By Elliott Wave International You may have heard that Germany has slipped into a recession. What you may not have heard is, the German government anticipated an economic uptick in Q1, not a slide. Reality failing to...
The USDCAD currency pair has experienced a continued downward movement from its recent high at 1.3654, reaching as low as 1.3320 and breaking below the 1.3340 support level. Currently, the pair is facing a critical support level...
The USDJPY currency pair has been trading within a defined range between the support level at 138.42 and the resistance level at 140.91. This range-bound price action indicates a period of consolidation for the uptrend that started...
The AUDUSD currency pair recently touched the resistance level at 0.6709 and subsequently pulled back from 0.6717. This price action suggests that a period of consolidation is currently underway, following the uptrend from 0.6457. Traders should closely...
The GBPUSD currency pair has been experiencing a short-term downtrend since its peak at 1.2544. The recent bounce from 1.2367 can be seen as a consolidation phase within this downward movement. Traders should be aware that further...
The EURUSD currency pair has continued its sideways movement, trading within a range between the key levels of 1.0635 and 1.0778. The pair’s price action suggests a period of consolidation for the ongoing downtrend. While the price...
The USDCAD currency pair has experienced a continued downside movement, extending from its recent high at 1.3654 to reach as low as 1.3387. The pair remains under selling pressure, indicating a bearish bias in the market. Given...
The USDJPY currency pair has been trading within a relatively narrow range, bounded by the support level at 138.42 and the resistance level at 140.91. This sideways movement suggests a period of consolidation for the pair after...
The AUDUSD currency pair is currently approaching a critical resistance level at 0.6709. A decisive breakout above this level could potentially trigger a further upside move, with the next target being the resistance at 0.6817. In the...
The GBPUSD currency pair remains entrenched in a downtrend that started from the peak at 1.2679. The recent pullback from the 1.2544 level suggests a resumption of the downward movement, as sellers exert their control over the...
