In recent movements, GBPUSD has managed to extend its climb from 1.2596 to an impressive high of 1.2732. The rise doesn’t seem to be stopping here, as further ascension is a possibility in the upcoming days. Subsequently,...
The EURUSD pair tested but couldn’t break the 1.0910 resistance, leading it to remain within the trading range of 1.0844 and 1.0910. As long as the pair struggles to break past the 1.0910 resistance, the price action...
Trading in financial markets can be an exhilarating and potentially lucrative endeavor, but it also carries inherent risks. One of the key challenges for traders is managing these risks effectively. This is where the trailing stop loss...
In a recent development, the USDCAD pair has broken below the rising trend line on its 4-hour chart. This move insinuates that the uptick from 1.3176, which capped at 1.3541, is now wrapped up. Where are we...
Looking at the USDJPY pair, it seems to be holding its ground above a rising trend line on its 4-hour chart, a promising sign that the pair is persisting along the bullish trend that started at 140.25....
EURUSD is currently pushing against the resistance at 1.0910. If this barrier is broken, we could gear up for another uptrend towards the resistance set at 1.0998. Should the pair breach this resistance, the focus then shifts...
By Elliott Wave International Elliott Wave International’s research reveals that the overall mindset of investors tends to follow a similar path each time around. That is — market participants generally go from feeling deeply pessimistic all the...
GBPJPY has made a notable surge, scaling up from 178.72 right up to 188.90, and breaking past the previously set resistance at 188.64. However, we’ve started to see a pullback from this spire at 188.90, indicating that...
Our focus in today’s Forex update is EURGBP, which has stretched its downside trend from 0.8714 to as far as 0.8554. In the current scenery, immediate resistance lies at 0.8590. As long as this mark serves as...
In the Forex spotlight today we have EURCAD, which has managed to break below the bottom of the rising price channel as seen on its 4-hour chart. This suggests that we could potentially be in for a...
