ForexInflux
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Gold: The Calm Before a Record Run
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.…
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GBP/USD Analysis: What’s Next for the Currency Pair?
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…
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Gold: 5 principles to help you stay ahead of price turns
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…
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GBP/USD Analysis: Uptrend Continues Within Rising Price Channel
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…
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EUR/USD Market Update: What’s Next After Recent Pullback?
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,…
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EUR/USD Update: Breakout Above Resistance Signals Resumption of Upside Move
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…
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Manias Always End Poorly
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…
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EUR/USD Update: Trading Range and Consolidation
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…
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EURUSD Update: Key Resistance and Support Levels to Watch
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…
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The Fed — Why Are We Paying These Guys
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…
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EUR/USD Update: Pullback After Failed Breakout at Resistance
The EUR/USD pair has encountered resistance at 1.1201, failing to break above this level and pulling back from 1.1188 to 1.1068. This decline is likely a correction within the uptrend that started from 1.1001, suggesting that another attempt to rise and test the 1.1201 resistance may occur following this correction. Initial resistance is at 1.1110.…
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EUR/USD Update: Shift to Uptrend After Breaking Channel Resistance
The EUR/USD pair has bounced from 1.1001, extending to a high of 1.1146 and breaking above the resistance of the falling price channel on the 4-hour chart. This movement indicates that the downside move from 1.1201 has likely completed at 1.1001. Currently, the pair is in an uptrend from 1.1001, and the pullback from 1.1146…