4-hour timeframe Technical data: The upper channel of linear regression: direction – down. The lower channel of linear regression: direction – up. The moving average (20; smoothed) – up. CCI: 95.2473 In the evening article for September 17, we have already said that the meeting in the Supreme Court of Great Britain in the case […]

4-hour timeframe Technical data: The upper channel of linear regression: direction – down. The lower channel of linear regression: direction – down. The moving average (20; smoothed) – sideways. CCI: 60.1329 Last night, we wrote that the Fibonacci level of 61.8% (1.0997) is extremely important to determine the future dynamics of the EUR/USD pair. We […]

Crypto Industry News: American ACC (Army Contracting Command) from New Jersey has issued a pre-order notice for cryptocurrency investigation service providers. According to ACC, an analytical solution in the field of cryptocurrency is sought for use by the U.S. Army Criminal Investigation Command (USACIDC) for use in criminal investigations and other missions. The notice states […]

US short-term rates jump on liquidity shortage in money markets, forcing Fed to step in FOMC decision awaited after market stress prompts speculation of balance sheet action Oil sharply reverses gains after Saudis pledge quick return to full output Calm returns to US money markets The US Federal Reserve carried out its first overnight repo […]

USDJPY has finally revived some bullish power, spiking above its shorter-term simple moving averages (SMA) and the Ichimoku cloud to reach one-month highs slightly above the 108 level. Technically, the market could retain positive momentum in the short-term as the RSI, the Tenkan-sen and the MACD all point upwards in the bullish area. The 108.40 handle, which is the […]

US30 stock index pierced below the uptrend line drawn from August 26 but found support from the 50-period simple moving average (SMA) around the 27,000 handle. The index has been in a two-week uptrend, during which it plotted a seven-week high of 27,312 from where the price inched down to test the uptrend line. The […]

US30 stock index pierced below the uptrend line drawn from August 26 but found support from the 50-period simple moving average (SMA) around the 27,000 handle. The index has been in a two-week uptrend, during which it plotted a seven-week high of 27,312 from where the price inched down to test the uptrend line. The […]

Unlike its major counterparts, the Bank of England (BoE) is not expected to join the dovish camp on Thursday when it announces its rate decision as the country has more Brexit developments to chew on. And while stable interest rates are better than an unexpected rate cut for the volatile pound, this week’s data out of Britain are […]

Unlike its major counterparts, the Bank of England (BoE) is not expected to join the dovish camp on Thursday when it announces its rate decision as the country has more Brexit developments to chew on. And while stable interest rates are better than an unexpected rate cut for the volatile pound, this week’s data out of Britain are […]

The Bank of Japan will conclude its two-day policy meeting on Thursday, a few hours after the Federal Reserve announces its latest rate review. After the European Central Bank decided to restart its asset purchase program in the past week and the Fed is widely expected to cut rates for the second time this year, […]

Many observers of the U.S. government bond market expected “concerns about the global economy” to continue to “fuel” a persistent rally. Those economic worries are still making headlines, but something has happened with the rally in 30-year Treasuries. Take a look at these two charts … Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube Or, […]

WTI oil futures’ steam cooled after a fierce move led to a break above the upper boundary of the three-and-a-half-month sideways market, with the price of the commodity already starting to consolidate again. The price had gapped above the simple moving averages (SMAs), which now paint a positive picture, with their bullish cross. The stall […]

E-Mobility is growing fast with new models with higher range available. Therefore the world needs more lithium supply than planned and Millennial Lithium will be one of the future providers for the battery industry. Their development lithium project Pastos Grandes in Argentina has very favorable economics and shall be within 2-3 years in production, Jochen […]

E-Mobility is growing fast with new models with higher range available. Therefore the world needs more lithium supply than planned and Millennial Lithium will be one of the future providers for the battery industry. Their development lithium project Pastos Grandes in Argentina has very favorable economics and shall be within 2-3 years in production, Jochen […]

Oil prices fall back slightly as imminent risk of war recedes, but tensions remain elevated US dollar in demand ahead of Fed decision; heightened tensions provide support Aussie slips after RBA minutes leave door open to another near-term rate cut Oil markets calmer but tensions high Crude oil prices moderated slightly on Tuesday as the […]

GBPUSD had a weak start to the week as the 1.2500 level did not allow Friday’s big rally, that ended above the Ichimoku cloud, to continue. The price is currently located lower around 1.2400, with the falling RSI warning over a softer trading tone in the short-term. Yet, as far as the indicator holds above its 50 […]

In October, XM expands the range of forex seminars hosted across North Africa, reaching a new destination: Tunisia. We are pleased to announce that the seminar titled Trading with Reversal Patterns and the Avramis River will be held in the largest financial centre of the country, Tunis, on 26th October, giving local retail traders an […]

Palladium futures plotted a new all-time high of 1617.03 as the bulls surpassed the previous peaks from March 21 and July 11. However, the sellers have emerged and have frozen all short-term efforts of a climb higher, something which is also reflected in the momentum indicators. The MACD although in positive areas and above its […]

Brent crude oil today gapped higher, propelling the commodity to levels not seen for three-and-a-half months. The price soared by 6.51 at the opening to reach a peak of 68.49, before black gold retraced down to 64.81, surrendering some of its gains. Yet, the bulls have resurfaced and revived the move up back above 65.52, […]

GBPCAD recorded its biggest daily gain in more than two years on Friday, with the pair rallying by 2.0% to find resistance around 1.6610, which is the 38.2% Fibonacci of the downleg from 1.7793 to 1.5873 – a key support area during 2018. Although the market opened lower on Monday, the bullish pressure remains strong as the MACD keeps […]

USDNOK has created a lower low around 8.910 and a lower high at 9.010, putting its upward pattern that topped at a multi-year high of 9.162 into speculation. The 50-period simple moving average (SMA) in the four-hour chart is heading for a bearish cross with the 200-period SMA, signaling that a resumption of the positive […]

Gold bounced off the uptrend line drawn from May 30, gapping above the 21-period simple moving average (SMA) and then was halted by the 50-period SMA. The metal had consolidated around the 1488 level, which is the 23.6% Fibonacci retracement of the up leg from 1266.20 to 1556.92, after dropping from a recent seventy-seven-month high […]

Oil prices skyrocket after Yemen rebels launch air strikes on Saudi oil facilities Safe havens also jump as poor Chinese data adds to risk-off mood Pound eases from highs after EU casts doubt on Johnson’s claim of Brexit progress Oil prices surge to 4-month high after Saudi oil attacks Crude oil prices skyrocketed on Monday, […]

EURUSD managed to quickly recover from 28-month lows last week but once again the bulls did not have the strength to close above the down-trending line drawn from the 1.1411 peak. The short-term bias is now looking neutral-to-bearish as the RSI eases momentum marginally below its 50 neutral mark and the red Tenkan-sen is stabilizing well under […]

You know the basic Elliott wave pattern: 5 waves in the direction of the trend followed by 3 waves against it. But sometimes, wave 5 is so weak that it doesn’t move beyond the end of wave 3. It’s called a “truncation,” and it warns you of trend reversals. Learn How the Wave Principle Can […]