The US dollar went sideways initially during the day on Friday, showing resistance near the 114.50 level, which is an area I have been talking about for some time. That is the beginning of significant resistance towards...
The US dollar rallied during the day on Friday initially, but found the 1.29 level to be a bit too resistive. We pulled back from there, but quite frankly this is a very bullish pair currently, and...
The British pound fell significantly at the open on Friday, reaching down to the 1.3075 level. We have bounced from there, and we are getting close to an uptrend line just below on the weekly chart. Because...
The EUR/USD pair continued the bearish pressure during the day on Thursday, as the reaction to the dovish statement by Mario Draghi continues. In fact, we are below the 1.16 level as I record this, and this...
The Australian dollar went sideways on Friday, as we have reached the 61.8% Fibonacci retracement level from the weekly move. We have recently broken down below massive support, and I now think that the 0.7750 level above...
FTSE Elliott Wave view suggests that decline to 7199.5 ended Primary wave ((4)). Up from there, the rally is unfolding as an impulse Elliott Wave structure where Minor wave 1 ended at 7327.5 and pullback to 7289.75 ended Minor...
Short term Gold Elliott Wave view suggests that the rally from 10/06 low (1260.52) to 10/16 peak (1306.35) ended intermediate wave (X) then the decline from there is unfolding as a a double three Elliott wave structure. As the...
EURUSD broke below the neckline of its long-term head and shoulders pattern, confirming that a downtrend is underway. The chart pattern is approximately 400-500 pips tall so the resulting selloff could last by the same amount. The...
Elliott wave: The 5 waves advance The Elliott wave Theory is a famous trading tool and is based in the idea that the Market advances in 5 waves and corrects in 3 waves. The Theory has some...
US President, Donald Trump, threatened to “Totally Destroy” North Korea during his speech in United Nations assembly on 19th September 2017 and further added that “Rocket Man” is on a suicide mission for himself and for his regime....
