By Elliott Wave International The trends of the junk bond and stock markets tend to be correlated. The reason why is that junk bonds and stocks are closely affiliated in the pecking order of creditors in case...
The USDCAD pair has recently witnessed a significant breakthrough, as it managed to break above both the falling trend line and the key resistance level at 1.3269. This breakout suggests a potential shift in market dynamics, indicating...
The USDJPY pair has been on an impressive upward trajectory, extending its move from the low of 138.42 to reach as high as 144.61. This significant rise suggests that the bullish momentum remains intact, and further gains...
The AUDUSD pair has encountered significant challenges in its recent price action, failing to break above the resistance of the falling trend line on the 4-hour chart. As a result, the pair has extended its downside move...
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...
