ForexInflux
-
Understanding Support and Resistance Levels in Technical Analysis
Technical analysis is a cornerstone of trading and investing, and understanding support and resistance levels is fundamental to this practice. These levels help traders predict where prices might pause or reverse direction, which can significantly enhance trading strategies. Support and resistance levels are derived from analyzing historical price patterns and are influenced by the dynamics…
-
Learn to spot budding trade setups — Free
Elliott waves help you quickly spot the trend, set the risk with precision, etc. Yet sometimes, making heads or tails of a move on a price chart can be a challenge. Our friends at Elliott Wave International want to help… For a very limited time, you can get free access to their online course, “How to Spot…
-
Trouble Lies Ahead. Are You Ready For It?
By Steven Hochberg | Elliott Wave International Conversations about whether or not the Fed will cut interest rates any time soon continue to dominate the airwaves. But we are looking elsewhere for signs about where markets and the economy are headed. Having observed market behavior for 45 years, we’ve got a lot of historical precedents…
-
The Fed Leads and the Market Follows? It’s a Big Fat MYTH
By Murray Gunn | Head of Global Research, Elliott Wave International We help investors by analyzing what really drives the markets. Along the way, we often uncover a market myth, something most investors believe moves the markets, but really doesn’t. I want to show you one of the biggest market myths in existence. It will help…
-
Natural Gas Faces Crucial Resistance, Potential Breakout Ahead
The natural gas market is currently facing a key resistance level at 2.849. This level holds significant importance as a breakout above it could indicate that the uptrend from the February 19 low of 1.574 has resumed. Bullish Targets in Sight If natural gas manages to break through the 2.849 resistance, it could open the…
-
EURUSD Resumes Uptrend, Targets 1.0960 and 1.1000
After a period of consolidation, the EURUSD currency pair has broken above the 1.0894 resistance level, extending its upside move from 1.0600 to a high of 1.0915. This decisive breakout suggests that the uptrend has resumed, signaling potential for further gains in the coming days. Bullish Momentum Intact With the bullish momentum firmly in place,…
-
What New York City’s Art Auctions Tell You About the Stock Market — and Social Mood
By Peter Kendall | Chief Analyst for U.S. Markets and Cultural Trends The fall and spring auctions in New York City are the art market’s bellwether sales events. And according to The New York Times, the results from the City’s spring art auction season “tell a story of a masterpiece market come down to earth.” The…
-
USDJPY Uptrend Intact Despite Consolidation
The USDJPY currency pair has been on an impressive upward trajectory, extending its rally from 151.86 to a high of 157.70. However, the subsequent pullback suggests that a consolidation phase for the uptrend that began from 151.86 is currently underway. Potential for Further Declines Traders should brace for the possibility of deeper declines in the…
-
EURUSD Retraces Lower, But Further Upside Still Possible
The EURUSD currency pair has recently broken below the 1.0804 support level, suggesting that the upside move from 1.0600 to 1.0894 has likely completed. This bearish breakdown signals the potential for further declines in the coming days. Downside Targets in Focus With the bearish momentum in place, the next target for the EURUSD is around…
-
Think the Fed leads the market? Watch this…
Do you pride yourself on making evidence-based investment decisions? Great! So do our friends at Elliott Wave International. In fact, their Head of Global Research, Murray Gunn, recorded a compelling 2-minute video that you need to see. Murray challenges the conventional belief that the Fed leads the market. He shows you the hard evidence so you…
-
WTI Crude Oil Breaks Out, Eyes $81.80 and $84.00 Targets
The West Texas Intermediate (WTI) crude oil market has been on the move, with prices breaking above the resistance of a falling price channel on the 4-hour chart. This bullish breakout now puts the resistance level at $80.04 in the spotlight. Potential for Further Upside If WTI manages to surpass the $80.04 resistance, it could…