By Elliott Wave International Many investors and financial journalists believe that corporate earnings play a substantial role in driving stock market prices. This headline from a few months ago captures the traditional thinking (Business Insider, April): Stocks...
USDCAD is currently exhibiting a sideways movement within a rising price channel on the 4-hour chart. Despite being in a sideways trend, there is still potential for further upward movement, with the next target area being around...
USDJPY has continued its upward momentum, expanding from the 138.05 level to a high of 143.54. Based on this trend, it is plausible to anticipate further upside movement in the upcoming days, with the next potential target...
AUDUSD has breached the support level at 0.6622 and is currently approaching the next support level at 0.6594. If the price breaks below this level, it could potentially trigger further downside movement towards 0.6550, followed by 0.6450....
GBPUSD has broken below the support level at 1.2762, indicating the resumption of the downtrend from 1.3141. With this breakout, it is likely that further decline may be observed in the upcoming days. The next potential targets...
EURUSD has been trading within a range between 1.0943 and 1.1047, displaying a sideways movement. As long as the price remains below the descending trend line on the 4-hour chart, it is likely that the sideways movement...
USDJPY has successfully broken above the resistance level at 141.94, indicating the resumption of the uptrend from 137.23. With this breakout, it becomes plausible to anticipate further upward movement in the upcoming days. The next potential target...
AUDUSD is currently below the descending trend line on the 4-hour chart, indicating its continued downtrend from 0.6894. The recent price action from 0.6622 is likely a period of consolidation within this downtrend. As long as the...
GBPUSD is currently experiencing a downtrend that initiated from 1.3141, and the recent bounce from 1.2762 is likely a consolidation phase within this downtrend. As long as the resistance of the trend line remains intact, it is...
The EURUSD pair remains entrenched in a downtrend, stemming from 1.1275. The recent bounce from 1.0943 is likely a period of consolidation within the overall downtrend. As long as the price stays below the falling trend line...
