EURGBP has been in a downtrend, starting from 0.8714, and the downside move has extended to as low as 0.8600. This indicates the prevailing bearish momentum in the pair. Immediate resistance is identified at 0.8639. As long...
The GBPUSD currency pair attempted to break below the 1.2610 support level but failed and rebounded to 1.2770. This rebound suggests potential strength in the pair. A further rise to test the 1.2827 resistance level could be...
The EURUSD currency pair has experienced a continued downward move, reaching as low as 1.0876 from a previous high of 1.1139. This decline indicates the potential for further downside momentum. The next target for the pair is...
By Elliott Wave International The extent of today’s upbeat mood toward the U.S. stock market is captured in these two headlines: This goes way beyond the typically positive bias around the holiday season. It’s much closer to...
On the 4-hour chart, the EURCAD currency pair has formed a wedge pattern. This pattern is characterized by converging trendlines, indicating a period of consolidation and potential volatility ahead. A breakdown below the lower border of the...
The USDJPY currency pair has experienced a significant breakthrough, surpassing the key resistance level at 144.95. This breakout indicates that the previous downward movement from 151.90 has likely concluded at 140.25. The recent price action suggests the...
The GBPUSD currency pair has been trading sideways within a range bound by 1.2610 and 1.2827. This consolidation phase suggests a period of indecision in the market, with buyers and sellers closely balanced. Looking ahead, there is...
The EURUSD currency pair has made a significant breakthrough, surpassing the resistance level at 1.0965. This breakout suggests that the previous downward movement from 1.1139 has concluded at 1.0893. The recent price action indicates a potential upward...
We are feeling the holiday spirit! Our friends at Elliott Wave International have just launched a new event for traders & investors. It’s called the “12 Days of Elliott.” From December 1st through the 12th, you get free access to 12...
Gold has long been seen as the refuge for investors who are concerned about economic downturns and inflation. And it’s tempting to attribute the metal’s price movements to factors like supply and demand, the dollar and interest rates. But...
