The USD/JPY pair has recently shown significant price action, indicating that the downtrend remains intact. After breaking above the top of the falling price channel on the 4-hour chart, the pair found resistance at 155.21 and subsequently...
On Monday, July 29th, the Australian dollar (AUD) edged up by 0.02% against the US dollar (USD), closing at 0.6548. This slight rise comes as the AUD attempts to recover from last Friday’s low of 0.6510. The...
Gold prices have recently shown some volatility, experiencing a dip while also finding support at key levels. Let’s take a closer look at the current market situation and what traders can expect in the coming days. Recent...
The EUR/USD pair has recently shown some price action, suggesting a continuation of its downward trend but with potential for a short-term rebound. Let’s break down the key levels and scenarios traders should watch. Recent Developments Short-Term...
The GBP/USD pair has been showing a consistent downward trend, with recent price action providing valuable insights for traders. Let’s break down the key levels and potential scenarios to watch. Recent Developments Bearish Scenario As long as...
The EUR/USD pair has been trading in a tight range between 1.0825 and 1.0870 for several days, suggesting a period of consolidation. Let’s break down the key levels and potential scenarios for traders to watch. Current Situation...
USD/JPY has rebounded from 151.93, finding support at the bottom of the falling price channel visible on the 4-hour chart. This bounce indicates that the pair may be entering a consolidation phase within its downtrend from the...
Short Term Elliott Wave view in CHFJPY suggests the decline from 7.11.2024 high unfolded as a zigzag structure. Down from 7.11.2024 high, wave A ended at 175.84 and rally in wave B ended at 177.64. The pair...
Short Term Elliott Wave View in Ethereum (ETHUSD) suggests the impulse sequence ended at $3562.6 high started from 7.05.2024 low. Below there, it favors corrective pullback in wave (2). In daily sequence, it ended ((4)) correction at $2811...
Hello traders, welcome to a new blog post. Today, we will discuss USDCAD as the pair is set to break out of a range that has lasted over two years. How soon can the breakout happen? In...
