In a recent development, the USDCAD pair has broken below the rising trend line on its 4-hour chart. This move insinuates that the uptick from 1.3176, which capped at 1.3541, is now wrapped up. Where are we...
Looking at the USDJPY pair, it seems to be holding its ground above a rising trend line on its 4-hour chart, a promising sign that the pair is persisting along the bullish trend that started at 140.25....
EURUSD is currently pushing against the resistance at 1.0910. If this barrier is broken, we could gear up for another uptrend towards the resistance set at 1.0998. Should the pair breach this resistance, the focus then shifts...
By Elliott Wave International Elliott Wave International’s research reveals that the overall mindset of investors tends to follow a similar path each time around. That is — market participants generally go from feeling deeply pessimistic all the...
GBPJPY has made a notable surge, scaling up from 178.72 right up to 188.90, and breaking past the previously set resistance at 188.64. However, we’ve started to see a pullback from this spire at 188.90, indicating that...
Our focus in today’s Forex update is EURGBP, which has stretched its downside trend from 0.8714 to as far as 0.8554. In the current scenery, immediate resistance lies at 0.8590. As long as this mark serves as...
In the Forex spotlight today we have EURCAD, which has managed to break below the bottom of the rising price channel as seen on its 4-hour chart. This suggests that we could potentially be in for a...
In today’s Forex scenario, EURUSD seems to be making modest moves, lying low in a narrow range between 1.0844 and 1.0910. Provided the 1.0910 resistance holds firm, we might treat the ongoing sideways movement as a consolidation...
Bitcoin (BTCUSD) has been rallying strongly since September 2023 low. It rallied from a low of $24920 to a high of $49048 gaining $24128 which is almost a 100% gain in 4 months. It made a sharp...
By Elliott Wave International A big reason that U.S. home prices have skyrocketed is that big investors like corporations did a lot of buying. As a Redfin.com headline noted nearly two years ago (Feb. 16, 2022): Real...
