EURUSD Daily Analysis – March 10, 2020
EURUSD stays in a bullish trend line on the 4-hour chart and remains in the uptrend from 1.0778. As long as the trend line support holds, the pullback from 1.1496 could be treated as consolidation for the...
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Oil Craters 30%, How Low Can It Go?
OPEC’s failure to strike a deal to cut production output with Russia caused Saudi Arabia to slash oil’s prices in an all-out price war. US West Texas Intermediate Crude plunged more than 30% to $27.9 per barrel...
10-Year Treasury (ZN) Drops Below 0.5% As Fear Grips Market
Over the weekend, a series of events has rocked the market. Investors continue to brace for economic fallout as coronavirus continues to spread around the world. Outside Mainland China, Italy now has the highest infection rate and...
Kirkland Lake Gold Ltd. (NYSE: KL) New All-Time-High in Sight
Kirkland Lake Gold Ltd. (NYSE: KL) is gold mining growing company with highly productive yet low-cost mining operations in Canada and Australia. Last month, the company reported its revenue in Q4 2019 totaled $412 million, 47% higher than Q4 2018 and an 8%...
Sugar: Sellers Entered In The Blue Box As Anticipated
We always refer a lot to the blue boxes which are often shown on our charts and define them as High-Frequency areas which are based in a relationship of sequences, cycles and calculated using extensions. Traders are...
Elliott Wave View: Gilead Sciences ($GILD) Bullish Cycle Heating Up
Gilead Sciences ($GILD) showing signs that it may be in the beginning stages of new bullish cycle. The Long term chart shows a completed bullish sequence in 5 waves for Blue (I) which topped on June 22/2015...
Elliott Wave View: Gold Bounced Strongly After Brief Selloff
Short term Elliott Wave view in Gold (XAU) suggests the rally from August 2018 low in wave III has ended at 1689.30 high. Gold then corrected that cycle in wave IV as a zig-zag. Wave ((A)) of...
Home Depot (HD) Ending 2008 Cycle, $267 Remains Target
The 2009 cycle is ending across the World Indices. Many Indices show five waves already since the lows, but some have been weak since the previous peak sometimes around 2018. Indices like $FTSE, among others, are reaching...
USDCAD Daily Analysis – March 9, 2020
USDCAD’s upside movement from 1.3314 extended to as high as 1.3759. Further rise is still possible after a minor consolidation and next target would be at 1.3850 area. Near term support is at 1.3570, as long as...
USDJPY Daily Analysis – March 9, 2020
USDJPY’s downside movement from 112.22 extended to as low as 101.53. Further decline is still possible after a minor consolidation and next target would be at 100.50 area. Near term resistance is at 103.50, a break of...