DJI 30 Price Swings And Waves Before US Elections
This article reviews the potential ABC (orange) correction and how deep the retracement can go with the U.S. Presidential elections around the corner. A strong bullish bounce (blue arrow) could confirm the uptrend. A bear flag (green arrow) could indicate...
NZD/USD Analysis: Two Scenarios Likely
The NZD/USD currency pair is currently trading in a narrow descending channel pattern. The New Zealand Dollar declined by 65 pips or 0.98% against the US Dollar during yesterday’s trading session. Technical indicators suggest that bears are likely to continue...
USD/CAD Analysis: Buying Signals
The 50– hour simple moving average guided the US Dollar against the Canadian Dollar on Thursday. The currency pair made about 74 pips move during Thursday’s trading session. Technical indicators demonstrate that the USD/CAD exchange rate could continue to trend...
AUD/USD analysis: Likely To Maintain Channel
Downside risks have continued to dominate the Eurozone currency against the Japanese Yen. The currency pair declined by 88 pips or 0.72% during Thursday’s trading session. Technical indicators suggest selling signals on the 4 hour and daily time-frame charts. Most...
EURUSD 1.1500 Possible
The euro currency is continuing to slide lower against the US dollar after the ECB interest rate decision revealed that the central bank may announce a new policy measure in December. The ongoing sell-off in the EURUSD pair could reach...
WTI Oil Futures Test Bottom of the Range after Slump
WTI oil futures for December delivery are seeking a breakdown below the range area that strictly held the market in a neutral structure during the past four months. From a technical standpoint, the price is set to cross below the...
EUR/USD Trades At 1.1720
On Wednesday, the EUR/USD currency pair declined to the 1.1720 mark. It is likely that some downside potential could prevail in the market, as the exchange rate is pressured by the weekly S1 at 1.1752. In this case the rate...
Elliott Wave View: Silver (XAG/USD) Correction May Extend
Short term Elliott Wave View in Silver (XAGUSD) suggests that cycle from August 7 peak is unfolding as a triple three Elliott Wave structure. In the 60 minutes chart below, the metal ended wave ((X)) ((X)) at $25.57. Silver is...
Prices Don’t Always Move in a Straight Line: S&P 500, EUR/USD, AUD/USD
Stocks are lower today and the US Dollar is higher today as fears of contagion from the coronavirus and the possibility of more national lockdowns are taking hold (It was just recently released that Germany’s lockdown will begin on Monday...
USD/NOK 4H Chart: Two Scenarios Likely
Since the beginning of October, the USD/NOK exchange rate has been trading upwards within an ascending channel. From a theoretical point of view, it is likely that the currency pair could continue to trade upwards within the predetermined channel in...
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