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The New Zealand dollar ended Friday’s session close to a four-week low against its U.S. counterpart, amid speculation that the Federal Reserve could hike U.S. interest rates sooner than expected. NZD/USD hit 0...
The DAX as you can see initially tried to rally during the course of the week, but was be back at the €9900 region. The resulting candle is of course a shooting star but it sits on top of a significant amount of support in the area of €9600...
The U.S. dollar fell to one-week lows against the Canadian dollar on Friday after official data showed that the annual rate of inflation in Canada rose at the fastest pace since February 2012 in June. USD/CAD touched lows of 1.0709, the weakest since July 11 and was last down 0.23% to 1.0734...
Fundamental Forecast for Gold: Neutral Gold Trades into Resistance; Resistance at 1325 and 1335 Gold, Crude Prep For Volatility As Unrest In Eastern Europe Escalates Gold prices are considerably lower on the week with the precious metal down more than 2...
Fundamental Forecast for Australian Dollar: Neutral AUD/USD finishes flat despite a bumpy week on RBA minutes, China data, and geopolitical shocks CPI figures and Stevens’ speech unlikely to shift expectations for a “period of stability” for rates If geopolitical tensions fail to intensify, trade...
The pound fell to three-week lows against the dollar on Friday amid concerns over escalating geopolitical tensions between Russia and the West before recovering slightly late in the session. GBP/USD touched lows of 1.0737, the weakest since June 30 before pulling back to 1...
Fibonacci, Actually named Leonardo of Pisa, was born in Pisa, Italy about 1175 A.D.. Today, he is recognized as the greatest European mathematician of the middle ages. Fibonacci is credited with introducing the Arabic-Hindu numeral system to Europe. He also introduced the decimal system...
Fundamental Forecast for Pound: Bullish GBP/USD Hits Fresh Session Highs, Breaks 1.7100 Handle After UK CPI British Pound is an Attractive Buy on Dips The Bank of England (BoE) Minutes and the U.K...
A simple Daytrading Strategy Found a good article about a very interestint Daytrading Strategy especially for different Indizes. Whole Article you found in the Source URL. Check it: SEE ATTACHED FILES FOR PICTURE DESCRIPTION...
The volatility certainly increased last week as Thursday’s decline was the largest in several months. The decline was consistent with the divergences in many of the daily technical studies that have been recently observed...
Geopolitics will remain in the spotlight next week although barring a new spike in risk aversion European data should influence markets as well...
We expect top-line CPI to rise 0.3% MoM with the YoY inflation rate steady at 2.1%. Core CPI likely rose 0.2% MoM with the YoY rate unchanged at 2.0%. In June, prices received by farmers fell -2.6% suggesting overall food prices rose at a slower pace last month...
Fundamental Forecast for Dollar: Bullish Consumer inflation (CPI) stats will look to take control of rate forecasts led astray by Treasury demand Volatility measures can’t fall much further, and that imbalance offers immediate benefit to the US Dollar There was a considerable commotion in the fin...
Price is considered range bound when it is not trending up or down. We can connect swing highs and lows together to create support and resistance levels. Entering a trade with a positive Risk:Reward ratio can tip the odds in our favor...
Oil Prices have fallen since late June. The previous rally was based on anticipation that the Iraq crisis could disturb oil supply, but this has not happened. This week, when WTI Crude price hit 99.00, traders bought it back up...
Both the book and the movie “The Wolf of Wall Street” are very controversial, containing lots of crazy, entertaining, and decadent stories...
Extension Most impulses contain what Elliott called an extension. Extensions are elongated impulses with exaggerated subdivisions. The vast majority of impulse waves do contain an extension in one and only one of their three actionary subwaves...
Motive Waves Motive waves subdivide into five waves with certain characteristics and always move in the same direction as the trend of one larger degree. They are straightforward and relatively easy to recognize and interpret...
Degrees When numbering and lettering waves, the scheme shown below is recommended to differentiate the degrees of waves in the stock market's progression: The most desirable form for a scientist is usually something like 11, 12, 13, 14, 15, etc...
