Elliott Wave Expects Silver (XAGUSD) Pullback to Find Support

Key Highlights EUR/USD is facing hurdles near the 1.1120 and 1.1140 levels. A major contracting triangle is forming with support at 1.1060 on the 4-hour chart. GBP/USD is consolidating gains above the 1.3050 level. Oil prices extended losses below the $70.00 support. EUR/USD Technical Analysis The Euro started another increase from the 1.1025 support against […]

BTCUSD bounces off 2024 low and reclaims 40,000 But price dips back below 50-day SMA after advance pauses Momentum indicators suggest weakening buying pressures BTCUSD (Bitcoin) experienced a strong decline from its recent two-year peak of 49,051, dropping to as low as 38,460. Despite the price’s attempt for recovery, a new round of weakness has begun, with […]

Market breadth indicators (% of component stocks above 20-day & 50-day moving averages) have increased to above 50%. Short-term bullish momentum condition sighted at the retest of its 50-day moving average. Watch the 19,520 key short-term support ahead of a risk event; the earnings results of Alphabet & Tesla after today’s US session close. In […]