Hello Traders! Today, we will look at the shorter cycles of The Real Estate ETF ($IYR) and explain why the sector should remain supported for the next few weeks. This is how we saw it in March...
The Elliott Wave Principle is generally considered to be a subjective tool for technical analysis. This is because the interpretation of the wave patterns and counts relies on the experience and analysis of the price movements. The...
With a market capitalization of over $200 billion, PepsiCo (NASDAQ: PEP) is a global leader in the food and beverage industry. It has recently broken into new all-time highs, indicating a potentially bullish outlook for the stock....
Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of Microsoft (MSFT) stock. As our members know, the stock is trading within the cycle from the November...
The USDCAD pair has been trading in a uptrend from 1.3300 over the past few weeks. However, on the 4-hour chart, the pair broke below the key support level of 1.3588, indicating that the upside movement from...
USDJPY has broken above the key resistance level at 135.13, indicating that the upside movement from the Mar 24 low of 129.63 has resumed. As long as the price remains above the rising trend line of the...
The AUDUSD currency pair has been in a downtrend since reaching a high of 0.6771 in late April 2023. However, there are now signs that this downtrend may be coming to an end. The pair recently broke...
GBPUSD has been showing strong bullish momentum, as it continues to trade above the key support level at 1.2352. The pair broke above the resistance level at 1.2545, indicating a resumption of the uptrend from the March...
EURUSD has been moving sideways in a range between 1.0909 and 1.1095. This range-bound movement suggests that the market is consolidating. As long as the 1.0909 support level holds, the sideways move could be treated as consolidation...
