The dollar was unable to continue its strengthening. The 61.8% Fibonacci retracement level appears to act as an insurmountable barrier for the price. Thus, the assumption of a sustained impulsive decline is highly likely to...

The ongoing vote count in the presidential election is also affecting the situation in the GBP/USD trading pair. An attempt by buyers to break beyond the previously formed [c] wave in the ending diagonal triangle...

The trading week ended unsuccessfully for buyers. An attempt to rise was sharply halted, and the price moved downward. It seemed that the new trading week would begin with a continuation of the downward movement....

The price failed to reach the previously designated target of 61.8% on the Fibonacci retracement level. Increased selling pressure pushed the price down, and this decline may mark the start of a prolonged downward impulsive...

The situation with this trading pair does not align well with the previously considered wave scenario, which anticipated the development of a horizontal triangle as wave [b]. Although the targets have been met, there’s no...