Cycle from Sept 1 in Pound Sterling looks incomplete and pair can see further downside. This article looks at the Elliott Wave path.
Asian shares were mostly lower Thursday as caution set in after a retreat on Wall Street driven by a decline in technology shares.
Benchmark U.S. crude oil for November delivery rose 33 cents to $39.93 a barrel Wednesday. Brent crude oil for November delivery rose 5 cents to $41.77 a barrel.
U.S. stock index futures are higher for a second day today, as investors await economic data and a second day of congressional testimony by Federal Reserve Chairman Jerome Powell at 9:00 central time.
NZDUSD started dropping from the 0.679 high in impulsive fashion and below the lower ending diagonal line, which confirms a completed Elliott wave ending diagonal pattern, and a minimum, three-wave reversal...
USDCAD stays positve short-term, targeting a key level at 1.3460
Asian markets were mostly lower on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook.
Benchmark U.S. crude oil for October delivery rose 29 cents to $39.60 a barrel Tuesday. Brent crude oil for November delivery rose 28 cents to $41.72 a barrel.
We analyze the USD for those wanting to take position trades in precious metals
The main event today will be Federal Reserve Chairman Jerome Powells testimony to the House Financial Services Committee at 9:30 a.m. central time.
Bulls have overall technical advantage amid choppy trading at higher price levels, but have faded as price uptrend negated.
Shares slipped Tuesday in Asia after markets tumbled worldwide on worries about the pandemic’s economic pain.
Benchmark U.S. crude oil for October delivery fell $1.80 to $39.31 a barrel Monday. Brent crude oil for November delivery fell $1.71 to $41.44 a barrel.
USDCHF continues to face recovery risk as it saw a rally on Monday. On the downside, support comes in at the 0.9100 level.
Bulls gain slight near-term technical advantage and working on starting price uptrend.
U.S. stock index futures turned risk-averse with a variety of negative headlines from around the world hitting stock index futures.
DeFi Index is moving as expected from September 7th, so more weakness is in view within a wave (C).
USDCHF is trading in a bearish A, B, C move
An uptrend will start as soon, as the market rises above resistance level 1.1930, which will be followed by moving up to resistance level 1.2310
Wall Street capped another turbulent week of trading Friday with a broad slide in stocks that left the S&P 500 with its third-straight weekly loss.