EUR/USD Elliott Wave Analysis: More Weakness Ahead
Stocks are higher since the FED decision last week, so buy the rumor sell the news is what caused a turn. We see commodity currencies doing well, with more upside in view in the very near term. If you favor...
EUR/USD Outlook: Negative Fundamentals Weigh Heavily and May Stall the Recovery
The Euro eases on Friday but is on track for the first bullish weekly close in six weeks that adds to positive signals as Doji reversal pattern is forming on weekly chart. On the other side, fresh bulls face difficulties...
GBPJPY Eyes Nearby Ceiling after Extending above MAs
GBPJPY is targeting the 156.77 barrier after maintaining a two-week climb from the 150.96 low, which also managed to overstep the simple moving averages (SMAs). For some time now, the SMAs have been lacking a distinct trend as the pair...
Bitcoin Whale Activity Has Fallen to the Lowest
Bitcoin is down 0.4% over the past 24 hours to $40.7K. Ethereum has added 1.5% over the same time, other leading altcoins from the top ten are changing from -2.0% (Terra) to 5% (Avalanche). The total capitalization of the crypto...
Elliott Wave View: Gold Rallies Higher After 3 Waves Pullback
Short Term Elliott Wave View in Gold suggests the decline from March 08, 2022 high completed 3 waves down as a zig zag Elliott Wave structure. Down from March 08 wave ((1)) high, wave A ended at 1970.30 and rally...
WTI Oil Futures Set a Floor, But is it Stable?
WTI oil futures (April delivery) started the day on a positive note on Thursday after two weeks of harsh selling. The positive momentum in the price is following the formation of a bullish doji around 95.32, which seems to have set the...
JP225 Index’s Bias Improves But Outlook Remains Bearish
The JP 225 index continues its downtrend move, recording successive lower lows and lower highs as negative momentum lingers. Moreover, the index is currently trading well below its 50- and 200-day simple moving averages (SMAs), reinforcing the overall bearish outlook....
USD/CHF Gains Bullish Momentum, Fed Decision Next
Key Highlights USD/CHF started a major increase after it broke the 0.9250 resistance. It is up over 150 pips and broke many hurdles on the 4-hours chart. EUR/USD is still struggling below 1.1080, and GBP/USD is consolidating above 1.3000. The...
GBP/USD: Bears May Take a Breather Before Push through Psychological 1.30 Support
Cable is consolidating above new 2022 low (1.3009) the lowest since Nov 2020, as bears face headwinds from psychological 1.30 support and oversold daily studies. Bounce is likely to correct the latest fall, with RSI on daily chart emerging from...
Gold Updated Its Highs
In March, Gold updated its high at $2,078.80 and then started a correction. Early in a new week March week, the precious metal is trading at $1,977. Gold is an excellent tool for investors to protect them from the consequences...