Short Term Forex Analysis
EUR/USD Faces Channel Resistance Amid Consolidation
The EUR/USD currency pair is currently encountering a significant resistance level within a falling price channel on the 4-hour chart. …EUR/USD Update: Downward Trend Continues
The EUR/USD currency pair has been on a downward trajectory, recently dropping from 1.0936 to a low of 1.0550. This …EURUSD Update: Downside Move Extends as Support Breaks
The EURUSD currency pair has recently seen a significant shift, breaking below the crucial support level of 1.0682. This move …EUR/USD Update: Key Levels to Watch After Resistance Test
The EUR/USD currency pair has encountered some challenges recently, failing to break above the resistance level of 1.0831. This resistance …EURUSD Stages a Comeback: Will Bulls Reclaim Lost Ground?
After a significant downturn that saw the EURUSD pair plummet from 1.0936 to a low of 1.0682, the currency pair …
Long Term Forex Analysis
US Dollar Breaks Key Support Against Swiss Franc
The USDCHF currency pair has broken below the rising trendline support visible on the daily chart, followed by a breakdown …US Dollar Pullback Tests Key Support Against Swiss Franc
The USDCHF currency pair has broken below the rising trendline support visible on the daily chart and is now testing …US Dollar Breaks Key Support Against Offshore Chinese Yuan
The USDCNH currency pair has broken below the 7.1713 key support level, suggesting that the recent upside move from the …USDCAD: Stuck in a Range, Eyes on 1.3977 and 1.3092
USDCAD has been trapped in a lateral dance between 1.3092 and 1.3977 for months, frustrating traders with its indecisiveness. The …EURUSD: Stuck in Neutral, Awaiting Breakout or Breakdown
EURUSD has been stuck in a holding pattern for months, trapped within a trading range between 1.0447 and 1.1275. The …
Special Focus
WTI Remains in a Downtrend: Key Levels to Watch
WTI crude oil continues to trade within a falling price channel on the 4-hour chart, signaling that the downtrend from …XAU/USD Analysis: Key Resistance at 2484
Gold (XAU/USD) is currently facing a significant resistance level at 2484. A breakout above this level could indicate a resumption …Gold Price Analysis: Key Levels and Potential Movements
On Wednesday, gold prices experienced some fluctuations, finding support above 2378 and facing resistance below 2407. This movement suggests that …Gold Price Analysis: Short-Term Downtrend with Potential for Rebound
Gold prices have recently shown some volatility, experiencing a dip while also finding support at key levels. Let’s take a …Gold Price Analysis: Short-Term Bearish Trend Likely to Continue
Last Friday’s gold price action provided valuable insights into its potential near-term direction. Let’s break down the key levels and …
Daily Forex Reports
XLY Responding Higher From The Elliott Wave Blue Box Area
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of XLY We …Will SoFi Technologies (SOFI) Continue Rally Or Correct Soon?
SoFi Technologies, Inc., (SOFI) provides various financial services in the US, Latin America & Canada. It operates through three segments; …Gold Miners Junior (GDXJ) Looking for Correction to End Soon
The VanEck Junior Gold Miners ETF (GDXJ) is an exchange-traded fund that tracks the overall performance of small-cap companies primarily …Elliott Wave View Looking Further Downside in EURUSD
Short Term Elliott Wave View in EURUSD suggests cycle from 9.25.2024 high is in progress as a zigzag. Down from …Shopify (SHOP) Rallied Suggesting Nest Completed.
Shopify Inc. is a Canadian multinational e-commerce company in Ottawa, Ontario. Shopify (SHOP) is the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. The Shopify platform offers online …