The USDJPY currency pair has been trading within a defined range, moving sideways between the support level at 138.42 and the resistance level at 140.91. Traders are closely monitoring price action within this range, as it could...
The AUDUSD currency pair has been on a steady upward trajectory, extending its upside movement from the 0.6457 level to reach as high as 0.6683. Traders are now eyeing the potential for further gains as the pair...
The GBPUSD currency pair has been locked in a persistent downtrend from its peak at 1.2679. Despite a recent bounce from the 1.2307 level, it is likely a temporary consolidation within the broader downward movement. As the...
The EURUSD currency pair has been entrenched in a persistent downtrend from its peak at 1.1095. Currently, the pair remains within a falling price channel on the 4-hour chart, suggesting that the bearish momentum is still intact....
Here’s the thing that most successful traders have in common: a solid trading plan. Want to learn the keys to building a solid plan? Elliott Wave International’s Senior FX Analyst, Michael Madden, shows you how to use...
Good Day Traders and Investors. In today’s article, we will look at the past performance of the 1 Hour Elliott Wave chart of Microsoft Corp. ($MSFT) The rally from 5.24.2023 low unfolded as a 5 wave impulse...
Chevron Corporation (ticker: CVX), commonly known as Chevron, is one of the world’s largest multinational energy corporations. The company operates in all aspects of the oil, natural gas, and geothermal energy industries. This includes exploration, production, refining,...
The USDCAD currency pair has been in a persistent downtrend since reaching a high of 1.3654. While there has been a recent bounce from the low of 1.3406, it is likely to be a temporary consolidation phase...
The USDJPY currency pair has experienced a significant pullback, reaching as low as 138.42. However, the subsequent bounce suggests that the pair remains in the overall uptrend that started from the 133.49 level. This bounce indicates a...
The AUDUSD currency pair recently experienced a significant development as it broke above a falling trend line on the 4-hour chart. This breakout suggests a shift in the pair’s momentum, indicating a potential uptrend from the low...
