Elliott Wave Expects Silver (XAGUSD) Pullback to Find Support

by elliottwave-forecast.com | May 17, 2024 5:01 pm
Short Term Elliott Wave in Silver (XAGUSD) suggests the metal rallies in impulsive structure from 10.3.2023 low. Up from there, wave (1) ended at 25.91 and dip sin wave (2) ended at 21.94. The metal then extended...

Stoxx Europe 600: What Signs of Investor Exuberance Keep Telling Us

by ForexCycle.com | May 17, 2024 10:02 am
By Elliott Wave International Every day, you read news stories about the state of the economy and the stock market affecting consumer and investor behavior. The story goes something like this: When the economy and financial markets...

British Pound Extends Rally Against US Dollar

by ForexCycle.com | May 17, 2024 8:11 am
The GBPUSD currency pair has broken out above the 1.2633 resistance level, rallying as high as 1.2700 in recent trading sessions. The bullish momentum shows no signs of letting up just yet, with the potential for further...

Euro Consolidates After Hitting Channel Resistance

by ForexCycle.com | May 17, 2024 7:31 am
The EURUSD currency pair has failed to break above the top of the rising price channel visible on the 4-hour chart, pulling back from the 1.0894 high. This price action suggests that a consolidation phase is likely...

US Dollar Pullback Presents Opportunity Against Japanese Yen

by ForexCycle.com | May 16, 2024 7:53 am
The USDJPY currency pair has extended its impressive upside move, rallying from the 151.86 low to a high of 156.79 in recent trading sessions. However, the pair has since pulled back from the 156.79 high, with the...

US Dollar Breaks Key Support Against Swiss Franc

by ForexCycle.com | May 16, 2024 7:16 am
The USDCHF currency pair has broken below the rising trendline support visible on the daily chart, followed by a breakdown below the key 0.8997 support level. This technical breakdown suggests that the recent upside move from the...

Ethereum (ETHUSD) : Incomplete Sequences Calling the Decline

by elliottwave-forecast.com | May 16, 2024 12:38 am
In this technical article we’re going to take a quick look at the Elliott Wave charts of Ethereum ETHUSD , published in members area of the website. As our members know, ETHUSD is showing incomplete sequences in...

Alephium $ALPH Enters Extreme Daily Buying Area

by elliottwave-forecast.com | May 16, 2024 12:29 am
Alephium is a Layer 1 blockchain network designed to address the limitations of existing solutions and initiate a new era of decentralized applications (dApps) and decentralized finance (DeFi). In today’s article, we’ll explore the daily Elliott Wave structure of...

Elliott Wave Expects Bank of America (BAC) to Continue Higher

by elliottwave-forecast.com | May 15, 2024 4:07 pm
Short Term Elliott Wave in Bank of America (BAC) shows incomplete bullish sequence from 4.16.2024 low. Up from there, wave (1) ended at 38.49. Dips in wave (2) unfolded as a zigzag structure. Down from wave (1),...