ForexInflux
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GBPUSD Breaks Down: Navigating the Shift in Trend
The GBPUSD pair has recently broken below the rising price channel visible on the 4-hour chart. This technical event suggests that the upside move from 1.2664, which peaked at 1.3265, may have run its course. Such a breakdown often signals a potential trend reversal, making it a crucial moment for traders to reassess their positions…
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USDJPY at Crossroads: Analyzing the Next Potential Move
The USDJPY pair has rallied significantly from its recent low of 143.44 and is now testing a crucial resistance level. This situation presents both opportunities and risks for traders, depending on how price action unfolds in the coming sessions. Key Levels to Watch Resistance Levels Support Levels Potential Scenarios Bullish Case The current test of…
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EURUSD Update: Key Levels to Watch Amid Ongoing Downtrend
The EURUSD currency pair has continued its downward trajectory, dipping from a high of 1.1201 to a low of 1.1041. Currently, a crucial resistance level to monitor is at 1.1100. As long as the price remains below this 1.1100 resistance, we can expect the downtrend to persist, with the next target likely around the 1.1000…
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USDJPY Breaks Resistance: Analyzing the Bullish Reversal
The USDJPY pair has recently broken above a key falling trend line visible on the 4-hour chart. This technical event suggests that the downside move from the recent high of 149.36 may have found its bottom at 143.44. Such a breakout often signals a potential trend reversal, making it a crucial moment for traders to…
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Why Stock-Market Success Is Usually Only Temporary
By Elliott Wave International Recession coming or not, people are still EXTREMELY bullish. Read this excerpt from the May 17, 2024 Elliott Wave Theorist: Record Sentiment Readings for Stocks Investors are enamored with stocks that pay little or nothing in the way of dividends. The extent of that bias has now reached an all-time extreme. The…
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EURUSD in Decline: Analyzing the Recent Downturn
The EURUSD pair has been on a downward trajectory, falling from a recent high of 1.1201. This decline has extended to a low of 1.1055, a level that’s now under close scrutiny by traders and analysts alike. Technical Analysis: Key Levels to Watch Support Levels Resistance Levels Potential Scenarios Bearish Case The current downtrend suggests…
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EURUSD Breaks Channel: Navigating the Next Move
The EURUSD pair has recently broken below the rising price channel visible on the 4-hour chart. This development has brought the pair face-to-face with a critical support level at 1.1097, leaving traders questioning whether this is a temporary pullback or the beginning of a more significant reversal. Key Levels to Watch Support Resistance Potential Scenarios…
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AUDUSD Surges: Analyzing the Aussie Dollar’s Bullish Run
The AUDUSD pair has been on an impressive upward trajectory. Starting from a low of 0.6349, the pair has surged to reach an impressive high of 0.6812. This substantial move reflects growing strength in the Australian Dollar against the US Dollar and has many traders questioning how much further this rally might extend. Technical Analysis:…
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EURUSD in Consolidation: Decoding the Current Market Stance
For the past two days, the EURUSD pair has been trading in a narrow range between 1.1149 and 1.1201. This sideways movement comes after a notable uptrend that began at 1.0881, suggesting a potential period of consolidation. Technical Analysis: The Bigger Picture Despite the current consolidation, it’s crucial to view this in the context of…
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GBPUSD Surges: Analyzing the Pound’s Bullish Run
The GBPUSD pair has been on an impressive upward trajectory. Starting from a low of 1.2664, the pair has surged to reach an impressive high of 1.3246. This substantial move reflects growing strength in the British Pound against the US Dollar and has many traders questioning how much further this rally might extend. Technical Analysis:…
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EURUSD Breaks Higher: Analyzing the Latest Bullish Move
The EURUSD pair has just achieved a significant milestone by breaking above the critical resistance level of 1.1173. This breakthrough has propelled the currency pair to new heights, extending its upward trajectory that began at 1.0881 and reaching an impressive peak of 1.1201. Technical Analysis: The Rising Channel A key feature of this bullish move…
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EURUSD: Uptrend Takes a Breather – What’s Next?
EURUSD has pulled back from its recent high of 1.1173. The pair broke below the 1.1100 support level, signaling a potential pause in the uptrend that started at 1.0777. Short-Term Outlook: Big Picture View: Key Levels to Watch: What This Means for Traders: Remember, forex markets can change quickly. Always use proper risk management and…