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

The wave count on the 4-hour chart for EUR/USD is becoming more complex. There is still no question of invalidating the upward trend segment (lower chart), which began in January last year. On the contrary, we have seen a complete A-B-C corrective structure that has most likely ended. We never saw a convincing wave 5