In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of XLY. We presented to members at the elliottwave-forecast. In which, the rally from 13 March 2023 low unfolded as an impulse structure....
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USDCAD has broken above the resistance level at 1.3386. With this breakout, there is potential for further upside movement in the coming days. The next target for the pair could be around the 1.3500 area. Immediate support...
USDJPY has broken below the support level at 141.94, indicating that the upside move from 138.05 potentially completed at 143.88. With this breakdown, there is a likelihood of further decline in the coming days. The next target...
AUDUSD is in a downtrend from 0.6894, and the price action from 0.6513 can be seen as consolidation within this downtrend. It is likely that the pair will engage in range trading between the support at 0.6513...
GBPUSD experienced a rebound from the 1.2619 level after being contained by the support at 1.2590. However, it is important to note that as long as the price remains below the falling trend line on the 4-hour...
EURUSD is currently encountering the resistance of the falling trend line on the 4-hour chart. As long as the price remains below the trend line resistance, the bounce from 1.0912 could be viewed as a consolidation phase...
USDCAD is currently confronting the resistance of the falling trend line on the weekly chart. As long as the price remains below the trend line resistance, the bounce from 1.3092 could be considered a consolidation phase within...
USDJPY is within a rising price channel on the weekly chart, and it remains in a long-term uptrend from 127.21. The recent pullback from 145.06 can be seen as a consolidation phase within this uptrend. As long...
AUDUSD has been trading in a sideways range between 0.6170 and 0.7157 for several weeks. The sideways movement is likely a consolidation phase within the long-term downtrend from 0.8006. As long as the resistance of the falling...
