On the eve of the G-20 summit, traders are noticeably nervous when responding to conflicting rumors. The stakes are really high – according to the results of the G20, the trade war will either break out with a new force, or end with the signing of a large-scale transaction. In the first case, the superpowers […]

On the eve of the G-20 summit, traders are noticeably nervous when responding to conflicting rumors. The stakes are really high – according to the results of the G20, the trade war will either break out with a new force, or end with the signing of a large-scale transaction. In the first case, the superpowers […]

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Speculators looking for a “fast buck” turned to day trading in the late 1990s. After the ensuing bear market, house flipping became a fad. But the big housing bust only put the kibosh on this pursuit temporarily. Will a big lesson have to be learned all over again? Subscribe to Elliott Wave International’s YouTube Channel: […]

On May 3rd, the GBPJPY pair initiated the depicted bearish movement channel around 146.45 On March 21st, another visit towards the upper limit of the same channel (141.70) was demonstrated. Since then, the depicted downtrend/channel has been intact until June 4 when the pair failed to achieve a new low below 136.50. This was followed […]

On June 4, temporary bullish breakout above 1.2650 was demonstrated for a few trading sessions. This enhanced the bullish side of the market towards 1.2750 (consolidation range upper limit) which has been preventing further bullish advancement up till now. On June 14, recent temporary bearish decline was demonstrated below 1.2600 hindering the mentioned bullish scenario […]

On June 4, temporary bullish breakout above 1.2650 was demonstrated for a few trading sessions. This enhanced the bullish side of the market towards 1.2750 (consolidation range upper limit) which has been preventing further bullish advancement up till now. On June 14, recent temporary bearish decline was demonstrated below 1.2600 hindering the mentioned bullish scenario […]

Crypto Industry news: As world leaders start arriving for the G20 summit in Osaka, Japan, policymakers and crypto industry representatives are convening at another summit to discuss the implications of proposed global standards for crypto assets and service providers, as well as solutions that will minimize unintended consequences of implementing these standards. It will be […]

Crypto Industry news: As world leaders start arriving for the G20 summit in Osaka, Japan, policymakers and crypto industry representatives are convening at another summit to discuss the implications of proposed global standards for crypto assets and service providers, as well as solutions that will minimize unintended consequences of implementing these standards. It will be […]

EURUSD has pulled back towards our short-term target area of 1.1325-1.1350. Price is mostly moving sideways as the RSI is falling from overbought levels. EURUSD has the potential for another drop lower towards 1.13-1.1280 before resuming its up trend. Red rectangle – horizontal support Green line – trend line support EURUSD is trading above 1.1350. […]

EURUSD has pulled back towards our short-term target area of 1.1325-1.1350. Price is mostly moving sideways as the RSI is falling from overbought levels. EURUSD has the potential for another drop lower towards 1.13-1.1280 before resuming its up trend. Red rectangle – horizontal support Green line – trend line support EURUSD is trading above 1.1350. […]

Gold has been trading sideways at the price of $1.404. Anyway, I found that there is potential for the more downside on the Gold due to the change in the order flow from bullish to bearish. Watch for selling opportunities. Red rectangle – Important resistance Blue rectangle- Support 1 Blue rectangle – Support 2 I […]

Gold has been trading sideways at the price of $1.404. Anyway, I found that there is potential for the more downside on the Gold due to the change in the order flow from bullish to bearish. Watch for selling opportunities. Red rectangle – Important resistance Blue rectangle- Support 1 Blue rectangle – Support 2 I […]

The euro is gradually strengthening, despite the weak data on sentiment in the eurozone economy. Support for risky assets provides news on the trade agreement between the US and China. I have already said that yesterday the US Treasury Secretary stated 90% of the readiness of the agreement between the United States and China. Today, […]

EUR/USD The overall wave counting of the EUR/USD pair is not completely unambiguous, but still quite rational and looks convincing. A minimum of May 23 is now considered as the end of the downward section of the trend. However, the main questions are not connected with this, whether we will see a full 5-wave upward […]

Overview: The GBP/USD pair will continue to rise from the level of 1.2676. The support is found at the level of 1.2676, which represents the 61.8% Fibonacci retracement level in the H1 time frame. The price is likely to form a double bottom. Today, the major support is seen at 1.2676, while immediate resistance is […]

The rally of bitcoin number 1 lasted for the past eight days that led to dizzying results. The leading digital currency has risen in price by a fantastic percentage of 277% since the beginning of the current year and continues to ascend. During the trading session on Wednesday, June 26, the bitcoin rate reached an […]

4-hour timeframe Technical data: The upper linear regression channel: direction – up. The lower linear regression channel:: direction – up. The moving average (20; smoothed) – up. CCI: -24.4108 Gold rose in price throughout the month of June, which forced many experts and analysts to conclude that the demand for the most famous precious metal […]

USDCNH had a bearish start on Thursday, with the price remaining below a crucial support of the 6.9000 barrier and the 40-day simple moving average (SMA). From the technical point of view, the RSI is heading down in bearish territory, while the MACD also supports a bearish picture, since it continues to hold near the zero line and below […]

This week, the focus among investors will be at the G20 summit, which will take place at Osaka, Japan. The meeting usually brings together the leaders of the 20 biggest and most powerful economies in the world. Their goal is usually to deliberate on the key challenges the world is facing such as climate change, […]

Corn is one of the most important agricultural commodities in the US. In June, the price of the commodity has risen sharply, caused by the poor weather that has affected most regions that grow the crop. In the month, the price has risen from a low of $3.42 and reached a high of $4.63. The […]

This year, Bitcoin is one of the best performing financial asset after rising by more than 240%. In the five days alone, the currency has gained by more than 30%. The recent upward trend is mostly attributed to the recent announcement by Facebook, that it will be launching its own cryptocurrency in the coming year. […]

Between 11th May and 22nd June XM continued its free seminar series in the Philippines, offering retail investors the opportunity to attend educational events devoted to imparting useful knowledge on forex trading techniques and strategies. Our staff members were pleased to welcome numerous clients at the latest XM seminars held in the cities of Iloilo, […]

Bitcoin moved lower as expected. It is currently going back to the mean having reached $14,000 with impulsive pressure. Earlier, it managed to gain and sustain impulsive bullish momentum after breaching above $11,500 area with a daily close which came to an end after counter bearish pressure pushed the price by more than $2,000 lower […]

Safe haven gold has been winning favor with investors amid uncertainty in the global economy. The precious metal managed to sustain and retain momentum above $1,400. However, analysts expect a retracement along the way before the price hits the $1,500 psychological level. Gold price dipped for a while for some reasons. Golg is taking advantage […]