GBP/USD has broken below the rising price channel on the 4-hour chart, indicating that the uptrend from 1.2664 has likely ended at 1.3265. Current Outlook Conclusion GBP/USD is currently in a downward trend after breaking key support...
USD/JPY is currently testing the 147.34 resistance level, a critical point that could determine the pair’s next move. Potential Scenarios Conclusion USD/JPY is at a pivotal point, with the 147.34 resistance level in focus. A breakout could...
EUR/USD has continued its downward move, dropping from 1.1201 to a low of 1.1041. Key Levels to Watch Conclusion EUR/USD is in a downtrend, with the key resistance at 1.1100 determining the next move. A break below...
USD/JPY has broken above the falling trend line on the 4-hour chart, signaling that the downtrend from 149.36 has likely ended at 143.44. What to Expect Next? Conclusion USD/JPY has shifted back into an uptrend after breaking...
By Elliott Wave International Recession coming or not, people are still EXTREMELY bullish. Read this excerpt from the May 17, 2024 Elliott Wave Theorist: Record Sentiment Readings for Stocks Investors are enamored with stocks that pay little or...
EUR/USD has extended its decline from 1.1201, dropping to a low of 1.1055. What’s Next? Conclusion EUR/USD remains under pressure with further downside possible if it breaks below key support at 1.1055. Traders should watch for potential...
EUR/USD has broken below the rising price channel on the 4-hour chart and is now approaching the key support level at 1.1097. What’s Next? Conclusion EUR/USD has dipped below its rising price channel, but the uptrend may...
The AUD/USD currency pair has continued its impressive upward momentum, extending its move from 0.6349 to a recent high of 0.6812. This sustained growth reflects positive market sentiment and suggests potential for further gains in the near...
For the past two days, EUR/USD has been moving sideways, trading within a range of 1.1149 to 1.1201. What Does This Mean? Conclusion EUR/USD is currently in a consolidation phase within a strong uptrend. While the pair...
GBP/USD has extended its upward momentum, climbing from 1.2664 to a recent high of 1.3246. What’s Next? Conclusion GBP/USD is maintaining its strong upward trajectory, with potential targets at 1.3350 and 1.3500. However, traders should be cautious...
