AUDUSD Analysis – May 4, 2023
The AUDUSD pair has been in a short-term uptrend from the low of 0.6573. However, recent price action shows that the pair has broken below the rising trend line on the 4-hour chart. This indicates that the...
Category:
GBPUSD Analysis – May 4, 2023
GBPUSD has been in a range between 1.2343 and 1.2583, with price testing the upper boundary of this range at 1.2583. A breakout above this resistance level could indicate the continuation of the uptrend and potentially lead...
EURUSD Analysis – May 4, 2023
The EURUSD pair has been in an uptrend since March 2020, after reaching a low of 1.0515. The pair has been making higher highs and higher lows, indicating that buyers are in control of the market. However,...
USDCAD Analysis – May 3, 2023
USDCAD has been in a downtrend since reaching a high of 1.3667. The pair recently bounced from a low of 1.3527, but this may be a correction within the broader downtrend. As long as the key resistance...
USDJPY Analysis – May 3, 2023
USDJPY appears to be consolidating after pulling back from its recent high of 137.77, indicating that the uptrend from 129.63 is taking a breather. The pair is expected to trade in a range between 135.70 and 137.80...
AUDUSD Analysis – May 3, 2023
AUDUSD has been exhibiting a bullish trend, rallying from its low of 0.6573. However, it is currently facing a critical support level at the rising trend line on the 4-hour chart. If this support is breached, it...
GBPUSD Analysis – May 3, 2023
The GBPUSD pair has been trading sideways in a range between 1.2343 and 1.2583 in recent sessions. This suggests a lack of clear direction in the market as both buyers and sellers struggle for control. If the...
EURUSD Analysis – May 3, 2023
EURUSD remains range-bound between 1.0909 and 1.1095 as traders await more directional cues. The pair has been consolidating for some time now, with no clear sign of a breakout in either direction. The market has been caught...
QQQ Doing Strong Reaction Higher From Blue Box Area
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of QQQ. We presented to members at the elliottwave-forecast. In which, the rally from 13 March 2023 low unfolded as an impulse structure....
Wells Fargo & Company (WFC) Sequence Remains Bearish
With the recent failure in Silicon Valley Bank and First Republic Bank, we will take a look at the U.S. banking sectors. In this article, we will update the long term outlook of Wells Fargo & Company...