The EURUSD currency pair has recently broken above a key resistance level at 1.0778, indicating a potential completion of the previous downside move from 1.1095, which ended at 1.0635. This breakout suggests a shift in market sentiment...
The USDCAD currency pair has recently broken below the lower border of a significant rising price channel on the weekly chart. This breakdown suggests a potential shift in the long-term market dynamics, indicating a possible end to...
The USDJPY currency pair has been experiencing an uptrend from its low at 127.21, with the price action remaining above a significant rising trend line on the weekly chart. This suggests that the bullish momentum is still...
The AUDUSD currency pair has been experiencing a long-term downtrend, which has persisted since its peak at 0.8006. Despite a recent rebound from 0.6170, the pair remains below a significant falling trend line on the weekly chart,...
The GBPUSD currency pair has been undergoing a consolidation phase, suggesting a temporary pause in the long-term uptrend that originated from 1.0352. The pullback from the recent high of 1.2679 is likely a period of consolidation before...
The EURUSD currency pair has been trading in a consolidation phase, indicating a pause in the long-term uptrend that originated from 0.9535. The price action from 1.1032 is likely a period of consolidation before the uptrend potentially...
By Elliott Wave International You may have heard that Germany has slipped into a recession. What you may not have heard is, the German government anticipated an economic uptick in Q1, not a slide. Reality failing to...
The USDCAD currency pair has experienced a continued downward movement from its recent high at 1.3654, reaching as low as 1.3320 and breaking below the 1.3340 support level. Currently, the pair is facing a critical support level...
The USDJPY currency pair has been trading within a defined range between the support level at 138.42 and the resistance level at 140.91. This range-bound price action indicates a period of consolidation for the uptrend that started...
The AUDUSD currency pair recently touched the resistance level at 0.6709 and subsequently pulled back from 0.6717. This price action suggests that a period of consolidation is currently underway, following the uptrend from 0.6457. Traders should closely...
