USDJPY has been in a prolonged uptrend for almost two years, crossing above its historical resistance levels to post a 32-year high of 151.94 in October. However, the pair has declined moderately from its recent multi-year peak, with the Read more…
A closer look at the 1H timeframe shows that the NZDUSD market has already completed the formation of a cycle actionary wave y. Thus, in the last section of the chart, we can see the Read more…
Credit: Eric Zeman / Android Authority Oppo unveiled the second generation of its MariSilicon SoC. The company revealed its new 6-in-1 health monitor. Oppo also showed off its new AR glasses. With Oppo’s Inno Day Read more…
Equities soared as cooling US inflation spurred hopes of a dovish Fed stance. On the daily chart, the FTSE 100 is holding onto its gains after a break above August’s high of 7560, while still Read more…
WTI crude bounced after OPEC said it expected demand growth from relaxed COVID policies in China. The price took off at its 12-month low and the psychological level of 70.00. But the bulls will need Read more…
Gold popped higher following a deceleration in US CPI last month. After a rally above the August high of 1805, a brief consolidation saw support at 1765 right over the 20-day moving average. As the Read more…
Short term Elliott Wave View in Silver (XAGUSD) suggests the rally from 9.28.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 9.28.2022 low, wave 1 ended at 21.24 and pullback Read more…
Markets US CPI eased more than expected in November to 7.1% headline and 6% core inflation. The downside surprise was no more than 2 and 1 hundreds of a percent respectively but it mattered for Read more…
Daily Pivots: (S1) 166.76; (P) 168.02; (R1) 168.94; More… Intraday bias in GBP/JPY is turned neutral again with current retreat. On the upside, above 169.26 will bring retest of 172.11 high. However, break of 167.09 Read more…
Daily Pivots: (S1) 143.34; (P) 144.34; (R1) 145.17; More…. Intraday bias in EUR/JPY is turned neutral again with current retreat. Outlook is unchanged that correction from 148.38 could have completed at 140.75. Above 145.33 will Read more…