The GBP/USD pair is currently facing a crucial resistance level at the falling trend line on the 4-hour chart. This resistance could determine the pair’s short-term direction and potentially signal a bullish reversal. Key Levels to Watch...
On Wednesday, August 7th, the Australian dollar (AUD) slipped by 0.01% against the US dollar (USD), closing at 0.6517. This drop erased an earlier 0.85% gain, leaving the AUD nearly unchanged from the previous day’s close. Recent...
On Wednesday, August 7th, the Japanese yen experienced a decline, reaching a daily low of 147.88 against the US dollar. This movement followed comments from Shinichi Uchida, Deputy Governor of the Bank of Japan (BOJ), who emphasized...
On Wednesday, gold prices experienced some fluctuations, finding support above 2378 and facing resistance below 2407. This movement suggests that after a short-term dip, gold may be poised for an upward trend. Key Levels to Watch Potential...
On Wednesday, the EUR/USD pair experienced some movements, finding support above 1.0905 and encountering resistance below 1.0940. This suggests that after a short-term rise, the EUR/USD might continue its downward trend. Key Levels to Watch Potential Scenarios...
By Elliott Wave International Nearly everyone who buys groceries, fills their car tank with gas, pays rent, buys car insurance and so on is talking about the high cost of living. And it’s true that consumer price...
The GBP/USD pair has extended its downward move from 1.3044 to a recent low of 1.2672. Let’s break down the key levels and potential scenarios for traders to watch in the coming days. Current Trend Key Levels...
The EUR/USD pair has shown price action recently, suggesting a possible shift in short-term trends. Let’s break down the key levels and potential scenarios for traders to watch. Recent Price Action This pattern indicates that after a...
The USD/JPY pair has seen significant movement recently, extending its decline from 161.95 to a low of 141.68. However, a subsequent bounce to 146.36 suggests that the pair is currently in a consolidation phase. Here’s what to...
Last week, the Bank of England (BoE) cut interest rates by 25 basis points, causing the GBP/USD to initially drop to around 1.27. However, following unexpectedly weak US non-farm payroll data, the pair rebounded, closing at 1.2801...
