The EURUSD currency pair continues to face challenges as it remains below a prominent falling trend line on the 4-hour chart, reaffirming its downtrend from 1.1091. The price action following the bounce from 1.0759 can be interpreted...
The USDCAD currency pair has recently displayed resilience as it failed to break below the rising price channel on the weekly chart. This price action suggests that the pair remains in a long-term uptrend that originated from...
The USDJPY currency pair has recently exhibited a significant move, breaking above the key resistance level at 137.90. This breakout suggests that the downward correction from 151.94 has likely concluded at the 127.21 level, opening the door...
The AUDUSD currency pair is currently experiencing a period of consolidation as it navigates within a defined range. Traders are closely monitoring this range, as it provides insights into the potential future direction of the pair. It...
The GBPUSD currency pair is currently encountering a significant level of support as it approaches the rising trend line on the weekly chart. Traders are closely monitoring this level, as it could play a crucial role in...
The EURUSD currency pair has recently broken below the rising trend line on the weekly chart, signaling the start of a lengthier consolidation period for the long-term uptrend from 0.9535. This development has garnered attention from traders...
Archer-Daniels-Midland company, commonly known as ADM, is a multinational food processing and commodities trading corporation. Founded 1902, headquartered in Chicago and traded under the ticker $ADM at NYSE, it is a component of the S&P500 index. First...
The NASDAQ index has shown impressive strength as it extended its upward move from 10665 to reach as high as 13912, surpassing the previous high resistance at 13729. This significant breakout has caught the attention of traders...
A big advantage of Elliott waves is that they work at all timeframes. That’s a big claim! Is it legit? You bet. In a new, 15-minute trading lesson that uses LMT, GDX and S&P 500 as examples, our Trader’s Classroom editor Robert Kelley shows exactly...
The USDCAD pair has been trading within a relatively range, moving sideways between the support level at 1.3403 and the resistance level at 1.3567. This consolidation phase indicates a temporary pause in the market as buyers and...
