SP 500 Elliott Wave analysis – Daily chart S&P 500 Elliott Wave Technical Analysis – Daily Chart. Function: Trend. Mode: Impulsive. Structure: Gray Wave 3. Position: Orange Wave 3. Direction next lower degrees: Gray Wave 4....
Instead of declining further, the US Dollar (USD) is more likely to trade in a 7.2800/7.2970 range, or at least in a wider range between 7.2700...
Further Pound Sterling (GBP) strength is not ruled out. As rapid rise is approaching overbought levels, 1.2860 is unlikely to come under threat. Nevertheless, risk for...
EUR/USD may test the upper boundary as the daily chart analysis shows a bullish bias. The 14-day RSI indicates a confirmation of a bullish trend for...
GBP/USD loses traction near 1.2800 amid modest recovery of US Dollar The GBP/USD pair trades on a softer note near 1.2805, snapping the seven-day winning streak...
GBP/USD Price Analysis: Ascends on weak US Dollar, bulls eye daily close above 1.2800 The GBP/USD registered decent gains of more than 0.20% on Friday after...
USD/JPY drops for the second day amid signs of a weakening US labor market. For bullish momentum, USD/JPY needs to surpass 161.00, facing resistance at 161.70...
AMD stock shot up 5% on Friday. New Street Research analyst says Nvidia success is priced in. Analyst Pierre Ferragu sees much more room for share...
Silver reaches $30.66, an eight-day peak, after surpassing the $30.00 resistance. Resistance levels: $30.84 (June 21 high) and $32.51 (YTD high). Support points: $29.48 (July 3...
AUD/JPY moderates, hovering steadily above the 108.00 mark, wrapping up a week with a 1% gain. Buyers are taking a breather and keeping the cross in...
NZD/USD edged higher and closed above the 20 SMA support around 0.6120. With the technical outlook now showing signs of bullishness, the pair tests resistance around...
Gold price leaped over 1% to $2,385, spurred by mixed US NFP data and heightened Fed rate cut speculation. June NFP surpasses forecasts, yet revisions for...
GBP/USD climbs over 0.20%, after US jobs report reveals June gains but revises down April and May. Bullish technical outlook as GBP/USD nears key resistance at...
The minutes of the June European Central Bank (ECB) meeting, published yesterday, showed some members did not agree with cutting rates, ING FX analyst Francesco Pesole notes....
The Mexican Peso continues rallying against the US Dollar and makes more muted gains against European counterparts. The Greenback is losing ground after a run of...
Chance for the New Zealand Dollar (NZD) to retest the 0.6130 level; the major resistance at 0.6150 is unlikely to come into view. With that said,...
Gold extends its positive run as the probability of the Federal Reserve lowering interest rates increases. A run of weak data from the US indicates inflationary...
EUR/USD may test the upper boundary of the ascending channel around the level of 1.0870. The 14-day RSI suggests a confirmation of a bullish trend for...
Gold prices edge up 0.15% amid thin trading on US Independence Day. XAU/USD reached a two-week high of $2,365 Wednesday, driven by weak US jobs data...
Gold closes above the 50-day SMA after the release of weak US data increases bets the Fed will lower interest rates. Lower interest rates are positive...