Ripple is the third-largest cryptocurrency by market capitalization, after Bitcoin and Ethereum. It’s distributed financial technology allows banks to efficiently settle transactions in real time. An alternative to today’s global payment infrastructure, Ripple eliminates time delays and ensures...
Short term GBPJPY Elliott Wave view suggests the decline from 5/10 high shows a 5 swing sequence, thus favoring more downside. Decline from 5/10 high is unfolding as a double three Elliott Wave structure. Down from 5/10 peak (148.11), Minor wave...
USDCAD broke below the bottom trend line at 1.3435 of the price channel on its daily chart, suggesting that the uptrend started from the January 31 low of 1.2968 had completed at the May 5 high of...
The US dollar fell during the session on Monday, breaking below the 110 level rather early. We went sideways after that, but then try to break above that level. We found sellers again, and it now looks...
The US dollar went back and forth with a general negative attitude during the day on Monday. We continue to see the Canadian dollar enjoy strength due to the stronger-than-expected employment figures last week, but ultimately, I...
The British pound initially did very little at the open on Monday, but as the Europeans came back to work, you can see that we sliced through the 1.2750 level, and then broke down to the 1.2650...
The EUR/USD pair initially rallied on Monday, as we reached towards the 1.1225 level. We did pull back to the 1.12 handle, an area that should offer a certain amount of psychological support. If we can bounce...
The Australian dollar initially went sideways during the Monday trading hours, but eventually found buyers as the market started to reach towards the 0.7550 level above. That’s an area that will cause a little bit of resistance,...
EURGBP was previously trading inside a range with support around .8400 and resistance at .8800. Just recently, the pair broke past the resistance to signal that buyers are taking hold. Price closed back below the resistance in...
By Elliott Wave International The Elliott wave model often indicates a stock market outlook that’s at odds with the sentiment of the crowd. But, that’s okay. The crowd is usually wrong at major market turns. For example,...
