Gold Is Trying To Make A Long Breakout
Gold is preparing for a long breakout if momentum persists. Gold is at the critical support 1765-75 is the zone which bulls need to hold if they want to push the price higher. Ideally it should stay above the interim...
XAUUSD Is Possibly Bearish
Technical analysis At the moment, the price trades at 1,776.72 It lies in between the EMA(50) and EMA(100) The EMA(100) lies higher than the EMA (50), which is favorable for the bears The MACD indicator reads below 0, with the...
Dollar Index Extends Weakness after Downbeat US PMI Data but Bears Face Headwinds from strong supports
The US dollar fell further against the basket of major currencies on Wednesday, pressured by weaker than expected US PMI data. Although the US factory activity index rose to record high in June, Services PMI dropped significantly (June 64.8 vs...
GBP/USD Outlook: There Is A Key Bullish Trend Line With Support Near 1.3910
The British Pound started a decent recovery wave from the 1.3800 zone against the US Dollar. The GBP/USD pair climbed above 1.3850 to move into a short-term positive zone. The pair even broke the 1.3920 resistance and the 50 hourly...
Elliott Wave View: SPX All-Time High Imminent
Elliott Wave View in S&P 500 (SPX) suggests the rally from September 25, 2020 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from September 25, 2020 low, wave (1) ended at 3870.90 and pullback in wave...
Bitcoin is Finished? US Dollar Says Otherwise!
China has been on a rampage trying to crackdown on cryptocurrencies, threatening banks and miners throughout the country. Over this past weekend, China ordered domestic banks and payment platforms to stop provides services linked to trading of virtual currencies. As...
EUR/USD Trades Sideways
Since Friday, the EUR/USD currency exchange rate has been fluctuating between the support of the 1.1850 mark and the resistance of the 1.1925 level. In the near term future, the situation could change due to the approaching of the hourly...
Elliott Wave View: NZDUSD Looking For Further Downside
NZDUSD shows an incomplete bearish sequence from February 25, 2021 high favoring further downside. Near term, cycle from May 26, 2021 peak remains in progress as a zigzag Elliott Wave structure. Down from May 26 peak, wave A ended at...
WTI Oil Outlook: Oil Prices Remain Well Supported by Expectations for Further Rise in Global Demand
WTI oil price kept a firm tone on Monday and probed above $72 per barrel, following last week’s pullback from new 26-month high ($74.93) which briefly dipped below psychological $70 support. Repeated failure to register close below rising 10DMA signaled...
Gold Elliott Wave Analysis
GOLD Trades lower with in bullish triangle. Above trendline support seems bullish. As per Elliott Wave analysis Gold (XAUUSD) is coming down quite sharply, but we still believe bulls are still here, so for now we are observing wave C...
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