ForexInflux
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USDJPY Technical Analysis: Navigating the Falling Price Channel
The US Dollar/Japanese Yen (USDJPY) pair has been showing some interesting patterns lately. Let’s break down the current situation and potential scenarios based on the 4-hour chart analysis. Current Trend Bearish Scenario As long as the price remains within the channel: Bullish Scenario For a bullish reversal, we’d need to see: Key Levels to Watch…
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EURUSD Technical Analysis: Breaking Down the Price Channel
The Euro/US Dollar (EURUSD) pair has shown some interesting movements recently. Let’s break down the current situation and potential scenarios based on the 4-hour chart analysis. Recent Developments Bearish Scenario If EURUSD breaks below the 1.0871 support: Bullish Scenario As long as the 1.0800 support holds: Key Levels to Watch Support Levels Resistance Levels Potential…
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AUD/USD Market Analysis: Recent Trends and Key Factors
On Friday, July 19th, the Australian Dollar (AUD) faced some challenges against the US Dollar (USD): Factors Influencing the Market Risk Aversion US Treasury Yields Commodity Prices Positive Signs for the AUD Despite the recent challenges, there are some positive indicators for the AUD: Technical Analysis From the daily chart: As long as AUD/USD stays…
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USD/JPY Market Analysis: Recent Movements and Key Factors
On Friday, July 19th, the USD/JPY pair saw some interesting movements: Factors Influencing the Market Japanese Inflation Bank of Japan (BOJ) Meeting Minutes Looking Ahead Upcoming BOJ Meeting Technical Analysis From the daily chart, the downward trend of USD/JPY shows no signs of changing yet. Key levels to watch: Resistance Levels Support Levels Conclusion The…
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Gold Price Analysis: Key Levels and Potential Movements
Recent movements in the gold market have caught the attention of traders and investors. Let’s break down the latest price action and explore potential scenarios for today’s trading. Recent Price Action Today’s Outlook If gold faces resistance below $2,433 today, we could see a downward movement targeting the $2,380 – $2,360 range. Key Levels to…
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EUR/USD Market Analysis: Key Levels and Potential Movements
The Euro/US Dollar (EUR/USD) pair has been showing interesting price action lately. Let’s break down the recent movements and look at potential scenarios for today’s trading. Recent Price Action Today’s Outlook If EUR/USD faces resistance below 1.0915 today, we could see a downward movement targeting the 1.0870 – 1.0860 range. Key Levels to Watch Resistance…
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GBPUSD Market Analysis: Key Levels to Watch
The British Pound/US Dollar (GBPUSD) pair has recently shown some interesting movements. Let’s break down what’s happening and what traders should keep an eye on. Recent Developments What to Expect In the coming days, we’re likely to see the pair trade within a range: Potential Scenarios Bullish Outlook If the 1.2800 support holds strong: Bearish…
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Want to Learn How to “Read” a Price Chart? Start Here
By Elliott Wave International Some investors who are fans of technical analysis may not realize that another way to look at many classic chart patterns — for example, Head and Shoulders — is to describe them in terms of Elliott waves. What this means is that once you’ve learned Elliott wave analysis, by proxy you’ve…
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Forecasting Forex Trends using Economic Indicators
In the dynamic world of forex trading, understanding and predicting market trends is crucial for success. Forex trading, or foreign exchange trading, involves the buying and selling of currencies with the aim of making a profit. Unlike stock markets, forex markets operate 24 hours a day due to the global nature of currency trading. With…
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What You Can Learn from Europe’s “Dow Theory”-esque Non-confirmation
By Brian Whitmer | European Financial Forecast editor Charles Dow (yes, the one with the averages named after him) developed a foundational concept in technical analysis that requires that price movement in industrial stocks and transportation shares confirm one another. The main condition for a Dow Theory non-confirmation occurs when one sector makes a new extreme absent…
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Get the Report that Will Change the Way You View the Markets Forever!
When investors and traders first discover the Elliott Wave Principle, they’re often most impressed by its ability to predict where a market will head next. And it is impressive! But its real power doesn’t end there; the Wave Principle helps you identify when a market is most likely to turn. And that, in turn, gives…
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AUD/USD Analysis: Recent Decline and Key Factors to Watch
On Tuesday, July 16th, the AUD/USD pair experienced a 0.4% decline, closing at 0.6733. During the trading session, it touched a low of 0.6712. This drop has left many Aussie bulls concerned about the currency’s near-term prospects. Key Factors Influencing the Aussie Dollar Technical Analysis Daily Chart Outlook: Key Level to Watch: Potential Scenarios: Outlook…