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S&P 500 reversed from support level 5680.00 Likely to rise to resistance level 5780.00 S&P 500 index recently reversed up from the pivotal support level 5680.00 (a former multi-month high from July, acting as the support after it was broken last month). The upward reversal from the support level 5680.00 will likely form the daily […]

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EURUSD Pauses Southward Run Near 1.0950

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03/01/2024

EUR/USD Edges Down to Near 1.0940 after German Employment Data, Focus Shifts to US Data

EUR/USD gains ground amid upbeat US Dollar. German Unemployment Change reduced to 5K from 22K prior. The seasonally adjusted Unemployment Rate remained consistent at 5.9%. The improved US Treasury yields are reinforcing the strength of the Greenback. EUR/USD struggles to retrace its recent losses registered in the previous session, trading near 1.0940 during the European session […]
18/07/2024

Elliott Wave Intraday: Rally in Bitcoin (BTCUSD) Looking Impulsive

Rally from 7.5.2024 low in Bitcoin (BTCUSD) looks impulsive suggesting further upside. Pullback to 53570 ended wave ((4)) and Bitcoin has turned higher in wave ((5)). The crypto currency still needs to break the previous all-time high on 3.14.2024 high at 73794 to rule out any double correction. Up from wave ((4)), wave ((i)) ended […]
14/10/2024

GBPUSD Wave Analysis

 GBPUSD reversed from support zone Likely to rise to resistance level 1.3200 GBPUSD currency pair recently reversed up from the support zone located between the pivotal support level 1.3030 (former monthly high from July), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from August. The upward reversal from this support […]