AUDUSD continues its March decline but is nearing a critical support zone that could signal stabilization and a potential bullish recovery.
AUDNZD formed a clear five-wave drop from resistance, suggesting a top may be in place. Price is nearing the 1.20x area, where another move lower could begin around 1.2050.
The US Dollar Index remains bullish after a corrective pullback, with Elliott Wave analysis signaling a final push toward 101 before a potential ABC correction.
NZDUSD shows signs of completing a wedge pattern, suggesting a potential short-term bounce.
Looking at the daily chart, it also seems that the pair may have completed a higher degree wedge pattern, and we are now in a bearish phase that could resume to the downside after this current rebound....
Technicals sometimes lead the real-world events - and that's what happened recently. Understanding WHY the rally is coming is still important, though.
EURUSD has rotated back into balance after failing to sustain its January breakout, as stronger United States data and a repricing toward a higher for longer stance from the Federal Reserve have supported...
Metals are moving sharply to the downside, while stocks are also coming under pressure, so it looks like there is more capitulation happening, especially in metals. Still, when we see such moves early...
This usually happened after Fed's rate decisions, and it's critical for the current situation in gold, silver, and mining stocks.
What is important now is that we only have three waves down from the recent highs on the dollar index. In Elliott Wave terms, when you see a strong five wave recovery followed by only a three wave pullback,...