DXY: On the H4, with RSI moving along an ascending trendline and prices moving along the ascending trendline, we have a bullish bias that bullish momentum will carry price to our 1st resistance at 105.620 Read more…
Wednesday’s publication of UK consumer inflation data is eagerly anticipated by traders. It is expected to reveal accelerating price pressures, in line with the recent trend. If the data turns out to be hotter than Read more…
With ECB members on the wires this week trying to talk down fragmentation in the Eurozone, along with CPI from the UK, EUR/GBP could be volatile this week. The ECB held an emergency meeting last Read more…
Last weekend, Bitcoin collapsed to $17,590, marking the first time ever that the king of cryptocurrencies has fallen below its previous cycle’s high. Moreover, Bitcoin is challenging its historical records as it is trading below Read more…
NASDAQ ($NQ) broke below previous low on 5/20/2022 at 11490.50 and opens up a bearish sequence favoring further downside. The entire decline from 11/22/2021 high is unfolding as a zig zag Elliott Wave structure. A Read more…
Brent reversed from key support level 111.80 Likely to rise to resistance level 115.00 Brent crude oil earlier reversed up from the key support level 111.80 (former strong resistance from April and May) – which Read more…
USDJPY broke key resistance level 135.50 Likely to rise to resistance level 137.25 USDJPY currency pair today broke above the key resistance level 135.50 (which stopped the earlier minor impulse wave 1 at the start Read more…
The next move for the USD/JPY may depend on Japan fx intervention, comments from Powell, Japan CPI, or an overbought RSI. Last week, the BOJ met for its interest rate decision meeting. Expectations were for Read more…
General Motors is delivering an electric vehicle that rivals are having problems producing. Electric vehicle makers have faced difficulties in recent months manufacturing and delivering their products to consumers. Makers of EVs blame global supply Read more…