By Elliott Wave International In November 2020, when fears were rampant over a second wave of the coronavirus pandemic, the president of the European Central Bank called for economic stimulus (Reuters): Facing gloomy outlook, Lagarde calls for...
The USDCAD currency pair has been exhibiting a downtrend from the 1.3654 level, with a recent bounce observed from the low of 1.3177. This rebound is likely a period of consolidation within the prevailing downtrend. Currently, the...
The USDJPY currency pair has been maintaining an uptrend from the 138.42 level, with a recent pullback observed from the high of 142.24. This retracement is likely a period of consolidation within the ongoing uptrend. In the...
The AUDUSD currency pair has experienced a short-term downtrend, with a recent rebound observed after touching the 0.6755 support level. The bounce occurred from a low of 0.6752, suggesting a period of consolidation for the downtrend from...
The GBPUSD currency pair has exhibited a resilient uptrend, remaining within a rising price channel on the 4-hour chart. The pair’s upward movement from 1.2307 has been notable, with a recent pullback observed from the high of...
The EURUSD currency pair has shown resilience in maintaining its uptrend, remaining above a rising trend line on the 4-hour chart. The pair’s upward movement from 1.0635 has been notable, with recent price action indicating a pullback...
The USDCAD currency pair has been in a persistent downtrend, remaining below a falling trend line on the 4-hour chart. This trend line resistance has been a significant level that has prevented the pair from reversing its...
The USDJPY currency pair has experienced a notable upside move, extending from 133.49 to reach a high of 142.24. This upward momentum suggests that further gains may be in store for the pair in the coming days....
The AUDUSD currency pair experienced a significant development as it broke below the rising price channel on the 4-hour chart. This breach suggests that the upside move from 0.6457 has potentially completed at the recent high of...
The GBPUSD currency pair has demonstrated resilience, remaining within a rising price channel on the 4-hour chart and sustaining its uptrend from 1.2307. The recent pullback from the high of 1.2847 can be seen as a consolidation...
