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The GBP/USD pair is showing a bearish trend on the 4-hour timeframe following a breakout from an ascending channel. The price has completed a 61% retracement, indicating it is in the 4th wave of the Elliott Wave pattern. Currently, the price is expected to move into the 5th wave, continuing the bearish momentum.

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The US oil price is showing a short-term bearish move due to a rising wedge pattern and an Elliott Wave ABC correction. Currently, the price has completed point A and is moving towards point B. After a 50% to 61% retracement at point B, we can expect a bullish reversal, leading to a long-term move towards point C.

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The EUR/AUD is in a short-term bearish trend on the daily timeframe, following a descending channel and Elliott Wave ABC pattern. The price recently broke a key support level, suggesting further downside movement towards the channel's support trendline, completing the C wave. After reaching this point, we will look for bullish rejection signals for a potential...

forex_info

EUR/GBP is showing a bullish trend on the daily timeframe, as it follows a descending channel and has completed the Elliott Wave 12345 pattern. Currently, the price is in the ABC correction phase. A buying opportunity arises after a breakout above the descending trendline, targeting the key resistance level and the descending channel's resistance trendline.

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Gold is exhibiting a bearish trend on the 4-hour timeframe, moving within a descending channel. The price has completed a 50% Fibonacci correction, signaling the end of Elliott Wave 4. This presents a favorable opportunity to enter a selling position, anticipating further downward movement.

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The GBPCAD pair has shifted to a bearish trend on the 4-hour timeframe following the completion of the Elliott Wave 12345 pattern and a breakout below the ascending trendline. Currently, the pair is expected to undergo an ABC corrective wave. Enter a sell position after the correction reaches approximately 61% completion of the retracement.

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The CHF/JPY price is displaying a short-term bearish move on the 4-hour timeframe, forming a rising wedge pattern. We plan to enter a sell position after the wedge breakout, targeting the level where resistance turns into support, aligning with the completion of the Elliott Wave 4. Upon observing a bullish rejection at this key level, we will then enter a...

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The EURNZD pair is exhibiting a bullish trend on the daily timeframe, as it has formed a descending triangle and completed the Elliott Wave 4 at a key support level. A buy entry is advisable after the breakout of the descending trendline, signaling a potential upward movement. This setup indicates a strong possibility for a bullish continuation.

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Silver price is poised for a bullish move on the 4H timeframe, following the Elliott Wave 1-2-3-4-5 pattern. After completing the 4th wave with a 50% retracement, it’s now positioned within a bullish flag pattern. The setup suggests an impending bullish impulse move, confirming the continuation of the uptrend.

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The EUR/USD pair is showing a bearish movement on the 4-hour timeframe as the Elliott Wave 5th wave has completed, and the price has broken out of the ascending trendline. Currently, the price appears to be following an Elliott Wave ABC correction pattern. We should wait for the 50% retracement of the corrective wave to complete before entering a selling position.

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Gold price is likely to move to the downside on the 4-hour timeframe due to a breakout below the ascending trendline and completion of the Elliott Wave 3. Currently, a minor upward retracement to the 50% level suggests Wave 4 is completing. Once this retracement concludes, the price is expected to resume its bearish trend.

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USD/CHF is currently following a technical ascending channel. The price has touched a key support level and completed the Elliott 4th wave. We plan to enter a buy position upon observing bullish price action.

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The USD/CHF price action is showing a bullish move on the 4-hour timeframe after breaking out from a double bottom neckline. The recent impulse move has retracmentto 38%, aligning with the key B point. The price appears to be following an Elliott Wave ABC correction pattern, indicating potential further upside.

forex_info

The GBP/USD pair is exhibiting a bearish outlook on the 4-hour timeframe as it follows an ascending channel pattern. Currently, the price has reached the resistance trendline of this channel. We are awaiting a bearish price action signal to confirm a selling entry. This setup suggests a potential downward movement in the near term.

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The GBPAUD pair has recently broken out of a horizontal resistance level, resulting in a significant upward move. Currently, the price is following the Elliott Wave pattern, completing waves 1, 2, 3, and 4. The price has also achieved a 50% retracement and completed the 4th wave at a key support level. A buying opportunity arises after the price breaks out of the...

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The dollar price looks bullish on the daily timeframe, moving within a symmetrical triangle and ascending channel, and following the Elliott Wave 12345 pattern. Currently, the price is at a resistance-turned-support level; waiting for a bullish rejection here could signal an upward move. This would positively impact XXXUSD pairs and negatively affect USDXXX pairs.

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Gold price has shifted to a bearish trend on the 4-hour timeframe after completing an Elliott Impulse Wave 12345 & ascending trendline breakout and is now following an Elliott Correction ABC. Entry for selling is recommended after the correction reaches 50% to 61% retracement, confirmed by bearish price action signals.

forex_info

"EURCHF analysis update: Price has shifted to the bullish side after breaking out of a major bearish trend and a recent bullish flag pattern. Following the Elliott Wave 12345 pattern, we've entered a buying position after a 38-50% retest and a bullish rejection. Get ready for potential upside!"