The chart provided is an Elliott Wave Forecast for the EUR/NZD currency pair on a 240-minute (4-hour) timeframe. The chart illustrates a bullish sequence based on Elliott Wave theory, indicating potential future price movements. Here is a detailed...
Gold (XAU/USD) has shown strong movement in the market recently, and understanding its potential resistance and support levels is crucial for traders. Let's break down the significant barriers and targets for XAU/USD. Firstly, we need to focus on...
FOREX TREND ENVELOPES Forex Trend Envelopes: A Comprehensive Guide In the world of Forex trading, identifying trends and making informed investment decisions can be a daunting task. One effective tool that traders use to navigate the markets is the...
Certainly! The EUR/USD currency pair is currently trading at 1.0709, and the prevailing trend appears to be bearish. A bearish trend suggests that sellers are dominating, causing prices to generally decline over time. This can create a slow and...
At the beginning of this month, the price attempted to reverse the market trend by moving towards a bearish direction. However, the market conditions on the daily timeframe indicated that buyers were still in control, prompting the market to attempt...