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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...
EUR/USD Weekly “Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. 1.3750 is an important reference point (year open).” “1.3670/85 is a level that should inspire a reaction (selling). How the market reacts at that level will help in assessing the next move...
AUDUSD Technical Strategy: Longs preferred Doji highlights indecision suggesting range may persist Harami on the four hour timeframe yielded intraday recovery AUDUSD continues its consolidation between the 0.9320 and 0.9440 mark with a Doji on the daily suggesting indecision amongst traders...
Geo-political issues, which attracted the most attention at the end of this week, lifted the dollar and the yen up. US housing and inflation data, British GDP are among the main events on the forex calendar this week...
Investing in the stock market can be challenging sometimes, because the market can be so volatile. But with the right information, you can make the market much easier to profit from. Here are some investing tips that will keep you on the right road so your investment returns can keep growing...
By now, you should have a fairly basic understanding of how the stock market works and what it takes to trade in the Foreign Exchange Market. The next step comes in learning to spot trends and use them to make trades that will result in you making some money...
Prices continue to race higher after rebounding from rising channel support set from mid-March, taking out the 38.2% Fibonacci retracement at 102.92. Buyers now aim to challenge the 50% level at 104.14, with a break above that exposing the 61.8% Fib at 105.36. Alternatively, a move back below 102...
