USDJPY continues its upward journey, staying within a rising price channel on the 4-hour chart. This suggests the uptrend initiated at 145.89 remains intact. Let’s dive into the technicals to understand the potential scenarios for the pair’s...
AUDUSD finds itself at a critical juncture, testing the key resistance level of 0.6543. Whether this signifies a potential trend reversal or simply a pause within the prevailing downtrend remains to be seen. Let’s delve into the...
EURUSD faces a critical decision point, hovering near the key resistance level of 1.0805. Let’s dissect the technicals to understand whether a breakout or a retreat within the established downtrend is more likely. Upside Potential: Breakout or...
The first live session for Parallax Trading’s 6-week intensive trading course, The Parallax Way Group Trading Course, takes place on Monday, February 26. To help you decide if the course is right for you, Elliott Wave International’s Vadim Pokhlebkin...
USDCAD’s recent surge above 1.3543 resistance was short-lived, as the pair has pulled back and broken below 1.3510 support. Let’s analyze the technicals to understand what this means for the pair’s near-term direction. Range Trading or Downtrend?...
USDCHF’s recent rally encountered resistance at 0.8885, leading to a pullback that’s currently testing support at 0.8775. Let’s analyze the technicals to understand whether this is a temporary pause or a sign of a deeper decline. Uptrend...
USDJPY continues its upward journey, but is a further rally imminent, or is a period of consolidation or even a pullback brewing? Let’s analyze the technicals to understand the potential scenarios. Uptrend Intact: Consolidation or Further Gains?...
EURUSD finds itself caught in a tug-of-war between bulls and bears, oscillating within a trading range of 1.0694 and 1.0805. Let’s dissect the technicals to understand whether this signifies a pause in the downtrend or simply a...
USDCHF has been on a tear, extending its upward journey from 0.8550 to reach a new high of 0.8885. But will this bullish momentum continue, or is a period of consolidation or even a pullback on the...
GBPUSD has dropped below the key support level of 1.2571, raising concerns about a potential continuation of the downtrend from 1.2827. Let’s analyze the technicals to understand what this means for the pair’s near-term direction. Downtrend Resumption...
