Elliott Wave View: DAX Rally Should Fail
Short-term Elliott wave view in DAX suggests the decline from August 13, 2021 high is unfolding as a double three Elliott Wave structure. Down rom August 13 high, wave W ended at 15453.96 and rally in wave X ended at...
Crude Oil In Wait For OPEC+ Decisions
Early in the first full week of October, the oil market has decent expectations while waiting for the next OPEC+ meeting. Brent is trading at $79.00 and will surely very actively respond to all comments, both from the cartel itself...
GBP/USD Outlook: Recovery Extends Into Third Straight Day And Pressures Pivotal Barriers At 1.36 Zone
Fresh bulls from new nearly ten-month low (1.3411) hold grip for the third straight day and crack pivotal 1.1.3570/1.3600 resistance zone (former lows of July/Aug / daily Tenkan-sen/Fibo 38.2% of 1.3912/1.3411). Renewed risk appetite keeps pound afloat in the neat...
Market Morning Briefing: Pound Rose Well From 1.34 Last Week
STOCKS Dow has recovered from the sharp fall seen last week and may continue to move up now while Dax still trades lower but needs to sustain above 15000 to slowly move up. Nikkei needs to sustain above crucial support...
Gold Analysis: Breaks Pattern
The yellow metal has clearly broken the resistance of the channel down pattern. It occurred in a sharp four hour jump, which also passed the resistance of the 55, 100 and 200-hour simple moving averages. Eventually, the metal’s price was...
USD/JPY Analysis: Bounces Off 112.00
The USD/JPY made three attempts to pass the 112.00 level before bouncing off it. At mid-day on Friday the rate had declined and almost reached the 111.00 level. If the 111.00 level provides support, the pair might recover. A potential...
GBP/USD Analysis: Respects Hourly SMA
The GBP/USD found support on Wednesday and Thursday above the 1.3400 level. The support zone has been marked on the hourly candle chart. After finding support, the pair surged to the resistance of the 55-hour simple moving average and the...
EUR/USD Analysis: Decline Finds Support
The decline of the EUR/USD resumed on Thursday. However, it immediately found support in the 1.1563/1.1568 zone. The zone held the pair up from 10:00 GMT up to 01:30 GMT, when a recovery appeared to have started. During the early...
GBPUSD Falls Without A Parachute
GBPUSD sliced through some crucial support levels this week, erasing all its gains for the year. The pair rebounded off the 1.3410 support region, but there’s a series of lower highs and lower lows forming since early June. Indeed, the...
AUD/NZD Still In Downtrend But The Price Is Retracing
AUD/NZD is in downtrend and the price has retraced to the POC zone. We might see a mover soon. 1.0440-82 is the POC zone where the price could bounce up or down. If 1.0498 breaks to the upside we should...