The GBPUSD pair has experienced continued downward movement, extending its decline from the recent high of 1.2847 to as low as 1.2605. This suggests that the bearish pressure remains intact, and further downside potential could be expected...
The EURUSD pair has displayed resilience in recent trading sessions, breaking above the key resistance level at 1.0920 and signaling a potential shift in market dynamics. The breakout suggests that the pair is now in an uptrend...
SMI is a Swiss Market Index representing a capitalization-weighted measure of the 20 most significant stocks on the SIX Swiss Exchange in Zurich; the ticker is $SMI. In the initial blog article from November 2020, we were calling the “COVID-19”...
In the dynamic world of beauty and cosmetics, e.l.f. Beauty Inc (NYSE : ELF ) has been making waves with its innovative products and customer-centric approach. The company has been riding a strong wave of bullish sentiment, driven...
The USDCAD pair has shown persistent weakness, breaking below the previous low of 1.3138 and extending its downside move from 1.3654 to reach as low as 1.3131. The price action suggests a continuation of the downtrend, with...
The USDJPY currency pair has been exhibiting a resilient uptrend since its low of 138.42. Although the recent pullback from 143.86 may give the impression of a reversal, it is more likely a consolidation phase within the...
The AUDUSD currency pair is currently encountering a significant obstacle in the form of a resistance level represented by a falling trend line on the 4-hour chart. The pair’s recent rebound from 0.6662 is being viewed as...
The GBPUSD currency pair has been trading within a short-term downtrend, following its decline from the recent high of 1.2847. As long as the key resistance level at 1.2785 holds, market participants anticipate further downside potential, with...
The EURUSD currency pair has recently broken above the key resistance level at 1.0920, indicating a potential shift in the market dynamics. This breakout suggests that the downside movement from 1.1011 has likely completed at the previous...
Hello everyone. In today’s article, we will look at the past performance of the 1 Hour Elliott Wave chart of SPDR Consumer Discretionary ETF ($XLY). The rally from 5.31.2023 low unfolded as a 5 wave impulse with...
