The EUR/USD pair has been steadily declining this week and last week. It's common for sellers to take a break on Friday. However, they didn't fully overtake the previous day's price on Thursday, nor did they exceed the intraday high of 1.0873. Now,...
Let’s consider the chart of the D1 period - the USDCAD currency pair. Now on this considered daily chart, according to the waves, it turns out the trend has long since changed, the current growth wave has updated the maximum of the previous one and...
The British Pound (GBP) continues to hold strong, bolstered by the Bank of England’s (BoE) decision to maintain interest rates at current levels and reduce its stock of government bonds by another £100 billion over the next 12 months. This steady...
USD/JPY: A Roadmap to Successful Trading We can discuss the analysis of the USD/JPY currency pair's price behaviour. On Thursday, the USD/JPY pair experienced a steady decline on the daily chart, closing near the support level of 148.380. The price...
The ABC pattern is a common correction pattern in Elliott wave theory. It represents a three-wave corrective movement that occurs after an impulsive move and usually moves against the prevailing trend. This pattern can be seen in both bull and bear...