The wave count on the four-hour chart for EUR/USD is becoming more complex. There is still no question of canceling the bullish trend segment (bottom chart) that began in January last year. On the contrary, we have seen a complete A-B-C corrective structure, which is most likely finished. We never saw a convincing wave 5 […]

As a trader, it is important to pay attention to the nuances of price action—especially around the technical levels that traders tend to follow. When a key level repeatedly holds as support or resistance, it tells you that traders around the world are watching it and using it to define and limit risk. It also

The GBP/USD pair continues to rise, and this move appears fully justified. As a reminder, the dollar has faced numerous negative factors in recent weeks, including the US Treasury’s decision to increase its purchases of long-term bonds, a weak Nonfarm Payrolls report, slowing consumer price inflation, slower GDP growth, and declining market expectations for tighter

Both the Nasdaq and S&P indices are settling with nearly identical gains of around 0.45% on the day. From a technical perspective, both are also ending the week caught between key shorter-term moving averages — below their 100-hour moving averages on the topside, but above their 200-hour moving averages on the downside. That sets up