Bitcoin Elliott Wave Analysis in the short term is showing an interesting corrective structure suggesting a recover to take place after it finishes the current move. The digital instrument is correcting the cycle from 03/18 low in 3...
Short term Elliott Wave view in DAX suggests Primary wave ((B)) ended at 12434.7 on 3.16.2018. The decline from there is unfolding as a 5 waves impulse Elliott Wave structure. Down from 12434.7, Minor wave 1 ended at 12160, Minor...
Trade war with China Hurt Global Economy Last week global stock market slumped due to the prospect of all-out trade war which could destabilize global economy. US market closed sharply lower for the week with S&P 500...
Elliott Wave Analysis: SPX Should See More Weakness SPX rally to 2801.9 on 3.13.2018 ended Primary wave ((X)). Since then, the decline from there is unfolding as a double three Elliott Wave structure where Minor wave W...
The US dollar fell significantly against the Japanese yen during trading on Thursday, reaching down below the 105.50 level that I have been talking about recently. I believe that this is a support “zone” that extends down...
The US dollar initially fell against the Canadian dollar on Thursday, as we had seen on Wednesday, but found enough support near the 1.2825 level to turn things around and bounce significantly. As I record this, the...
The British pound has had a wild ride already during the day as I record this. We initially surged after the MPC announcement, reaching the 1.42 handle. However, we rolled over significantly from there and it now...
The EUR/USD pair fell during the trading session on Thursday, reaching down towards the 1.23 handle as I record this. The market does look as if it’s trying to form some type of support in that area,...
The Australian dollar had a rough trading session on Thursday, reaching down towards the 0.77 level. There is a significant amount of noise in this area though, and I think that it could cause a bit of...
GBPUSD has been trending higher on its short-term time frames inside an ascending channel. Price has surged past the resistance to signal that a steeper climb is underway, but a pullback is currently taking place. Applying the...
