AUDUSD Analysis – April 29, 2023
AUDUSD is currently facing the support level at 0.6563. If the price breaks down below this level, it could signal a resumption of the downtrend from the February 2023 high of 0.7157. The next target for AUDUSD...
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GBPUSD Analysis – April 29, 2023
GBPUSD has broken above the 1.2447 resistance level and reached a high of 1.2583. This suggests that the uptrend from the September 2022 low of 1.0352 has resumed. If the current momentum continues, a further rally in...
EURUSD Analysis – April 29, 2023
The EURUSD has broken above the 1.1032 resistance level and reached a high of 1.1095. This suggests that the uptrend from the September 2022 low of 0.9535 has resumed. If the current momentum continues, a further rally...
Corporate Bonds: “The Next Shoe to Drop”
By Elliott Wave International A “calamity” is likely ahead for corporate bonds, says our head of global research, Murray Gunn. Some of Murray’s analysis involves the head and shoulders, a classic technical chart pattern. In case you’re...
$OR: Cosmetics Manufacturer L’Oréal Remains Supported
L’Oréal S.A. is the world largest cosmetics and beauty company. Headquartered in Clichy, France, the field of activities concentrates on skin care, hair color, perfume, make-up, hair care, sun protection etc. L’Oréal is a part of Euro...
GBPCAD Another Blue Box Offered Another Buying Opportunity
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of GBPCAD. In which, the rally from the 10 February 2023 low unfolded as an impulse sequence and showed a higher high...
EURAUD: Wave 2 Found Buyers At Blue Box Area
Hello Traders, in this article we will go through how EURAUD reacted higher after reaching a blue box area. Here at Elliott Wave Forecast we have in place a system that allows us to measure an area...
Coca-Cola Stock KO Price Surge Creates Bullish Sequence
Coca-Cola (NYSE: KO), a leading beverage company, recently reported better-than-expected earnings and revenue for the quarter. The strong financial results, demonstrate the company’s resilience in the face of challenging economic conditions and highlight its ability to adapt...
GBPUSD Buying The Dips After Double Three Pattern
In this article we’re going to take a quick look at the Elliott Wave charts of GBPUSD , published in members area of the website. As our members know, we have been favoring the long side in...
Bank of America ($BAC) Reacts Lower from Blue Box Area.
Hello Traders. In today’s article, we will look at the past performance of 4 Hour Elliott Wave chart of Bank of America ($BAC). The decline from 2.07.2023 peak unfolded as 5 swings and made a lower low...