EURUSD

Price is pausing with the downtrend after it hit the bottom of the channel (blue).

4 hour EURUSD:

EURUSD

Price made a retracement to the 38.2% Fibonacci of wave 4 (light blue). A breakout (red arrows) could occur if price breaks below the support (green) trend line.

60 min EURUSD:

EURUSD


GBPUSD

The Awesome Oscillator has retraced back to the middle line (center), which indicates that a retracement could be completed in the near future.

4 hour GBPUSD:

GBPUSD

Price could not break the 38.2 Fibonacci retracement so far of potential wave 4 (red). Break outs (red arrows) could be possible below support (green and blue) lines.

60 min GBPUSD:

GBPUSD


USDJPY

Price is accelerating in an uptrend which could be part of wave 3 (light blue and dark blue).

4 hour USDJPY:

USDJPY

Price is moving upwards in a neat channel (blue and orange).

60 min USDJPY:

USDJPY

Elite CurrenSea Training Program(s) should not be treated as a recommendation or a suggestion to buy or sell any security or the suitability of any investment strategy for Student. The purchase, sale, or advice regarding any security, other financial instrument or system can only be performed by a licensed Industry representative; such as, but not limited to a Broker/Dealer, Introducing Broker, FCM and/or Registered Investment Advisor. Neither Elite CurrenSea nor its representatives are licensed to make such advisements. Electronic active trading (trading) may put your capital at risk, hence all trading decisions are made at your own risk. Furthermore, trading may also involve a high volume & frequency of trading activity. Each trade generates a commission and the total daily commission on such a high volume of trading can be considerable. Trading accounts should be considered speculative in nature with the objective being to generate short-term profits. This activity may result in the loss of more than 100% of an investment, which is the sole responsibility of the client. Any trader should realise the operation of a margin account under various market conditions and review his or her investment objectives, financial resources and risk tolerances to determine whether margin trading is appropriate for them. The increased leverage which margin provides may heighten risk substantially, including the risk of loss in excess of 100% of an investment.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD awaits RBA Meeting Minutes for direction

AUD/USD awaits RBA Meeting Minutes for direction

The AUD/USD pair retreated from above 0.6700 and trades around 0.6670 early in Asia, following clues from Gold price in the absence of other news. Australia will publish Westpac Consumer Confidence and RBA Minutes early on Tuesday.

AUD/USD News

EUR/USD consolidates ahead of 1.0900

EUR/USD consolidates ahead of 1.0900

The EUR/USD pair failed to grab speculative interest’s attention on Monday and consolidated at around 1.0860. Federal Reserve officials keep flooding the news, but so far, failed to spur some action.

EUR/USD News

Gold retreated from record highs, maintains the upward bias

Gold retreated from record highs, maintains the upward bias

Gold rose sharply at the beginning of the week on escalating geopolitical tensions and touched a new all-time high of $2,450. With market mood improving modestly, XAU/USD erases a majority of its daily gains but manages to hold above $2,400.

Gold News

Ethereum poised for high volatility as SEC may ‘slow play S-1s’ filings

Ethereum poised for high volatility as SEC may ‘slow play S-1s’ filings

Ethereum's (ETH) price movement on Monday reveals traders' uncertainty following Grayscale CEO's departure and expectations that the Securities & Exchange Commission (SEC) would deny applications for spot ETH ETFs this week.

Read more

Signed into law: Alabama abolishes income taxes on Gold and Silver

Signed into law: Alabama abolishes income taxes on Gold and Silver

On May 14, 2024, Alabama Governor Kay Ivey signed a bill that removes all income taxes on capital gains from the sale of gold and silver, enabling the state to take an important step forward in reinforcing sound money principles.

Read more

Majors

Cryptocurrencies

Signatures