S&P 500 (SPX) Impulsive Rally in Progress

Short Term Elliott Wave view on FTSE suggests that rally from 8.18.2023 low is unfolding as a 5 waves impulse. Up from 8.18.2023 low, wave 1 ended at 7745.82 and pullback in wave 2 ended at 7279.86. Up from there, wave ((i)) ended at 7764.37 and wave ((ii)) pullback ended at 7404.08. The Index then […]

USDJPY caught in a battle to overcome 20-period SMA Near-term momentum is positive but weak Bulls face an uphill struggle to regain control USDJPY has started the week on a somewhat positive note but it’s proving difficult for the bulls to secure the upper hand as a tough battle rages around the 20-period simple moving […]

GBPJPY reversed from the resistance area Likely to fall to support level 201.65 GBPJPY currency pair continues to fall after the price reversed down from the resistance area located between the upper trendline of the weekly up channel from last year and the upper weekly Bollinger Band. The downward reversal from this resistance area created […]