Tomorrow will be an important event for the United Kingdom and all of Europe – the name of the country’s new Prime Minister will be known. Recall that this post is claimed by two candidates: Former British Foreign Minister Boris Johnson and the current Foreign Minister Jeremy Hunt. The fate of Brexit depends on which […]

There’re prospects of developing a Wolfe Wave pattern in USD/CHF. As we can see on the 60M chart, the market is about to finish wave 5. The main target is the 0.618 retracement level of the previous upward price movement at 0.9791. The subsequent pullback from this level could be a departure point for a […]

EUR has been trading sideways at the price of 1.1218. EUR didn’t have power to test or break the important low at 1.1204, which is sign of the strength. The Bollinger band % indicator is showing the bullish divergence in the background and the band squeeze (narrow range of the bands), which is sign for […]

There’s a bullish opportunity in Bitcoin because of a three-wave price movement, which is supposed to be wave ((ii)). Previously, we saw a huge upward impulse in wave ((i)). That’s why we could expect another five-wave rally after the bearish correction. As you can see on the chart, there’s a bullish impulse in wave (i) […]

To open long positions on GBP/USD, you need: Buyers of the pound failed to catch on to the important support level of 1.2472, which I drew attention to in my morning review, and the task for the second half of the day will be to return to this range, which will only slightly change the […]

Good afternoon, I’m Dana Weeks with Market Minute for Monday, July 22nd. The financial media & investors seem to be focused on the upcoming FED meeting. Again- we don’t think it matters. https://bit.ly/31Nha9f Learn How the Wave Principle Can Improve Your Trading

Amazon pulled away from a nine-month high of 2032 in the previous weeks, to halt yesterday at the 23.6% Fibonacci retracement level of the up move, from 1670 to 2032, of 1949. The 21-day simple moving average (SMA) is also very close and a hammer formation has taken shape, pushing the price above the resistance […]

Over the weekend, the biggest news in the market was that Iranian’s Revolutionary Guard (IRG) had seized a British tanker at the Strait of Hormuz. This happened as tensions between the United Kingdom and Iran continued. In a statement, IRG said that the oil tanker had violated international rules after colluding with an Iranian fishing […]

This week, the focus among investors will be on corporate earnings. This is after about 15% of companies in the S&P 500 released their earnings last week. Of all the companies that released their earnings, more than 80% beat the consensus analysts’ forecasts. This week, companies that will release include the likes of Amazon, Google, […]

EURCAD recovered slightly to the upside after it reached a fresh 22-month low around the 1.4600 psychological mark last week. However, the pair dived aggressively from the 1.4880 – 1.5210 trading range, extending bearish actions below the short-term moving averages in the daily timeframe. The RSI and the MACD are lacking direction as both are […]

By the end of the last trading week, the currency pair pound / dollar showed a volatility close to the average daily 78 points, as a result of having a recovery process.From the point of view of technical analysis, we see that the recent correctional movement from the point of support d in the form […]

EUR/USD The unfinished wave model on the euro chart starts on June 25. Its structure completed the first 2 parts (A+B). The decline that began on July 19 has a high wave level. The price has reached a strong support zone. Forecast: At the next trading sessions, it is expected to form a correction to […]

Another Friday’s portion of criticism of the Federal Reserve System by the US President and the general opinion of several Fed officials that interest rates should be lowered did not weaken the dollar, but rather strengthened its position against a number of risky assets. The demand for the US dollar remains due to the fact […]

Recall that the head of the most influential FRB in the Fed system surprised everyone at the end of last week when he said that he considered it necessary to more aggressive lower interest rates since all the conditions for this have already been established. Against this background, expectations for a decrease in the key […]

To open long positions on GBP/USD, you need: At the end of last week, the pound rose after statements from the EU, which were about Brexit and new conditions, but then the euphoria quickly subsided, as it never came. At the moment, buyers of the pound can count on a return and consolidation above the […]

ETHUSD has been moving with weak momentum over the last few sessions, remaining between the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. Following the rebound on 187.63, the 61.8% Fibonacci retracement level of the upward wave from 80.00 to 362.045, the technical indicators are suggesting more gains to come ahead; the stochastic is positively […]

EURAUD descended from a five-and-a-half-month high of 1.6447, over a one-month period, to break through a double obstacle of the 200-day simple moving average (SMA) and the uptrend line from Feb 2017. Price stalled just below the 1.5900 psychological level, where buyers have come on board to try and move back north. The price has […]

Gold spiked to a fresh six-year high of 1,453 on Friday after closing above the 50% Fibonacci of the three-year old downleg from 1,796 to 1,046, but the market could not sustain the gains, with the price pulling back near the Fibonacci level. Meanwhile in momentum indicators, the MACD failed to pierce its red signal line last […]

Stocks pull back, oil climbs as Iran escalates tensions with UK Dollar outperforms after Fed’s Bullard downplays prospect of ‘double’ cut Big week for euro, with a crucial ECB meeting on Thursday US equities retreat, oil rebounds after Iran seizes British ship Geopolitical headlines rattled markets late on Friday, with the benchmark S&P 500 (-0.62%) […]

Crypto Industry News: Jeremy Allaire, CEO of Circle, will take part in lunch with the director-general of Berkshire Hathaway, Warren Buffett, chief executive of Tron, Justin Sun and creator of Litecoin, Charlie Lee. On July 19, Allaire accepted Sun’s invitation on Twitter to join the $ 4.6 million lunchtime expectation with the famous Bitcoin skeptic […]

Crypto Industry News: Jeremy Allaire, CEO of Circle, will take part in lunch with the director-general of Berkshire Hathaway, Warren Buffett, chief executive of Tron, Justin Sun and creator of Litecoin, Charlie Lee. On July 19, Allaire accepted Sun’s invitation on Twitter to join the $ 4.6 million lunchtime expectation with the famous Bitcoin skeptic […]

Crypto Industry News: Jeremy Allaire, CEO of Circle, will take part in lunch with the director-general of Berkshire Hathaway, Warren Buffett, chief executive of Tron, Justin Sun and creator of Litecoin, Charlie Lee. On July 19, Allaire accepted Sun’s invitation on Twitter to join the $ 4.6 million lunchtime expectation with the famous Bitcoin skeptic […]

Crypto Industry News: Jeremy Allaire, CEO of Circle, will take part in lunch with the director-general of Berkshire Hathaway, Warren Buffett, chief executive of Tron, Justin Sun and creator of Litecoin, Charlie Lee. On July 19, Allaire accepted Sun’s invitation on Twitter to join the $ 4.6 million lunchtime expectation with the famous Bitcoin skeptic […]

Crypto Industry News: Bitcoin gained the legal recognition of the second Chinese court, which in turn strengthened the cryptocurrency in one of the most difficult environments. The Hangzhou online court formally recognized Bitcoin as virtual property. The second such case, when the court attributed to Bitcoin the status of ownership, was a ruling being part […]

Technical Market Overview: The GBP/USD pair has broken above the short-term trendline dynamic resistance around the level of 1.2525, made a local high at the level of 1.2556 and then quickly reversed down towards the technical support at the level of 1.2480. It looks like a false breakout as the bulls are clearly not strong […]