The GBP/USD currency pair has further extended its downward movement, declining from 1.2745 to a low of 1.2369. Currently, as long as the price remains below the falling trend line on the 4-hour chart, the downside move...
The USD/JPY currency pair is currently encountering resistance at the level of 147.87. If the price successfully breaks above this level, it would suggest a continuation of the upward move that began from 137.23, with the next...
The GBP/USD currency pair has experienced a downward movement, declining from 1.2745 to a low of 1.2395. Currently, if the resistance level at 1.2547 remains intact, it is likely that the downward movement will persist, with the...
EUR/USD has once again reached the bottom of the falling price channel on the 4-hour chart. This suggests that another bounce could be expected in the coming days, potentially leading to a move towards the next target...
By Elliott Wave International There’s a widespread belief that rising oil prices are bearish for the main stock indexes and falling oil prices are bullish for stocks. That belief is reflected in this Sept. 5 CNBC headline:...
USD/JPY experienced a failed attempt to break below the bottom of the rising price channel on the 4-hour chart and rebounded from 145.89. This suggests that the currency pair remains in an uptrend that commenced from 137.23....
EUR/USD is currently contained within a falling price channel on the 4-hour chart, indicating a downtrend that originated from 1.1275. As long as the channel resistance continues to hold, the recent bounce from 1.0685 could be viewed...
By Elliott Wave International As you may know, in every bull or bear market, some stocks or sector lead while others follow. So, the “leadership” in the stock market works both ways — in uptrends and down....
USD/CAD is currently approaching the support of a rising trend line on its 4-hour chart. If this trend line support holds, the recent pullback from 1.3694 could be considered a consolidation phase within the larger uptrend that...
USD/JPY is currently approaching the support of a rising price channel on the 4-hour chart. If this channel support holds, the recent pullback from 147.87 could be considered a consolidation phase within the larger uptrend that started...
