GBP/USD’s combination of harmonic patterns is a bearish feature. A trip into the Fibonacci scale could be on the cards for the remainder of the week...
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of XLK. The decline from the 16 August 2022...
Today’s instrument is CrowdStrike Holdings Inc.’s stock traded on the Nasdaq exchange under the ticker CRWD. Looking at the CRWD’s chartswe can see that last week,...
Silver reverses an intraday dip to the $22.55 area and climbs back closer to the overnight swing high. The technical setup favors bullish traders and supports...
Broad US Dollar weakness across the board, a headwind for the USD/CHF. A falling wedge in the USD/CHF daily chart suggests the pair might break upwards...
Weaker-than-expected economic data in China threatens to derail economic growth and trigger risk aversion. Federal Reserve pressured by Solid US economic data released since last Friday...
GameStop has been quietly announcing layoffs this week. GME stock tanked 8.5% on Tuesday one day ahead of Q3 results. Wall Street expects $-0.28 in adjusted...
EUR/JPY looks firm and advances to multi-day highs past 144.00. Further upside now looks at the weekly high past 146.00. EUR/JPY Rapidly leaves behind Tuesday’s pullback...
USD/JPY eases from one-week high, fades bounce off 200-DMA. Impending bull cross on MACD, falling wedge formation keeps buyers hopeful. Sellers have a bumpy road to...
Gold price registers a minimal advance, even though the US Dollar is rising. Solid economic data from the United States would keep the Federal Reserve pressured....
NZD/USD bulls could be throwing in the towel here. Bears eye a move to test the trendline support. NZD/USD is trading around flat on the day,...
The US Dollar fails to capitalize on a risk-off mood, blamed on falling US bond yields. Recently released US economic data would keep the Federal Reserve...
In the 4-hour chart, we can see that the price is forming a head & shoulders pattern. A break of structure in the 1.2150s is required...
Trade Balance in the United States shows the deficit widening, a headwind for the US Dollar. Factory orders in Germany kept the Euro buoyant amid a...
We have covered the impact of the magazine cover indicator before here, Another helpful sentiment indicator is also one of the most easily accessible and popular...
EUR/USD remains pressured after reversing from five-month high, retreats from intraday high of late. Clear downside break of one-week-old ascending trend line, bearish MACD signals favor...
A spring formation below 0.8600 strengthened the Euro bulls for a firmer recovery. The RSI (14) has shifted into the 40.00-60.00 range, which indicates a consolidation...
USD/JPY bias remains bearish and a fade on rallies could be in store. Bulls eye a move towards 137.50 and then a break of 138.00. As...
The GBP/JPY hurdled the 100, 50, and 20-day EMAs on Monday and gained 170 pips. GBP/JPY Price Analysis: Short term, the pair might pull back before...
Silver price plunges 3.74%, on high US Treasury yields, back below $22.30. Silver Price Analysis: A daily close below $22.24 would exacerbate a further fall; otherwise,...