Brent crude oil has reached $85.40, marking a continued increase over two consecutive sessions. This upward trend is primarily supported by recent US energy inventory statistics, which showed a significant decrease of 4.87 million barrels Read more…
Hello traders, welcome to a new blog post. Today, we will discuss the future path for the USDCHF currency pair. The recent breakout confirmed the bearish bias we shared with members of Elliottwave-Forecast. So, what Read more…
The Australian dollar is showing limited movement on Thursday. AUD/USD is trading at 0.6736 in the European session, up 0.10% on the day, up 0.1% at the time of writing. Job growth shines but unemployment Read more…
Market picture The cryptocurrency market has pulled back 0.7% to $2.37 trillion from local extremes in the last 24 hours while remaining around highs. This looks like localised profit-taking after the rally, but not exhaustion. Read more…
Check back for updates throughout the trading day U.S. equity futures were mixed in early Thursday trading as investors looked to claw back some of the worst losses for tech stocks in more than two Read more…
EURUSD rally slows down near 4-month high Gets bearish vibes, but positive trend is still alive above 1.0900 ECB to hold interest rates steady at 12:15 GMT; Will it signal a second rate cut? EURUSD took a Read more…
WTI futures rebound from a 3-week low Next target for the bulls is the July peak of 84.50 Momentum indicators are cautiously tilted to the upside WTI oil futures (August delivery) had been in a steady uptrend since early Read more…
Bullish Scenario: Buy above 156.45 with targets at 157.16, 157.90, and 158.10 in extension. Set S.L below 155.80 or at least 1% of the account’s capital. Apply Trailing Stop. Bearish Scenario: Sell below 157.16 or Read more…
The currency pairs AUD/USD and USD/CAD, unlike the pairs with the Euro, Yen, and Sterling, continue to demonstrate long-term stability. These pairs have been trading in narrow price corridors for several months. Given the weakening Read more…
Rally from 7.5.2024 low in Bitcoin (BTCUSD) looks impulsive suggesting further upside. Pullback to 53570 ended wave ((4)) and Bitcoin has turned higher in wave ((5)). The crypto currency still needs to break the previous Read more…