 1. U.S. Consumer Confidence Index On Friday, the United States will release the...
The AUDUSD currency pair has broken out above the 0.6586 resistance level, extending its impressive upside move from the 0.6361 low to a high of 0.6646 in recent trading sessions. The pair is now trading within the...
The GBPUSD currency pair has broken out above the falling trendline resistance visible on the 4-hour chart. This technical breakout suggests that the recent downside move from the 1.2893 high has likely completed at the 1.2299 low....
The EURUSD currency pair has staged an impressive rally from the 1.0600 low, breaking above the 1.0752 resistance level and extending its upside move to test the falling trendline resistance visible on the 4-hour chart. However, the...
EURUSD’s price action faces a critical juncture, with a key resistance level potentially dictating the future direction of the currency pair. This analysis examines the technical situation and explores potential scenarios. EURUSD Encounters Resistance: Upside Potential on...
WTI’s price action has taken a bearish turn, breaking a key support level. This analysis examines the technical situation and explores potential scenarios for the oil market. WTI Falls Below Channel: Downturn or Correction? Support and Resistance...
