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EUR/USD: Dollar Strengthening Prospects Increase Throughout January, a series of indicators: GDP, employment, and retail sales, consistently highlighted the strength of the US economy. The threat of recession diminished, and it became evident that the high interest rate did not significantly hinder economic performance. Market participants were keenly awaiting the Federal Open Market Committee (FOMC) […]

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03/09/2024

XAUUSD: Weekly Outlook

Gold has been on a winning streak, rising for seven straight months and gaining 21% so far this year. The key question now is whether this momentum will continue in September or if the metal will take a break. The future of gold prices will largely depend on upcoming U.S. economic data and interest rate […]
08/07/2024

Ethereum (ETHUSD) Incomplete Sequences Calling the Decline

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Ethereum (ETHUSD). As our members know, ETHUSD is showing incomplete sequences in the cycle from the 3977 peak. We have been predicting a price decline. Recently, we got a bounce against the 3650 peak , […]
11/09/2024

Elliott Wave Update: USD/JPY Moving into 138.00-140.00 Zone

USD/JPY is finally topping out this year at our 162-164 resistance area, where we called the end of a big ending diagonal on the daily chart. Notice that the price is now falling sharply and impulsively through the lower trendline support and straight, all the way down to the starting point of the wedge pattern, […]