The EURCAD pair has been displaying interesting market trends after a recent consolidation period and a significant support level break. Sideways Consolidation and Market Shift Following a period of sideways consolidation, the EURCAD pair, oscillating in the...
The USDCAD pair has recently witnessed significant market movements, pivoting between notable resistance and support levels, influencing the overall market trend. Recent Failed Breakout Attempt USDCAD endeavored to breakout of the 1.3541 resistance level but ended up...
The AUDUSD has been experiencing an ongoing downtrend, with the potential for significant market changes in the near future. Persistence of Current Downtrend Originating from 0.6870, AUDUSD continues to remain in a downtrend. Price action within the...
The EURUSD currency pair has been demonstrating a notable downward movement in recent times, with significant developments in price points. Breach of 1.0821 Support Level The EURUSD broke below the 1.0821 support level, extending its downside movement...
The USDCHF is displaying a positive trend on the 4-hour chart, entrenched within a rising price channel. This uptrend originates from the 0.8332 mark. Continued Ascendancy and Potential Resistance The continuity of the upward movement largely hinges...
EURGBP has sustained its retreat from the previous 0.8714 level to a recent low at 0.8520. The downward momentum is anticipated to continue as long as the price remains anchored below the descending trend line visible on...
The USDCAD has been staying within a trading spectrum, maneuvering sideways between 1.3414 and 1.3541. Notably, USDCAD recently undertook a failed bid to breach the 1.3541 resistance, resulting in a pullback to the 1.3465 level. As the...
The USDJPY is currently hanging out in a rising price channel on the 4-hour chart, a signal that the uptrend from 140.25 remains alive and well. As long as the channel’s support maintains its grip, we can...
In the recent timeframe, the EURUSD has been exhibiting lateral motion in a defined trading range between 1.0821 and 1.0932. This trading range is likely a pause or consolidation for the downtrend that began at 1.1139; hence,...
By Elliott Wave International The price action of bitcoin has been the very epitome of volatility. The good news for Elliott wave practitioners is that the greater the emotional swings in a financial market, the clearer the...
