ForexInflux

  • EUR/USD Analysis: Key Levels to Watch

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    After testing the crucial support level at 1.0761, EUR/USD has successfully held its ground and failed to break below this point. This resilience suggests that the recent downward trend from the peak of 1.1213 may have come to an end at 1.0761. In a positive turn, EUR/USD has also broken above the resistance level of…

  • EUR/USD Update: Key Resistance and Support Levels to Watch

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    The EUR/USD currency pair is currently testing a significant resistance level at 1.0839. This point is crucial because if the price breaks through, it could signal the end of the recent downward trend that started from 1.1213 and found support at 1.0761. Should we see a breakout above 1.0839, the next target would be the…

  • EUR/USD Continues Its Downward Trajectory: What Traders Need to Know

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    The EUR/USD currency pair has been on a notable downward swing, extending its decline from the previous level of 1.1213 down to as low as 1.0761. For traders and investors keeping a close eye on this major forex pair, understanding the key resistance and support levels is crucial for making informed decisions. Current Market Movement…

  • USDJPY: Analyzing the Uptrend and Key Levels

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    If you’ve been keeping an eye on the USDJPY currency pair, you’ll notice it’s currently moving within a rising price channel on the 4-hour chart. This pattern indicates that the pair is still in an uptrend, originating from the 141.64 level. As long as the price remains within this channel, we can anticipate further upward…

  • EUR/USD Update: Sideways Movement Between 1.0810 and 1.0871

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    The EUR/USD pair is currently moving sideways in a trading range between 1.0810 and 1.0871. The key resistance is now at 1.0871. As long as 1.0871 resistance holds, this sideways move could be seen as consolidation for the downtrend from 1.1213. A breakdown below 1.0810 support could trigger a further downside move to the 1.0780…

  • Pattern Recognition: Your First Step to Using Elliott Waves

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    By Elliott Wave International At its most basic level, wave analysis is simply the identification of patterns in market prices. The essential Elliott wave pattern consists of “motive waves” and “corrective waves.” A motive wave is composed of five subwaves. It moves in the same direction as the trend of the next larger size. A corrective wave is divided into three subwaves. It…

  • EUR/USD Update: Extended Downside Move to 1.0810 with Consolidation Ahead

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    The EUR/USD pair has extended its downside move from 1.1213 to a low of 1.0810. The subsequent bounce from 1.0810 might be a consolidation phase for the ongoing downtrend. Key resistance is at 1.0880. As long as this level holds, the downside move is likely to resume. A breakdown below 1.0845 could trigger another fall…

  • Learn the Elliott Wave Basics in 30 Minutes — Your Free Guide

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    Ever wish you had one of those “Quick Start Guides” for the Elliott Wave Principle?“ Now you do! Check out this free Elliott Wave Essentials Guide – updated in 2024 – by Elliott Wave Principle co-author, Robert Prechter! Drawing directly from Frost and Prechter’s Wall Street bestseller, this guide is your go-to resource for mastering the basics of Elliott wave…

  • We’re Living in a Materials World

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    By Mark GalasiewskiEditor, Asian-Pacific Financial ForecastElliott Wave International Viewing global asset classes through the lens of emerging markets provides a perspective that is often missed by analysts who focus on developed markets. That perspective, which is colored by the role that commodities play in the global economy, has been invaluable during the past several years. For…

  • 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.…