ForexInflux

  • EUR/USD Update: What to Watch as the Pair Declines

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    The EUR/USD currency pair has seen a significant drop, falling from a high of 1.1213 to as low as 1.1032. This decline has pushed the price below the key support level of 1.1068, raising concerns about further downward movement in the coming days. As we look ahead, the next critical support level to keep an…

  • GBP/USD Analysis: A Shift Below Key Support Levels

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    The GBP/USD currency pair has recently made a notable move, breaking below the crucial support level of 1.3312. This decline has taken the pair down to as low as 1.3237, indicating that the upward trend that began at 1.3001 may have concluded at the recent high of 1.3434. As we look ahead, there’s potential for…

  • Gold: The Calm Before a Record Run

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    By Elliott Wave International The basis for analysis and forecasting at Elliott Wave International is fundamentally different from everyone else’s. Here’s a prime example in gold. This excerpt is from the March Elliott Wave Financial Forecast, when gold was trading below $2,050/oz. Gold’s three-month implied volatility has declined to its lowest level in over four years.…

  • GBP/USD Analysis: What’s Next for the Currency Pair?

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    The GBP/USD currency pair has recently broken below the lower boundary of its rising price channel on the 4-hour chart. This development indicates that a longer consolidation phase is likely needed before the uptrend that began at 1.3001 can continue. In the coming days, we can expect range trading between the levels of 1.3312 and…

  • Gold: 5 principles to help you stay ahead of price turns

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    Gold might be losing out to stocks when it comes to headlines. But, the precious metal also just hit all-time highs and did it in style – rocketing 35% in seven months. Elliott Wave International’s analysts helped their subscribers get in front of gold’s historic rise. That’s why we’re letting you know about their Gold Investor’s Survival…

  • GBP/USD Analysis: Uptrend Continues Within Rising Price Channel

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    If you’re keeping an eye on the GBP/USD currency pair, there’s some interesting movement to note! Currently, the pair is maintaining its position within a rising price channel on the 4-hour chart, indicating a continued uptrend that began at 1.3001. As long as the support level of this channel holds firm, we can expect the…

  • EUR/USD Market Update: What’s Next After Recent Pullback?

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    The EUR/USD pair recently broke through the 1.1200 resistance level, peaking at 1.1213 before experiencing a pullback to as low as 1.1121. This movement raises some interesting questions about the current trend and what traders might expect moving forward. As long as the price remains above the rising trend line observed on the 4-hour chart,…

  • EUR/USD Update: Breakout Above Resistance Signals Resumption of Upside Move

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    The EUR/USD pair has successfully broken above the 1.1188 resistance after a period of sideways consolidation within the range of 1.1068 to 1.1188. This breakout suggests that the upward movement from 1.1001 has resumed. In the coming days, further rises are anticipated, with the next target set around the 1.1250 area. A move above this…

  • Manias Always End Poorly

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    By Elliott Wave International Stocks relative to commodities are historically over-priced. A major sea change appears to be ahead. The September Elliott Wave Financial Forecast elaborates: The title of the May 2021 issue of The Elliott Wave Theorist was, “Commodities and the Stock Market: Paradigm Shift Emerging.” The issue included a version of the chart below showing stocks priced…

  • EUR/USD Update: Trading Range and Consolidation

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    The EUR/USD pair has failed to break above the resistance at 1.1188 and remains in a trading range between 1.1068 and 1.1188. As long as the support at 1.1068 holds, this sideways movement can be viewed as consolidation for the uptrend that began at 1.1001. There is still the potential for another rise to retest…

  • EURUSD Update: Key Resistance and Support Levels to Watch

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    At present, EURUSD is encountering resistance at the 1.1188 mark. This level is crucial because if the pair manages to break above it, it would signal a continuation of the upward movement that began at 1.1001. A successful breakout here could lead to further gains, with potential targets reaching the 1.1250 area and beyond. If…

  • The Fed — Why Are We Paying These Guys

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    When it comes to interest rates, the Fed is NOT in control. The Fed does not lead; it follows the market. This chart shows the Federal Funds Rate alongside the U.S. Treasury 2-Year Yield. You can see that at major turning points, it’s the 2-Year Yield that moves first, and then after a while, the…